Freedom Investment Management Inc. Cuts Stock Holdings in Strategy Incorporated (NASDAQ:MSTR)

Freedom Investment Management Inc. reduced its stake in Strategy Incorporated (NASDAQ:MSTR) by 8.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,001 shares of the software maker’s stock after selling 370 shares during the quarter. Freedom Investment Management Inc.’s holdings in Strategy were worth $1,159,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of MSTR. Geode Capital Management LLC lifted its position in shares of Strategy by 10.2% during the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock valued at $881,470,000 after purchasing an additional 281,342 shares in the last quarter. Norges Bank purchased a new stake in Strategy in the 4th quarter valued at about $523,981,000. Charles Schwab Investment Management Inc. increased its stake in Strategy by 14.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker’s stock valued at $220,626,000 after buying an additional 97,515 shares during the last quarter. Amundi lifted its position in shares of Strategy by 262.8% during the 4th quarter. Amundi now owns 570,217 shares of the software maker’s stock worth $165,146,000 after buying an additional 413,028 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of Strategy by 10.4% in the 4th quarter. Swiss National Bank now owns 517,000 shares of the software maker’s stock worth $149,734,000 after buying an additional 48,800 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors.

Strategy Price Performance

Strategy stock opened at $317.20 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The firm has a market capitalization of $81.63 billion, a P/E ratio of -56.31 and a beta of 3.46. Strategy Incorporated has a one year low of $101.00 and a one year high of $543.00. The business has a fifty day moving average price of $294.28 and a 200-day moving average price of $309.73.

Strategy (NASDAQ:MSTR) last issued its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Insider Activity at Strategy

In related news, CFO Andrew Kang bought 1,500 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The stock was bought at an average cost of $85.00 per share, for a total transaction of $127,500.00. Following the acquisition, the chief financial officer now directly owns 1,500 shares of the company’s stock, valued at $127,500. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leslie J. Rechan sold 15,000 shares of Strategy stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total value of $5,038,500.00. Following the completion of the transaction, the director now directly owns 4,970 shares in the company, valued at $1,669,423. This trade represents a 75.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 8,000 shares of company stock valued at $680,000 and have sold 32,998 shares valued at $10,821,926. 9.16% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently commented on MSTR. Monness Crespi & Hardt downgraded Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price target for the company. in a research report on Tuesday, April 1st. Maxim Group lifted their target price on Strategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Mizuho assumed coverage on shares of Strategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target for the company. Keefe, Bruyette & Woods initiated coverage on shares of Strategy in a research report on Friday, February 7th. They issued an “outperform” rating and a $560.00 price objective on the stock. Finally, Benchmark reissued a “buy” rating and set a $650.00 target price on shares of Strategy in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Strategy has an average rating of “Moderate Buy” and a consensus target price of $508.09.

Strategy Profile

Strategy Incorporated, formerly known as MicroStrategy, provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers Strategy ONE, a platform that allows non-technical users to access novel and actionable insights for decision-making, and Strategy Cloud for Government, which provides always-on threat monitoring designed to meet the strict technical and regulatory standards of governments and financial institutions.