Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) CFO Sells $927,870.66 in Stock

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) CFO Andrew Kang sold 5,597 shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $165.78, for a total value of $927,870.66. Following the completion of the sale, the chief financial officer owned 33,675 shares of the company’s stock, valued at approximately $5,582,641.50. The trade was a 14.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Price Performance

Shares of STRC stock opened at $99.30 on Friday. The stock has a market capitalization of $2.57 billion, a P/E ratio of -22.07 and a beta of 3.25. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a 12 month low of $90.52 and a 12 month high of $100.42.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Sunday, May 31st. Shareholders of record on Friday, May 15th will be issued a dividend of $0.9583 per share. This represents a c) dividend on an annualized basis and a yield of 11.6%. This is an increase from Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock’s previous monthly dividend of $0.96. The ex-dividend date is Friday, May 15th.

Hedge Funds Weigh In On Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock

An institutional investor recently raised its position in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock. Ethos Financial Group LLC increased its holdings in shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) by 198.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,530 shares of the company’s stock after purchasing an additional 5,009 shares during the period. Ethos Financial Group LLC’s holdings in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock were worth $753,000 at the end of the most recent quarter. 26.02% of the stock is owned by institutional investors and hedge funds.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Company Profile

Strategy Inc is a bitcoin treasury company and a provider of business intelligence services. It is designed to provide investors varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed-income instruments. The company also provides industry AI-powered enterprise analytics software. It has one reportable operating segment: the Software Business, which is engaged in the design, development, marketing, and sales of the company’s enterprise analytics software platform through cloud subscriptions and licensing arrangements and related services (i.e., product support, consulting, and education).