Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) CFO Sells $3,925,451.26 in Stock

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) CFO Andrew Kang sold 33,062 shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $118.73, for a total value of $3,925,451.26. Following the completion of the transaction, the chief financial officer owned 68,733 shares in the company, valued at $8,160,669.09. This trade represents a 32.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Andrew Kang also recently made the following trade(s):

• On Tuesday, May 19th, Andrew Kang sold 5,597 shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock. The stock was sold at an average price of $165.78, for a total transaction of $927,870.66.

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

STRC stock opened at $93.40 on Monday. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a one year low of $90.38 and a one year high of $100.42. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of -20.76 and a beta of 3.25.

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

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.9583 dividend. This represents a c) annualized dividend and a yield of 12.3%. This is a positive change from Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock’s previous monthly dividend of $0.96. The ex-dividend date is Monday, June 15th.

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

A hedge fund recently raised its stake in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock. Ethos Financial Group LLC grew its holdings in shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) by 198.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 currently owned by hedge funds and other institutional investors.

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).