Lido Advisors LLC Purchases 903 Shares of Strategy Incorporated (NASDAQ:MSTR)

Lido Advisors LLC boosted its position in Strategy Incorporated (NASDAQ:MSTR) by 40.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,156 shares of the software maker’s stock after acquiring an additional 903 shares during the period. Lido Advisors LLC’s holdings in Strategy were worth $914,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Riverview Trust Co acquired a new position in shares of Strategy in the 4th quarter valued at $25,000. IAG Wealth Partners LLC bought a new position in Strategy during the fourth quarter worth about $25,000. Quadrant Capital Group LLC grew its position in shares of Strategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after buying an additional 77 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Strategy by 422.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock valued at $27,000 after acquiring an additional 76 shares during the period. Finally, Aspect Partners LLC acquired a new stake in shares of Strategy in the 4th quarter valued at approximately $28,000. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Strategy

In other news, Director Jarrod M. Patten sold 3,100 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $365.33, for a total transaction of $1,132,523.00. Following the transaction, the director now owns 4,970 shares in the company, valued at approximately $1,815,690.10. This trade represents a 38.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Wei-Ming Shao bought 500 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were purchased at an average cost of $85.00 per share, with a total value of $42,500.00. Following the acquisition, the executive vice president now directly owns 500 shares of the company’s stock, valued at approximately $42,500. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 8,000 shares of company stock worth $680,000 and sold 37,798 shares worth $12,535,866. 9.16% of the stock is currently owned by corporate insiders.

Strategy Stock Up 3.3 %

Shares of MSTR stock opened at $394.37 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The firm’s 50-day moving average is $304.20 and its 200-day moving average is $322.82. The stock has a market cap of $101.49 billion, a price-to-earnings ratio of -70.01 and a beta of 3.79. Strategy Incorporated has a 52-week low of $102.40 and a 52-week high of $543.00.

Strategy (NASDAQ:MSTR) last posted its earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($16.47). Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. The business had revenue of $111.07 million for the quarter, compared to analyst estimates of $116.66 million. During the same period in the previous year, the firm posted ($0.83) earnings per share. The firm’s revenue was down 3.6% compared to the same quarter last year.

Analyst Ratings Changes

Several equities research analysts have weighed in on MSTR shares. Keefe, Bruyette & Woods started coverage on shares of Strategy in a report on Friday, February 7th. They issued an “outperform” rating and a $560.00 target price on the stock. HC Wainwright started coverage on Strategy in a report on Tuesday, April 29th. They set a “buy” rating and a $480.00 price objective on the stock. Benchmark reissued a “buy” rating and set a $650.00 target price on shares of Strategy in a research note on Tuesday, January 14th. Maxim Group upped their price target on shares of Strategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, Barclays dropped their price objective on shares of Strategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $510.33.

About Strategy

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.