MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 114,400 Shares of Strategy Incorporated (NASDAQ:MSTR)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Strategy Incorporated (NASDAQ:MSTR) by 4,639.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,866 shares of the software maker’s stock after acquiring an additional 114,400 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Strategy were worth $33,853,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Laird Norton Wetherby Wealth Management LLC bought a new position in Strategy in the fourth quarter worth about $420,000. Ionic Capital Management LLC bought a new position in Strategy in the fourth quarter worth about $396,000. Janus Henderson Group PLC raised its holdings in Strategy by 12.8% in the fourth quarter. Janus Henderson Group PLC now owns 13,200 shares of the software maker’s stock worth $3,825,000 after purchasing an additional 1,500 shares in the last quarter. Focus Partners Wealth raised its holdings in Strategy by 35.5% in the fourth quarter. Focus Partners Wealth now owns 3,592 shares of the software maker’s stock worth $1,051,000 after purchasing an additional 942 shares in the last quarter. Finally, Ethic Inc. bought a new position in Strategy in the fourth quarter worth about $332,000. 59.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Strategy news, EVP Wei-Ming Shao bought 500 shares of the firm’s stock in a transaction dated Thursday, March 20th. The shares were purchased at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Leslie J. Rechan sold 15,000 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total value of $5,038,500.00. Following the transaction, the director now owns 4,970 shares in the company, valued at $1,669,423. This trade represents a 75.11% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 8,000 shares of company stock worth $680,000 and have sold 41,198 shares worth $13,901,970. Insiders own 9.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on MSTR shares. Mizuho started coverage on shares of Strategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price for the company. 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 for the company. Benchmark reiterated a “buy” rating and issued a $650.00 target price on shares of Strategy in a report on Tuesday, January 14th. Canaccord Genuity Group boosted their price target on Strategy from $409.00 to $464.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Finally, Compass Point upgraded Strategy to a “strong-buy” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Strategy presently has a consensus rating of “Moderate Buy” and a consensus target price of $514.42.

Strategy Trading Up 4.1%

Strategy stock opened at $421.61 on Wednesday. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. Strategy Incorporated has a 12 month low of $102.40 and a 12 month high of $543.00. The stock’s 50 day simple moving average is $322.68 and its two-hundred day simple moving average is $331.77. The firm has a market cap of $115.27 billion, a PE ratio of -74.85 and a beta of 3.79.

Strategy (NASDAQ:MSTR) last released its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) EPS for the quarter, missing the consensus estimate 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 company had revenue of $111.07 million during the quarter, compared to analysts’ expectations of $116.66 million. During the same quarter in the prior year, the company posted ($0.83) EPS. The company’s revenue for the quarter was down 3.6% on a year-over-year basis.

Strategy Company 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.