Finer Wealth Management Inc. Buys New Stake in Strategy Incorporated (NASDAQ:MSTR)

Finer Wealth Management Inc. purchased a new stake in Strategy Incorporated (NASDAQ:MSTR) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 22,465 shares of the software maker’s stock, valued at approximately $6,506,000. Strategy makes up about 3.7% of Finer Wealth Management Inc.’s investment portfolio, making the stock its 8th largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of Strategy by 10.2% in 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 during the period. Norges Bank purchased a new position in Strategy in the 4th quarter valued at about $523,981,000. Charles Schwab Investment Management Inc. grew its stake in shares of Strategy by 14.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker’s stock valued at $220,626,000 after acquiring an additional 97,515 shares in the last quarter. Amundi increased its position in shares of Strategy by 262.8% during the fourth quarter. Amundi now owns 570,217 shares of the software maker’s stock worth $165,146,000 after acquiring an additional 413,028 shares during the last quarter. Finally, Swiss National Bank lifted its stake in shares of Strategy by 10.4% in the fourth quarter. Swiss National Bank now owns 517,000 shares of the software maker’s stock worth $149,734,000 after acquiring an additional 48,800 shares in the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MSTR has been the subject of a number of recent analyst reports. Mizuho began coverage on Strategy in a research note on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price objective for the company. Compass Point raised shares of Strategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Monness Crespi & Hardt cut shares of Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price target on the stock. in a report on Tuesday, April 1st. Cantor Fitzgerald increased their price objective on shares of Strategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, Barclays dropped their target price on shares of Strategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $508.09.

Insider Activity

In other Strategy news, CFO Andrew Kang bought 1,500 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were purchased at an average price of $85.00 per share, with a total value of $127,500.00. Following the purchase, the chief financial officer now directly owns 1,500 shares of the company’s stock, valued at approximately $127,500. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Wei-Ming Shao purchased 500 shares of the firm’s stock in a transaction dated Thursday, March 20th. The stock was acquired at an average cost of $85.00 per share, with a total value of $42,500.00. Following the purchase, the executive vice president now 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. Over the last quarter, insiders bought 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. Corporate insiders own 9.16% of the company’s stock.

Strategy Price Performance

MSTR opened at $310.72 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The company’s 50-day moving average price is $295.00 and its 200 day moving average price is $307.61. Strategy Incorporated has a fifty-two week low of $101.00 and a fifty-two week high of $543.00. The firm has a market cap of $79.96 billion, a price-to-earnings ratio of -55.16 and a beta of 3.46.

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

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.