CANADA LIFE ASSURANCE Co Acquires 9,475 Shares of Strategy Incorporated (NASDAQ:MSTR)

CANADA LIFE ASSURANCE Co grew its stake in shares of Strategy Incorporated (NASDAQ:MSTR) by 14.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 75,691 shares of the software maker’s stock after purchasing an additional 9,475 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in Strategy were worth $21,913,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of MSTR. Riverview Trust Co bought a new stake in Strategy during the fourth quarter worth $25,000. IAG Wealth Partners LLC purchased a new position in Strategy during the 4th quarter worth $25,000. Quadrant Capital Group LLC grew its stake in shares of Strategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after acquiring an additional 77 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Strategy by 422.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock valued at $27,000 after purchasing an additional 76 shares during the last quarter. Finally, Aspect Partners LLC bought a new position in shares of Strategy during the fourth quarter valued at about $28,000. 59.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Strategy

In related news, EVP Wei-Ming Shao sold 10,000 shares of the stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $315.00, for a total transaction of $3,150,000.00. Following the sale, the executive vice president now owns 10,597 shares of the company’s stock, valued at approximately $3,338,055. This represents a 48.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Leslie J. Rechan sold 15,000 shares of Strategy stock in a transaction dated 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 directly owns 4,970 shares of the company’s stock, valued at $1,669,423. The trade was a 75.11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders purchased 8,000 shares of company stock valued at $680,000 and sold 32,998 shares valued at $10,821,926. Corporate insiders own 9.16% of the company’s stock.

Strategy Price Performance

NASDAQ MSTR opened at $317.20 on Friday. The company has a market cap of $81.63 billion, a PE ratio of -56.31 and a beta of 3.46. 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 firm’s 50-day simple moving average is $294.28 and its two-hundred day simple moving average is $310.74. Strategy Incorporated has a 52 week low of $101.00 and a 52 week high of $543.00.

Strategy (NASDAQ:MSTR) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) 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%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MSTR shares. Benchmark reiterated a “buy” rating and issued a $650.00 price objective on shares of Strategy in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods assumed coverage on Strategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 price target for the company. Monness Crespi & Hardt cut Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price objective on the stock. in a research report on Tuesday, April 1st. Cantor Fitzgerald raised their target price on Strategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Canaccord Genuity Group lowered their target price on Strategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Strategy presently has a consensus rating of “Moderate Buy” and an average price target of $508.09.

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.