Key Points
- CFO Andrew Kang sold 5,597 shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock on May 19 at an average price of $165.78, for total proceeds of $927,870.66. The sale reduced his holdings by 14.25% and was made to cover tax withholding tied to vesting equity awards.
- The company raised its monthly dividend to $0.9583 per share, payable May 31 to shareholders of record on May 15. That works out to an annualized yield of 11.6%.
- Institutional ownership increased, with Ethos Financial Group LLC boosting its stake by 198.7% in the first quarter. The company now has 26.02% of shares held by institutional investors and hedge funds.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Get Free Report) CFO Andrew Kang sold 5,597 shares of the company's stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $165.78, for a total transaction of $927,870.66. Following the completion of the transaction, the chief financial officer owned 33,675 shares in the company, valued at approximately $5,582,641.50. The trade was a 14.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Trading Up 0.2%
NASDAQ STRC opened at $99.16 on Thursday. The stock has a market capitalization of $2.57 billion, a PE ratio of -22.04 and a beta of 3.25. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a 12 month low of $90.52 and a 12 month high of $100.42.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Increases Dividend
The business also recently declared a monthly dividend, which will be paid on Sunday, May 31st. Stockholders of record on Friday, May 15th will be issued a $0.9583 dividend. The ex-dividend date is Friday, May 15th. This is a boost from Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock's previous monthly dividend of $0.96. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock. Ethos Financial Group LLC lifted its stake in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Free Report) by 198.7% during the first quarter, according to the company in its most recent Form 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 institutional investors and hedge funds.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Company Profile
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Get Free Report)
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).
Further Reading
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