Key Points
- Director Jarrod Patten sold 1,950 STRC shares at an average price of $92.45, generating $180,277.50 and reducing his position by 6.42% to 28,406 shares.
- STRC shares opened at $88.22, with a market capitalization of $2.28 billion, a 52-week range of $71.25 to $100.42, and a beta of 3.25.
- Institutional ownership remains significant at 26.02%; Ethos Financial Group increased its stake by 198.7% in the first quarter to 7,530 shares.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Get Free Report) Director Jarrod Patten sold 1,950 shares of the firm's stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $92.45, for a total transaction of $180,277.50. Following the completion of the sale, the director owned 28,406 shares in the company, valued at $2,626,134.70. This represents a 6.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Stock Down 0.1%
Shares of NASDAQ:STRC opened at $88.22 on Wednesday. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a 52-week low of $71.25 and a 52-week high of $100.42. The firm has a market capitalization of $2.28 billion, a P/E ratio of -19.60 and a beta of 3.25. The business's fifty day moving average is $90.46.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Increases Dividend
The company also recently announced a dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $0.9583 dividend. The ex-dividend date of this dividend was Monday, June 15th. This is a boost from Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock's previous dividend of $0.96.
Institutional Investors Weigh In On Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock
A hedge fund recently raised its stake in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock. Ethos Financial Group LLC raised its holdings in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Free Report) by 198.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 7,530 shares of the company's stock after acquiring an additional 5,009 shares during the quarter. Ethos Financial Group LLC's holdings in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock were worth $753,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 26.02% of the company's stock.
About Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock
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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).
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