Key Points
- Director sale: Jarrod Patten sold 475 STRC shares at an average price of $171, generating $81,225. Following the transaction, he retained 28,406 shares, a 1.64% reduction in ownership.
- Dividend announced: STRC declared a $0.50 dividend payable October 15 to shareholders of record as of September 30; the ex-dividend date is also September 30.
- Institutional activity: Ethos Financial Group increased its STRC stake by 198.7% during the first quarter to 7,530 shares, while institutional investors collectively own 26.02% of the stock.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Get Free Report) Director Jarrod Patten sold 475 shares of the company's stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $171.00, for a total transaction of $81,225.00. Following the sale, the director directly owned 28,406 shares in the company, valued at approximately $4,857,426. This trade represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Price Performance
STRC opened at $98.91 on Thursday. The stock has a 50-day simple moving average of $94.34. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a twelve month low of $71.25 and a twelve month high of $100.42. The stock has a market capitalization of $2.56 billion, a P/E ratio of -21.98 and a beta of 3.25.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Announces Dividend
The firm also recently disclosed a dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, September 30th.
Institutional Investors Weigh In On Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock
A hedge fund recently raised its position in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock. Ethos Financial Group LLC increased its stake 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 disclosure with the SEC. The institutional investor owned 7,530 shares of the company's stock after purchasing 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 at the end of the most recent quarter. 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
(
Get Free Report)
Strategy Inc, formerly known as MicroStrategy Incorporated, develops enterprise analytics and business intelligence software. Its platform helps organizations analyze data, create dashboards and reports, and support decision-making across areas such as finance, operations, sales, and marketing. The company serves enterprise customers in the United States and internationally through direct sales and partner channels.
In addition to its software business, Strategy has adopted a bitcoin-focused treasury strategy and holds bitcoin as a primary reserve asset.
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