Key Points
- Director Jarrod Patten sold 1,350 STRC shares at an average price of $156.16, totaling $210,816 and reducing his direct ownership by 4.54% to 28,406 shares.
- STRC opened at $99.90, with a market capitalization of approximately $2.59 billion, a 12-month range of $71.25 to $100.42, and a beta of 3.25.
- The company declared a $0.50 dividend per share, payable November 15 to shareholders of record October 31; Sterling Investment Advisors also recently acquired a 2,525-share stake.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Get Free Report) Director Jarrod Patten sold 1,350 shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock in a transaction on Friday, October 9th. The stock was sold at an average price of $156.16, for a total transaction of $210,816.00. Following the completion of the transaction, the director directly owned 28,406 shares of the company's stock, valued at $4,435,880.96. The trade was a 4.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Stock Performance
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock opened at $99.90 on Wednesday. The business has a 50-day simple moving average of $97.50. 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 company has a market cap of $2.59 billion, a P/E ratio of -22.20 and a beta of 3.25.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Dividend Announcement
The firm also recently declared a dividend, which will be paid on Sunday, November 15th. Investors of record on Saturday, October 31st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, October 30th.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock. Sterling Investment Advisors Ltd. acquired a new position in shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,525 shares of the company's stock, valued at approximately $214,000. Hedge funds and other institutional investors own 26.02% of the company's stock.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Company Profile
(
Get Free Report)
Strategy Inc, formerly known as MicroStrategy Incorporated, develops enterprise analytics and business intelligence software. Its platform helps organizations collect, analyze and visualize data for reporting, decision-making and operational planning. The company serves businesses and other institutions across a range of industries and geographic markets.
Strategy has also adopted a digital asset strategy centered on bitcoin. In addition to continuing its software operations, the company uses its corporate capital markets activities to acquire and hold bitcoin as a primary treasury reserve asset.
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