Andrew Kang Sells 5,597 Shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) Stock

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) CFO Andrew Kang sold 5,597 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $165.78, for a total transaction of $927,870.66. Following the transaction, the chief financial officer directly owned 33,675 shares of the company’s stock, valued at $5,582,641.50. This represents a 14.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 Price Performance

NASDAQ STRC opened at $99.32 on Friday. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a twelve month low of $90.52 and a twelve month high of $100.42. The stock has a market capitalization of $2.57 billion, a P/E ratio of -22.07 and a beta of 3.25.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Sunday, May 31st. Shareholders of record on Friday, May 15th will be given a $0.9583 dividend. The ex-dividend date is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%. This is an increase from Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock’s previous monthly dividend of $0.96.

Institutional Trading of 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 increased its position in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) by 198.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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. 26.02% of the stock is currently owned by hedge funds and other institutional investors.

About Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock

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).