Strategy Inc $MSTR Shares Sold by Legacy Wealth Managment LLC ID

Legacy Wealth Managment LLC ID lowered its position in shares of Strategy Inc (NASDAQ:MSTR) by 17.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 6,811 shares of the software maker’s stock after selling 1,413 shares during the quarter. Strategy comprises approximately 1.4% of Legacy Wealth Managment LLC ID’s holdings, making the stock its 14th largest holding. Legacy Wealth Managment LLC ID’s holdings in Strategy were worth $2,753,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Harvest Portfolios Group Inc. increased its holdings in Strategy by 181.8% during the 2nd quarter. Harvest Portfolios Group Inc. now owns 708,040 shares of the software maker’s stock worth $286,211,000 after purchasing an additional 456,745 shares during the last quarter. Mn Services Vermogensbeheer B.V. acquired a new stake in shares of Strategy during the second quarter worth approximately $37,391,000. Strs Ohio grew its position in shares of Strategy by 2,345.9% during the second quarter. Strs Ohio now owns 76,801 shares of the software maker’s stock worth $31,045,000 after buying an additional 73,661 shares in the last quarter. Swedbank AB bought a new stake in shares of Strategy in the first quarter worth $17,352,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in Strategy by 11.3% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 588,538 shares of the software maker’s stock valued at $237,905,000 after acquiring an additional 59,688 shares in the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

Insiders Place Their Bets

In other news, Director Jarrod M. Patten acquired 12,000 shares of the company’s stock in a transaction that occurred on Friday, October 17th. The shares were acquired at an average price of $96.88 per share, with a total value of $1,162,560.00. Following the acquisition, the director directly owned 29,335 shares in the company, valued at approximately $2,841,974.80. The trade was a 69.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Wei-Ming Shao sold 30,000 shares of Strategy stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $357.37, for a total transaction of $10,721,100.00. Following the completion of the sale, the executive vice president owned 12,726 shares in the company, valued at approximately $4,547,890.62. This represents a 70.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders acquired 36,399 shares of company stock worth $3,539,220 over the last quarter. 8.46% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Benchmark reissued a “buy” rating on shares of Strategy in a report on Friday, October 31st. HC Wainwright decreased their price target on Strategy from $521.00 to $475.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Mizuho boosted their price objective on Strategy from $563.00 to $586.00 and gave the company an “outperform” rating in a report on Monday, August 11th. TD Cowen reduced their target price on Strategy from $620.00 to $535.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, Monness Crespi & Hardt set a $175.00 target price on Strategy and gave the stock a “sell” rating in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $485.80.

Strategy Stock Up 2.0%

NASDAQ:MSTR opened at $241.93 on Friday. The firm has a market capitalization of $68.60 billion, a PE ratio of 21.30 and a beta of 3.87. The stock has a 50 day moving average of $309.93 and a 200-day moving average of $360.54. Strategy Inc has a 52 week low of $219.68 and a 52 week high of $543.00. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17.

Strategy (NASDAQ:MSTR) last announced its quarterly earnings results on Thursday, October 30th. The software maker reported $8.42 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $8.53. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.The business had revenue of $128.69 million for the quarter, compared to the consensus estimate of $116.76 million. During the same quarter last year, the business posted ($1.56) EPS. The business’s revenue was up 10.9% on a year-over-year basis. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Strategy Company Profile

Strategy Incorporated, formerly known as MicroStrategy, provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers Strategy ONE, a platform that allows non-technical users to access novel and actionable insights for decision-making, and Strategy Cloud for Government, which provides always-on threat monitoring designed to meet the strict technical and regulatory standards of governments and financial institutions.