Independent Advisor Alliance cut its stake in shares of Strategy Inc (NASDAQ:MSTR – Free Report) by 11.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,793 shares of the software maker’s stock after selling 5,960 shares during the quarter. Independent Advisor Alliance’s holdings in Strategy were worth $7,110,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Strategy by 21.0% during the fourth quarter. Vanguard Group Inc. now owns 24,062,886 shares of the software maker’s stock valued at $3,656,356,000 after acquiring an additional 4,178,611 shares during the period. Capital International Investors raised its holdings in shares of Strategy by 2.6% in the third quarter. Capital International Investors now owns 15,014,295 shares of the software maker’s stock valued at $4,837,778,000 after buying an additional 383,207 shares during the last quarter. State Street Corp raised its holdings in shares of Strategy by 9.2% in the third quarter. State Street Corp now owns 5,989,048 shares of the software maker’s stock valued at $1,929,731,000 after buying an additional 504,479 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of Strategy by 33.6% in the third quarter. Capital Research Global Investors now owns 4,205,258 shares of the software maker’s stock valued at $1,354,982,000 after buying an additional 1,057,804 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Strategy by 13.9% in the third quarter. Invesco Ltd. now owns 1,593,085 shares of the software maker’s stock valued at $513,308,000 after buying an additional 194,987 shares during the last quarter. 59.84% of the stock is owned by institutional investors.
Strategy Trading Down 5.9%
NASDAQ:MSTR opened at $184.42 on Wednesday. Strategy Inc has a twelve month low of $104.17 and a twelve month high of $457.22. The company has a quick ratio of 5.62, a current ratio of 6.05 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average price of $147.60 and a two-hundred day moving average price of $165.94. The company has a market cap of $61.55 billion, a P/E ratio of -4.59 and a beta of 3.59.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on MSTR shares. B. Riley Financial lifted their price target on Strategy from $200.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, May 7th. BTIG Research reaffirmed a “buy” rating and issued a $350.00 price target (up from $250.00) on shares of Strategy in a report on Wednesday, May 6th. Wall Street Zen cut Strategy from a “hold” rating to a “sell” rating in a report on Sunday, February 8th. Zacks Research cut Strategy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $395.00 price target (up from $385.00) on shares of Strategy in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $321.86.
Check Out Our Latest Analysis on Strategy
Strategy News Roundup
Here are the key news stories impacting Strategy this week:
- Positive Sentiment: Strategy bought 535 bitcoin for about $43 million, resuming accumulation after a brief pause and reinforcing management’s commitment to its Bitcoin treasury strategy. Strategy buys 535 bitcoin, opens vote on STRC semi-monthly dividend change
- Positive Sentiment: Michael Saylor said Strategy would still be a net buyer of Bitcoin over time, helping ease fears that the company is abandoning its accumulation model. Saylor Calls Bitcoin Sale Fears A ‘Big Nothing Burger’—So Why Is Everyone Panicking?
- Positive Sentiment: Strategy’s software business reportedly posted its strongest quarter in a decade, offering a reminder that MSTR is not just a leveraged Bitcoin proxy. Why Is Strategy Valuable? CEO Says MSTR Is More Than Its BTC Holdings
- Neutral Sentiment: Analysts at TD Cowen and Cantor Fitzgerald reiterated bullish views on the stock, with TD Cowen also lifting its price target after updating its model for Strategy’s latest results. TD Cowen Maintains Buy Rating on Strategy (MSTR) Following Strong BTC Yield
- Negative Sentiment: Investor concern persists after Saylor suggested Strategy could sell some Bitcoin to fund STRC dividends, which some traders view as a sign the treasury model is becoming more complex and potentially more risky. Strategy’s Bitcoin Sale Comment Puts Treasury Risk in Focus
- Negative Sentiment: Recent insider selling by director Jarrod M. Patten may add a small overhang, though the sales were modest relative to his remaining stake. SEC insider filing
Insider Activity
In other news, Director Jarrod M. Patten sold 2,750 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $191.59, for a total transaction of $526,872.50. Following the sale, the director owned 28,000 shares in the company, valued at $5,364,520. This represents a 8.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders sold 29,202 shares of company stock worth $4,421,564. Corporate insiders own 6.49% of the company’s stock.
Strategy Company Profile
Strategy, formerly known as MicroStrategy, Incorporated (NASDAQ: MSTR) is a global provider of enterprise analytics and mobility software. The company’s flagship platform offers business intelligence, data discovery, and advanced visualizations that enable organizations to analyze large volumes of data and deliver actionable insights. In addition to traditional on-premises deployments, Strategy provides a range of cloud-based services and managed offerings that allow customers to leverage the power of its analytics tools without managing complex infrastructure.
Founded in 1989 by Michael J.
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