Strong Tower Advisory Services raised its stake in shares of Strategy Inc (NASDAQ:MSTR – Free Report) by 4.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 134,681 shares of the software maker’s stock after buying an additional 5,948 shares during the quarter. Strategy comprises 3.2% of Strong Tower Advisory Services’ portfolio, making the stock its 7th biggest position. Strong Tower Advisory Services’ holdings in Strategy were worth $16,808,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of MSTR. Binnacle Investments Inc raised its position in shares of Strategy by 492.9% in the 2nd quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock valued at $34,000 after acquiring an additional 69 shares during the period. Wealth Watch Advisors INC acquired a new position in Strategy during the third quarter valued at approximately $44,000. Fideuram Asset Management Ireland dac bought a new stake in Strategy in the fourth quarter valued at approximately $25,000. Dogwood Wealth Management LLC increased its stake in Strategy by 280.0% in the fourth quarter. Dogwood Wealth Management LLC now owns 190 shares of the software maker’s stock valued at $29,000 after purchasing an additional 140 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in Strategy in the second quarter valued at approximately $77,000. 59.84% of the stock is owned by institutional investors.
Strategy Stock Performance
Shares of MSTR stock opened at $112.53 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 6.05 and a current ratio of 6.05. The company has a market capitalization of $39.44 billion, a P/E ratio of -2.80 and a beta of 3.50. The company’s 50 day moving average price is $152.69 and its two-hundred day moving average price is $149.88. Strategy Inc has a 52 week low of $104.17 and a 52 week high of $457.22.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the stock. Mizuho reduced their price target on shares of Strategy from $320.00 to $265.00 and set an “outperform” rating on the stock in a research report on Monday, June 1st. B. Riley Financial upped their price objective on shares of Strategy from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Zacks Research downgraded Strategy from a “hold” rating to a “strong sell” rating in a research note on Monday, May 18th. Monness Crespi & Hardt reiterated a “neutral” rating on shares of Strategy in a report on Tuesday, June 2nd. Finally, TD Cowen boosted their target price on Strategy from $395.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Strategy has a consensus rating of “Moderate Buy” and an average target price of $313.93.
Read Our Latest Stock Analysis on Strategy
Insider Activity at Strategy
In related news, Director Jarrod M. Patten sold 1,500 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $121.31, for a total value of $181,965.00. Following the completion of the transaction, the director directly owned 28,406 shares of the company’s stock, valued at approximately $3,445,931.86. This represents a 5.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jeanine Montgomery sold 354 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $123.84, for a total value of $43,839.36. Following the transaction, the chief accounting officer owned 11,209 shares of the company’s stock, valued at approximately $1,388,122.56. This trade represents a 3.06% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 198,264 shares of company stock valued at $25,880,124. Insiders own 6.49% of the company’s stock.
More Strategy News
Here are the key news stories impacting Strategy this week:
- Negative Sentiment: Director Jarrod Patten sold 1,500 shares of Strategy, a move that can weigh on sentiment when investors are already worried about the stock’s recent volatility and the company’s financing strategy. Article Title
- Negative Sentiment: Strategy’s preferred stock, STRC, fell to record lows, renewing fears that the company may have a harder time funding future Bitcoin purchases without more dilution or pressure on dividend obligations. Article Title
- Negative Sentiment: Multiple reports said weak STRC pricing is raising concerns about Strategy’s monthly dividend burden and whether its Bitcoin-buying engine can keep operating at the same pace. Article Title
- Negative Sentiment: Bitcoin’s broader weakness, including a large options expiry and hawkish macro fears, is adding to pressure on MSTR because the stock trades as a leveraged proxy for Bitcoin sentiment. Article Title
- Neutral Sentiment: Michael Saylor continued defending Strategy’s Bitcoin model, but his comments have not yet eased market worries about funding, leverage, and dilution. Article Title
- Neutral Sentiment: Strategy also disclosed a modest Bitcoin purchase, which supports its treasury narrative but has been overshadowed by concerns around financing and preferred-share weakness. Article Title
About Strategy
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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