SKY Mountain Capital Management Inc. Purchases 487 Shares of Strategy Inc $MSTR

SKY Mountain Capital Management Inc. increased its position in Strategy Inc (NASDAQ:MSTR) by 1.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,429 shares of the software maker’s stock after purchasing an additional 487 shares during the period. Strategy makes up 9.8% of SKY Mountain Capital Management Inc.’s investment portfolio, making the stock its 4th largest holding. SKY Mountain Capital Management Inc.’s holdings in Strategy were worth $14,645,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of MSTR. Harvest Portfolios Group Inc. increased its position in shares of Strategy by 181.8% during the second quarter. Harvest Portfolios Group Inc. now owns 708,040 shares of the software maker’s stock worth $286,211,000 after acquiring an additional 456,745 shares in the last quarter. National Pension Service grew its position in Strategy by 75.0% in the 2nd quarter. National Pension Service now owns 507,093 shares of the software maker’s stock worth $204,982,000 after purchasing an additional 217,358 shares in the last quarter. Mn Services Vermogensbeheer B.V. bought a new stake in Strategy in the 2nd quarter worth about $37,391,000. Strs Ohio increased its stake in Strategy by 2,345.9% in the 2nd quarter. Strs Ohio now owns 76,801 shares of the software maker’s stock valued at $31,045,000 after buying an additional 73,661 shares during the last quarter. Finally, Swedbank AB bought a new position in shares of Strategy during the 1st quarter worth approximately $17,352,000. Institutional investors and hedge funds own 59.84% of the company’s stock.

Strategy Price Performance

Shares of NASDAQ:MSTR opened at $186.50 on Thursday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $53.59 billion, a PE ratio of 16.42 and a beta of 3.87. Strategy Inc has a twelve month low of $181.73 and a twelve month high of $543.00. The company has a 50-day moving average price of $290.67 and a two-hundred day moving average price of $351.72.

Strategy (NASDAQ:MSTR) last posted its quarterly earnings results on Thursday, October 30th. The software maker reported $8.42 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $8.52. The company had revenue of $128.69 million for the quarter, compared to analyst estimates of $116.65 million. Strategy had a net margin of 1,036.61% and a return on equity of 18.83%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.56) earnings per share. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insiders Place Their Bets

In related news, Director Jarrod M. Patten bought 12,000 shares of the company’s stock in a transaction on Friday, October 17th. The shares were purchased at an average price of $96.88 per share, for a total transaction of $1,162,560.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Wei-Ming Shao sold 2,600 shares of Strategy stock in a transaction on Monday, November 17th. The shares were sold at an average price of $200.00, for a total value of $520,000.00. Following the completion of the transaction, the executive vice president owned 32,726 shares of the company’s stock, valued at approximately $6,545,200. This trade represents a 7.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have acquired 36,399 shares of company stock worth $3,539,220 and have sold 50,577 shares worth $16,596,914. Insiders own 8.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on MSTR. 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 report on Monday, November 3rd. Mizuho raised their target price on Strategy from $563.00 to $586.00 and gave the company an “outperform” rating in a research report on Monday, August 11th. Cowen reissued a “buy” rating on shares of Strategy in a report on Friday, October 31st. Citigroup initiated coverage on shares of Strategy in a research report on Tuesday, October 21st. They set a “buy” rating and a $485.00 price target for the company. Finally, Canaccord Genuity Group raised their price objective on shares of Strategy from $464.00 to $474.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Strategy has a consensus rating of “Moderate Buy” and a consensus target price of $485.80.

About Strategy

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.