Strategy Inc $MSTR Shares Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC raised its holdings in Strategy Inc (NASDAQ:MSTR) by 48.9% in the fourth quarter, Holdings Channel reports. The fund owned 52,606 shares of the software maker’s stock after buying an additional 17,270 shares during the period. EverSource Wealth Advisors LLC’s holdings in Strategy were worth $7,994,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MSTR. Dogwood Wealth Management LLC raised its holdings in Strategy by 280.0% in the 4th quarter. Dogwood Wealth Management LLC now owns 190 shares of the software maker’s stock valued at $29,000 after acquiring an additional 140 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in Strategy in the 3rd quarter valued at about $32,000. Binnacle Investments Inc raised its holdings in 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 last quarter. City State Bank raised its holdings in Strategy by 354.5% in the 4th quarter. City State Bank now owns 250 shares of the software maker’s stock valued at $38,000 after acquiring an additional 195 shares during the last quarter. Finally, Cheviot Value Management LLC acquired a new stake in Strategy in the 3rd quarter valued at about $39,000. Institutional investors and hedge funds own 59.84% of the company’s stock.

Insider Buying and Selling

In other news, CFO Andrew Kang sold 5,597 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $165.78, for a total transaction of $927,870.66. Following the completion of the sale, the chief financial officer owned 33,675 shares in the company, valued at $5,582,641.50. This trade represents a 14.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jarrod M. Patten sold 2,250 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $166.37, for a total transaction of $374,332.50. Following the sale, the director owned 28,000 shares of the company’s stock, valued at $4,658,360. This represents a 7.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 41,549 shares of company stock valued at $6,510,803 in the last 90 days. Insiders own 6.49% of the company’s stock.

Strategy Stock Down 3.0%

Shares of NASDAQ MSTR opened at $159.89 on Friday. The company has a 50 day simple moving average of $152.77 and a 200-day simple moving average of $160.66. The company has a market capitalization of $56.03 billion, a P/E ratio of -3.98 and a beta of 3.59. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.05 and a quick ratio of 6.05. Strategy Inc has a 1 year low of $104.17 and a 1 year high of $457.22.

Strategy (NASDAQ:MSTR) last announced its quarterly earnings results on Tuesday, May 5th. The software maker reported ($38.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.86) by ($37.39). The firm had revenue of $124.30 million for the quarter, compared to analyst estimates of $120.75 million. Strategy had a negative return on equity of 26.97% and a negative net margin of 2,482.01%.The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($16.49) EPS. On average, equities research analysts predict that Strategy Inc will post 116.7 earnings per share for the current year.

Key Stories Impacting Strategy

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: TD Cowen reiterated a Buy rating and lifted its price target on Strategy, citing continued Bitcoin accumulation and potential upside from the company’s BTC-focused model.
• Positive Sentiment: Reports that Strategy continued buying Bitcoin with capital raised from securities sales reinforce the core bull case that BTC holdings remain the main value driver for MSTR.
• Neutral Sentiment: Michael Saylor’s CNBC comments on tokenization and Strategy’s evolving capital-markets approach support the long-term Bitcoin thesis, but do not create an immediate operating catalyst.
• Negative Sentiment: Investor concern has increased after reports that Strategy may pause Bitcoin buying and could even sell some BTC to support capital-management moves or debt repurchases.
• Negative Sentiment: Zacks Research downgraded Strategy to Strong Sell, adding to bearish sentiment around the stock.
• Negative Sentiment: New insider selling, including CFO Andrew Kang’s stock sale and director Jarrod M. Patten’s disposals, is weighing on confidence in the shares.

Analyst Upgrades and Downgrades

MSTR has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Strategy in a report on Friday, March 27th. Canaccord Genuity Group set a $224.00 price objective on shares of Strategy and gave the company a “buy” rating in a report on Thursday, May 7th. B. Riley Financial increased their price objective on shares of Strategy from $200.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Texas Capital upgraded shares of Strategy to a “strong-buy” rating in a report on Thursday, March 19th. Finally, Zacks Research downgraded shares of Strategy from a “hold” rating to a “strong sell” rating in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $322.21.

Strategy 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.