Strategy Inc $MSTR Shares Sold by Portside Wealth Group LLC

Portside Wealth Group LLC lessened its position in Strategy Inc (NASDAQ:MSTR) by 19.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,446 shares of the software maker’s stock after selling 349 shares during the period. Portside Wealth Group LLC’s holdings in Strategy were worth $585,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Harvest Portfolios Group Inc. grew its holdings in 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 during the period. National Pension Service lifted its holdings in Strategy by 75.0% in the 2nd quarter. National Pension Service now owns 507,093 shares of the software maker’s stock valued at $204,982,000 after acquiring an additional 217,358 shares during the last quarter. Mn Services Vermogensbeheer B.V. bought a new position in shares of Strategy during the 2nd quarter valued at about $37,391,000. Strs Ohio grew its stake in shares of Strategy by 2,345.9% in the 2nd quarter. Strs Ohio now owns 76,801 shares of the software maker’s stock worth $31,045,000 after purchasing an additional 73,661 shares during the last quarter. Finally, Swedbank AB acquired a new position in shares of Strategy in the 1st quarter worth approximately $17,352,000. Institutional investors and hedge funds own 59.84% of the company’s stock.

Strategy Price Performance

MSTR opened at $206.80 on Wednesday. The firm has a market capitalization of $59.42 billion, a P/E ratio of 18.20 and a beta of 3.87. The stock has a fifty day moving average of $293.47 and a 200-day moving average of $352.88. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. Strategy Inc has a 12-month low of $189.53 and a 12-month high of $543.00.

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

Insider Transactions at Strategy

In related news, Director Jarrod M. Patten acquired 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 purchase, the director owned 29,335 shares in the company, valued at $2,841,974.80. This represents a 69.22% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Wei-Ming Shao sold 30,000 shares of the stock in a transaction that occurred on Tuesday, October 7th. The stock was 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 of the company’s stock, valued at approximately $4,547,890.62. The trade was a 70.21% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders bought 36,399 shares of company stock worth $3,539,220 and sold 50,534 shares worth $16,587,946. 8.46% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MSTR has been the subject of several recent research reports. Canaccord Genuity Group increased their target price on shares of Strategy from $464.00 to $474.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $54.00 price target (down previously from $65.00) on shares of Strategy in a report on Tuesday, September 30th. BTIG Research cut their price objective on Strategy from $700.00 to $630.00 and set a “buy” rating for the company in a research report on Friday, October 31st. TD Cowen reduced their price objective on Strategy from $620.00 to $535.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Finally, Citigroup started coverage on Strategy in a report on Tuesday, October 21st. They issued a “buy” rating and a $485.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $485.80.

Strategy 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.