Strategy Inc $MSTR Stock Position Lowered by Accuvest Global Advisors

Accuvest Global Advisors lowered its stake in Strategy Inc (NASDAQ:MSTR) by 15.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,795 shares of the software maker’s stock after selling 13,027 shares during the period. Strategy makes up approximately 18.9% of Accuvest Global Advisors’ holdings, making the stock its largest holding. Accuvest Global Advisors’ holdings in Strategy were worth $29,022,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. SJS Investment Consulting Inc. increased its holdings in shares of Strategy by 25.8% in the second quarter. SJS Investment Consulting Inc. now owns 117 shares of the software maker’s stock worth $47,000 after buying an additional 24 shares during the period. Mutual Advisors LLC increased its holdings in shares of Strategy by 2.0% in the second quarter. Mutual Advisors LLC now owns 1,350 shares of the software maker’s stock worth $548,000 after buying an additional 27 shares during the period. Smith Anglin Financial LLC increased its holdings in Strategy by 1.2% during the 2nd quarter. Smith Anglin Financial LLC now owns 2,537 shares of the software maker’s stock valued at $1,025,000 after purchasing an additional 30 shares during the period. Magnus Financial Group LLC raised its position in Strategy by 0.9% during the 2nd quarter. Magnus Financial Group LLC now owns 3,660 shares of the software maker’s stock valued at $1,479,000 after purchasing an additional 32 shares during the last quarter. Finally, Beacon Capital Management LLC raised its position in Strategy by 0.8% during the 2nd quarter. Beacon Capital Management LLC now owns 5,176 shares of the software maker’s stock valued at $2,092,000 after purchasing an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MSTR shares. Monness Crespi & Hardt set a $175.00 price objective on Strategy and gave the stock a “sell” rating in a research report on Tuesday. Mizuho lifted their price objective on Strategy from $563.00 to $586.00 and gave the stock an “outperform” rating in a research report on Monday, August 11th. Cantor Fitzgerald cut their price objective on Strategy from $697.00 to $560.00 and set an “overweight” rating on the stock in a research report on Friday. TD Cowen cut their price objective on Strategy from $620.00 to $535.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Citigroup started coverage on Strategy in a research report on Tuesday, October 21st. They issued a “buy” rating and a $485.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $485.47.

Insider Transactions at Strategy

In other news, Director Jarrod M. Patten bought 12,000 shares of Strategy 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 acquisition, the director owned 29,335 shares of the company’s stock, valued at approximately $2,841,974.80. The trade was a 69.22% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Wei-Ming Shao sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $357.37, for a total value of $10,721,100.00. Following the completion of the sale, the executive vice president directly owned 12,726 shares in the company, valued at approximately $4,547,890.62. This represents a 70.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have bought 46,399 shares of company stock worth $4,515,720 and have sold 65,000 shares worth $24,099,750. Company insiders own 8.46% of the company’s stock.

Strategy Stock Up 6.0%

MSTR stock opened at $269.77 on Friday. Strategy Inc has a fifty-two week low of $220.82 and a fifty-two week high of $543.00. The business’s 50 day moving average price is $319.21 and its two-hundred day moving average price is $363.19. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market capitalization of $76.49 billion, a price-to-earnings ratio of 23.75 and a beta of 3.83.

Strategy (NASDAQ:MSTR) last posted its earnings results on Thursday, October 30th. The software maker reported $8.42 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $8.53. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.The firm had revenue of $128.69 million for the quarter, compared to the consensus estimate of $116.76 million. During the same quarter in the prior year, the business earned ($1.56) EPS. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

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.