Vise Technologies Inc. Acquires New Holdings in Strategy Inc $MSTR

Vise Technologies Inc. acquired a new position in Strategy Inc (NASDAQ:MSTR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,849 shares of the software maker’s stock, valued at approximately $742,000.

A number of other large investors also recently modified their holdings of MSTR. Handelsbanken Fonder AB grew its holdings in Strategy by 28.8% during the second quarter. Handelsbanken Fonder AB now owns 106,522 shares of the software maker’s stock worth $9,260,000 after buying an additional 23,829 shares in the last quarter. Venture Visionary Partners LLC purchased a new stake in Strategy in the 3rd quarter valued at $1,697,000. Nykredit A S purchased a new stake in Strategy in the 2nd quarter valued at $2,383,000. WINTON GROUP Ltd purchased a new stake in Strategy in the 2nd quarter valued at $826,000. Finally, Bank of America Corp DE lifted its stake in Strategy by 3.1% during the 1st quarter. Bank of America Corp DE now owns 3,965,680 shares of the software maker’s stock valued at $494,917,000 after acquiring an additional 117,374 shares in the last quarter. Institutional investors own 59.84% of the company’s stock.

Analyst Ratings Changes

MSTR has been the topic of a number of analyst reports. Benchmark reaffirmed a “buy” rating and set a $435.00 price objective (down from $570.00) on shares of Strategy in a report on Monday, July 27th. Barclays reiterated an “overweight” rating and issued a $175.00 target price (up from $160.00) on shares of Strategy in a report on Friday, October 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of Strategy in a report on Monday, November 2nd. Mizuho set a $165.00 price target on shares of Strategy in a research report on Monday, August 10th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $208.00 price target on shares of Strategy in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Strategy currently has an average rating of “Moderate Buy” and a consensus price target of $244.79.

Key Stories Impacting Strategy

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Strategy added 1,036 BTC for about $81.9 million, bringing its holdings to 850,364 BTC. Fidelity also reportedly tripled its stake to $156 million in Q3, while Amundi increased its stake 44% to $291 million. Strategy Bitcoin purchase and STRC repurchases Fidelity increases Strategy stake
• Positive Sentiment: Cantor Fitzgerald reaffirmed its “Overweight” rating and set a $208 price target, providing a bullish counterpoint to recent share weakness. Cantor Fitzgerald price target
• Neutral Sentiment: CEO Phong Le outlined a longer-term plan to build institutional Bitcoin-banking services. The ambition could broaden Strategy’s business, but the report did not detail near-term revenue or results. Strategy’s Bitcoin banking plans
• Negative Sentiment: Bitcoin traded below Strategy’s average acquisition cost of about $75,456 per coin, putting the value of its large treasury below its purchase cost and weighing on sentiment toward MSTR. Bitcoin below Strategy’s average cost
• Negative Sentiment: In the latest reported week, Strategy spent about $188 million repurchasing STRC preferred shares versus roughly $82 million buying Bitcoin. It funded these uses partly through sales of more than 2 million MSTR shares, raising concerns about capital allocation and dilution. Strategy preferred-share buybacks and Bitcoin spending

Strategy Stock Performance

Shares of MSTR opened at $121.07 on Wednesday. The company has a current ratio of 4.04, a quick ratio of 4.04 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $51.14 billion, a price-to-earnings ratio of -1.99 and a beta of 3.60. The stock has a 50 day moving average of $144.15 and a 200 day moving average of $133.17. Strategy Inc has a 12 month low of $81.81 and a 12 month high of $239.24.

Strategy (NASDAQ:MSTR) last issued its quarterly earnings results on Thursday, October 29th. The software maker reported $44.75 EPS for the quarter, topping analysts’ consensus estimates of $20.19 by $24.56. Strategy had a negative return on equity of 32.71% and a negative net margin of 2,760.33%. The business had revenue of $125.43 million for the quarter, compared to analyst estimates of $127.76 million. During the same period last year, the company posted $8.42 earnings per share. Strategy’s quarterly revenue was down 2.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Strategy Inc will post -13.01 earnings per share for the current year.

Insider Activity

In other news, Director Jarrod Patten sold 4,750 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $141.00, for a total transaction of $669,750.00. Following the completion of the sale, the director directly owned 28,406 shares of the company’s stock, valued at $4,005,246. This trade represents a 14.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 14,950 shares of company stock worth $2,113,106. Company insiders own 5.40% of the company’s stock.

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.