Wealthfront Advisers LLC Reduces Position in Strategy Inc $MSTR

Wealthfront Advisers LLC reduced its holdings in Strategy Inc (NASDAQ:MSTR) by 2.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,614 shares of the software maker’s stock after selling 1,645 shares during the period. Wealthfront Advisers LLC’s holdings in Strategy were worth $22,481,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. lifted its stake in Strategy by 11.3% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 588,538 shares of the software maker’s stock worth $237,905,000 after purchasing an additional 59,688 shares in the last quarter. Correct Capital Wealth Management lifted its position in Strategy by 12.4% during the first quarter. Correct Capital Wealth Management now owns 188,463 shares of the software maker’s stock worth $54,328,000 after buying an additional 20,790 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Strategy by 75.7% during the second quarter. Robeco Institutional Asset Management B.V. now owns 125,650 shares of the software maker’s stock worth $50,791,000 after buying an additional 54,144 shares in the last quarter. TD Asset Management Inc boosted its stake in Strategy by 22.1% during the second quarter. TD Asset Management Inc now owns 107,991 shares of the software maker’s stock worth $43,653,000 after buying an additional 19,565 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in Strategy by 26.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 101,880 shares of the software maker’s stock valued at $41,183,000 after buying an additional 21,499 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Insider Transactions at Strategy

In other Strategy news, EVP Wei-Ming Shao sold 30,000 shares of Strategy stock in a transaction dated 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 transaction, the executive vice president directly owned 12,726 shares of the company’s stock, valued at $4,547,890.62. The trade was a 70.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Andrew Kang sold 18,750 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $395.00, for a total transaction of $7,406,250.00. Following the sale, the chief financial officer directly owned 24,460 shares in the company, valued at $9,661,700. This represents a 43.39% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have bought 289,254 shares of company stock worth $26,372,670 and have sold 65,000 shares worth $24,099,750. 8.46% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on MSTR shares. Mizuho lifted their price target on Strategy from $563.00 to $586.00 and gave the stock an “outperform” rating in a report on Monday, August 11th. TD Cowen reduced their target price on shares of Strategy from $640.00 to $620.00 and set a “buy” rating on the stock in a research note on Tuesday, September 16th. Wells Fargo & Company reissued an “equal weight” rating and issued a $54.00 price target (down previously from $65.00) on shares of Strategy in a research note on Tuesday, September 30th. China Renaissance began coverage on shares of Strategy in a research report on Wednesday, October 15th. They set a “buy” rating and a $473.00 price target on the stock. Finally, Monness Crespi & Hardt upped their price objective on Strategy from $175.00 to $200.00 and gave the company a “sell” rating in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $505.47.

Strategy Stock Performance

Shares of MSTR stock opened at $289.08 on Friday. 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 firm has a market cap of $81.97 billion, a P/E ratio of 25.45 and a beta of 3.83. The firm’s 50 day moving average price is $326.41 and its 200-day moving average price is $363.50. Strategy Inc has a one year low of $220.82 and a one year high of $543.00.

Strategy (NASDAQ:MSTR) last posted its earnings results on Thursday, July 31st. The software maker reported $32.60 earnings per share for the quarter, beating the consensus estimate of ($0.12) by $32.72. The firm had revenue of $114.49 million during the quarter, compared to the consensus estimate of $112.68 million. Strategy had a net margin of 1,036.61% and a return on equity of 18.83%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned ($5.74) EPS. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

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.