Strategy Inc $MSTR Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC grew its stake in shares of Strategy Inc (NASDAQ:MSTR) by 188.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,878 shares of the software maker’s stock after purchasing an additional 8,418 shares during the quarter. Venturi Wealth Management LLC’s holdings in Strategy were worth $1,607,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Federated Hermes Inc. purchased a new position in shares of Strategy in the 2nd quarter valued at $396,000. Cary Street Partners Financial LLC purchased a new stake in Strategy in the second quarter valued at $202,000. Sei Investments Co. lifted its position in Strategy by 136.0% in the second quarter. Sei Investments Co. now owns 39,905 shares of the software maker’s stock valued at $16,125,000 after acquiring an additional 22,999 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Strategy by 59.4% in the second quarter. The Manufacturers Life Insurance Company now owns 19,215 shares of the software maker’s stock valued at $7,767,000 after acquiring an additional 7,158 shares in the last quarter. Finally, Peapack Gladstone Financial Corp boosted its stake in Strategy by 22.0% in the second quarter. Peapack Gladstone Financial Corp now owns 3,055 shares of the software maker’s stock valued at $1,235,000 after acquiring an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Wall Street Analyst Weigh In

MSTR has been the topic of a number of research analyst reports. Benchmark reiterated a “buy” rating on shares of Strategy in a research report on Tuesday, June 2nd. BTIG Research reissued a “buy” rating and issued a $350.00 target price (up from $250.00) on shares of Strategy in a research report on Wednesday, May 6th. Texas Capital upgraded Strategy to a “strong-buy” rating in a research note on Thursday, March 19th. Canaccord Genuity Group set a $163.00 price target on Strategy and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Finally, B. Riley Financial boosted their price objective on Strategy from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $313.93.

Strategy Price Performance

Shares of MSTR opened at $82.31 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 6.05 and a current ratio of 6.05. Strategy Inc has a fifty-two week low of $81.81 and a fifty-two week high of $457.22. The firm has a 50-day simple moving average of $148.78 and a 200-day simple moving average of $147.02. The company has a market capitalization of $28.85 billion, a price-to-earnings ratio of -2.05 and a beta of 3.49.

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

Insider Buying and Selling at Strategy

In related news, CEO Phong Le sold 93,738 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $118.73, for a total transaction of $11,129,512.74. Following the completion of the sale, the chief executive officer directly owned 119,925 shares of the company’s stock, valued at $14,238,695.25. This trade represents a 43.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jarrod M. Patten sold 15,050 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $154.94, for a total value of $2,331,847.00. Following the sale, the director directly owned 28,000 shares of the company’s stock, valued at approximately $4,338,320. This represents a 34.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have purchased 11,166 shares of company stock worth $1,014,265 and have sold 193,622 shares worth $25,189,621. Company insiders own 6.49% of the company’s stock.

More Strategy News

Here are the key news stories impacting Strategy this week:

• Negative Sentiment: Bitcoin’s drop below key levels has dragged Strategy lower, since MSTR trades largely as a leveraged proxy for the cryptocurrency and has been hit hard as crypto sentiment weakens. Article Title
• Negative Sentiment: Commentary and analyst warnings are raising concerns that Strategy should pause Bitcoin purchases and rebuild cash reserves, which suggests its current capital structure may be too aggressive for the recent crypto downturn. Article Title
• Negative Sentiment: Strategy’s STRC preferred stock has fallen below par, fueling investor concern about dividend coverage, dilution risk, and whether the company may eventually need to slow its Bitcoin accumulation or sell holdings to manage obligations. Article Title
• Negative Sentiment: Rosen Law Firm’s securities investigation into Strategy is adding another overhang, increasing uncertainty around disclosure practices and potentially keeping pressure on the shares. Article Title
• Neutral Sentiment: Some bulls still argue the stock is approaching a more attractive entry point after the selloff, but that view has not yet offset the broader bearish pressure from Bitcoin weakness and financing concerns. Article Title

Strategy Company 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.