Strategy Inc $MSTR Shares Acquired by Candriam S.C.A.

Candriam S.C.A. raised its holdings in shares of Strategy Inc (NASDAQ:MSTR) by 87.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,397 shares of the software maker’s stock after purchasing an additional 15,535 shares during the period. Candriam S.C.A.’s holdings in Strategy were worth $5,131,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ethic Inc. increased its position in Strategy by 108.9% during the 3rd quarter. Ethic Inc. now owns 22,015 shares of the software maker’s stock valued at $3,370,000 after buying an additional 11,477 shares in the last quarter. 180 Wealth Advisors LLC boosted its holdings in Strategy by 74.0% in the third quarter. 180 Wealth Advisors LLC now owns 8,438 shares of the software maker’s stock worth $1,292,000 after acquiring an additional 3,589 shares in the last quarter. StoneX Group Inc. acquired a new stake in Strategy in the third quarter worth about $665,000. Pictet Asset Management Holding SA grew its stake in shares of Strategy by 0.8% during the third quarter. Pictet Asset Management Holding SA now owns 108,227 shares of the software maker’s stock worth $16,568,000 after acquiring an additional 813 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Strategy by 27.5% during the third quarter. Parallel Advisors LLC now owns 3,885 shares of the software maker’s stock worth $595,000 after acquiring an additional 837 shares during the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Analysts Set New Price Targets

MSTR has been the topic of several recent analyst reports. Canaccord Genuity Group upped their price objective on shares of Strategy from $175.00 to $179.00 and gave the company a “buy” rating in a report on Tuesday, September 8th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $208.00 target price on shares of Strategy in a research note on Monday. UBS Group reissued a “buy” rating on shares of Strategy in a research report on Friday, July 31st. Zacks Research raised shares of Strategy from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. Finally, Mizuho set a $165.00 price target on shares of Strategy in a research note on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.79.

Insider Buying and Selling

In related news, Director Jarrod Patten sold 4,750 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $141.00, for a total value of $669,750.00. Following the transaction, the director owned 28,406 shares in the company, valued at approximately $4,005,246. This represents a 14.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 14,950 shares of company stock valued at $2,113,106 in the last 90 days. 5.40% of the stock is owned by corporate insiders.

Trending Headlines about 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 debt-to-equity ratio of 0.10, a quick ratio of 4.04 and a current ratio of 4.04. The stock has a 50-day moving average of $144.15 and a two-hundred day moving average of $133.17. The stock has a market cap of $51.14 billion, a P/E ratio of -1.99 and a beta of 3.60. Strategy Inc has a one year low of $81.81 and a one year high of $239.24.

Strategy (NASDAQ:MSTR) last announced its quarterly earnings data on Thursday, October 29th. The software maker reported $44.75 earnings per share for the quarter, beating 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 in the prior year, the company earned $8.42 earnings per share. The company’s revenue was down 2.5% on a year-over-year basis. As a group, research analysts predict that Strategy Inc will post -13.01 EPS for the current year.

Strategy 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.