Howe & Rusling Inc. Trims Stock Position in Strategy Inc $MSTR

Howe & Rusling Inc. decreased its stake in Strategy Inc (NASDAQ:MSTR) by 95.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,070 shares of the software maker’s stock after selling 20,252 shares during the period. Howe & Rusling Inc.’s holdings in Strategy were worth $432,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co grew its holdings in shares of Strategy by 9.9% during the second quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co now owns 11,597 shares of the software maker’s stock worth $4,549,000 after purchasing an additional 1,046 shares during the last quarter. Wealthspire Advisors LLC boosted its position in shares of Strategy by 10.5% in the 2nd quarter. Wealthspire Advisors LLC now owns 2,289 shares of the software maker’s stock valued at $925,000 after purchasing an additional 217 shares during the period. Pin Oak Investment Advisors Inc. grew its stake in Strategy by 39.3% during the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 791 shares of the software maker’s stock worth $320,000 after buying an additional 223 shares during the last quarter. Pinnacle Wealth Planning Services Inc. purchased a new position in Strategy during the 2nd quarter worth approximately $213,000. Finally, Frank Rimerman Advisors LLC increased its position in Strategy by 95.1% during the second quarter. Frank Rimerman Advisors LLC now owns 2,376 shares of the software maker’s stock worth $960,000 after buying an additional 1,158 shares during the period. 59.84% of the stock is owned by hedge funds and other institutional investors.

Strategy Stock Down 5.0%

Shares of Strategy stock opened at $177.13 on Friday. The company has a market cap of $50.90 billion, a P/E ratio of 15.59 and a beta of 3.87. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. Strategy Inc has a one year low of $171.48 and a one year high of $543.00. The firm has a fifty day moving average of $287.69 and a two-hundred day moving average of $350.50.

Strategy (NASDAQ:MSTR) last issued its earnings results on Thursday, October 30th. The software maker reported $8.42 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $8.52. The business had revenue of $128.69 million for the quarter, compared to the consensus estimate of $116.65 million. Strategy had a net margin of 1,036.61% and a return on equity of 18.83%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.56) earnings per share. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insider Buying and Selling

In other Strategy news, Director Jarrod M. Patten purchased 12,000 shares of Strategy stock in a transaction dated Friday, October 17th. The stock was acquired at an average cost of $96.88 per share, with a total value of $1,162,560.00. Following the acquisition, the director directly owned 29,335 shares of the company’s stock, valued at $2,841,974.80. This represents a 69.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Wei-Ming Shao sold 2,600 shares of the stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $202.02, for a total value of $525,252.00. Following the completion of the transaction, the executive vice president owned 32,726 shares of the company’s stock, valued at $6,611,306.52. The trade was a 7.36% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders acquired 36,399 shares of company stock worth $3,539,220 and sold 53,177 shares worth $17,122,166. 8.46% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MSTR shares. 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 target price on the stock. Citigroup initiated coverage on shares of Strategy in a research note on Tuesday, October 21st. They set a “buy” rating and a $485.00 price target for the company. Canaccord Genuity Group lifted their price objective on shares of Strategy from $464.00 to $474.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Strategy in a report on Wednesday, October 8th. Finally, Monness Crespi & Hardt raised Strategy from a “sell” rating to a “neutral” rating in a report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $485.80.

Strategy Company 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.