SLT Holdings LLC Reduces Position in Strategy Inc $MSTR

SLT Holdings LLC cut its holdings in shares of Strategy Inc (NASDAQ:MSTR) by 34.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,719 shares of the software maker’s stock after selling 884 shares during the quarter. SLT Holdings LLC’s holdings in Strategy were worth $695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Strategy by 27.4% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 528,850 shares of the software maker’s stock valued at $152,452,000 after buying an additional 113,752 shares during the last quarter. Correct Capital Wealth Management boosted its position in shares of Strategy by 12.4% during the first quarter. Correct Capital Wealth Management now owns 188,463 shares of the software maker’s stock valued at $54,328,000 after buying an additional 20,790 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of 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 valued at $50,791,000 after buying an additional 54,144 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Strategy by 26.7% during the second 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 during the last quarter. Finally, Mn Services Vermogensbeheer B.V. purchased a new stake in shares of Strategy during the second quarter valued at $37,391,000. 59.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. BTIG Research increased their target price on Strategy from $620.00 to $700.00 and gave the company a “buy” rating in a report on Friday, August 1st. Canaccord Genuity Group reissued a “buy” rating and issued a $464.00 target price on shares of Strategy in a report on Tuesday, August 26th. Wells Fargo & Company reissued an “equal weight” rating and issued a $54.00 target price (down previously from $65.00) on shares of Strategy in a report on Tuesday, September 30th. Mizuho increased their target price on Strategy from $563.00 to $586.00 and gave the company an “outperform” rating in a report on Monday, August 11th. Finally, Monness Crespi & Hardt increased their target price 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, eleven have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $509.54.

Insider Transactions at Strategy

In related news, Director Jarrod M. Patten acquired 5,555 shares of the firm’s stock in a transaction dated Tuesday, July 29th. The shares were purchased at an average price of $90.00 per share, with a total value of $499,950.00. Following the completion of the purchase, the director directly owned 5,555 shares of the company’s stock, valued at $499,950. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregg Winiarski acquired 10,000 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was bought at an average cost of $97.65 per share, for a total transaction of $976,500.00. Following the purchase, the director directly owned 10,000 shares of the company’s stock, valued at approximately $976,500. This trade represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 265,474 shares of company stock valued at $24,056,259 and have sold 75,900 shares valued at $28,992,651. 8.46% of the stock is owned by corporate insiders.

Strategy Stock Down 4.8%

NASDAQ MSTR opened at $304.79 on Friday. The stock’s 50-day moving average price is $345.00 and its 200-day moving average price is $362.58. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. Strategy Inc has a 52 week low of $185.81 and a 52 week high of $543.00. The company has a market capitalization of $86.42 billion, a P/E ratio of 26.83 and a beta of 3.83.

Strategy (NASDAQ:MSTR) last posted its quarterly earnings data on Thursday, July 31st. The software maker reported $32.60 EPS for the quarter, topping the consensus estimate of ($0.12) by $32.72. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.The firm had revenue of $114.49 million for the quarter, compared to the consensus estimate of $112.68 million. During the same quarter last year, the company earned ($5.74) earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. 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.