Geode Capital Management LLC Decreases Stock Holdings in Strategy Inc $MSTR

Geode Capital Management LLC lessened its holdings in Strategy Inc (NASDAQ:MSTR) by 14.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,521,664 shares of the software maker’s stock after selling 614,225 shares during the quarter. Geode Capital Management LLC’s holdings in Strategy were worth $1,418,615,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. MCF Advisors LLC acquired a new stake in Strategy during the 2nd quarter worth $35,000. Maseco LLP acquired a new stake in shares of Strategy during the second quarter worth about $36,000. SJS Investment Consulting Inc. lifted its holdings in shares of Strategy by 25.8% in the 2nd quarter. SJS Investment Consulting Inc. now owns 117 shares of the software maker’s stock valued at $47,000 after purchasing an additional 24 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Strategy by 57.3% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 118 shares of the software maker’s stock valued at $48,000 after purchasing an additional 43 shares during the period. Finally, AlphaQuest LLC grew its stake in Strategy by 454.5% during the 2nd quarter. AlphaQuest LLC now owns 122 shares of the software maker’s stock worth $49,000 after buying an additional 100 shares during the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Canaccord Genuity Group boosted their price objective on Strategy from $464.00 to $474.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Cantor Fitzgerald cut their target price on shares of Strategy from $697.00 to $560.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. TD Cowen reduced their price target on shares of Strategy from $620.00 to $535.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Wells Fargo & Company reiterated an “equal weight” rating and set a $54.00 price target (down previously from $65.00) on shares of Strategy in a research note on Tuesday, September 30th. Finally, Monness Crespi & Hardt raised shares of Strategy from a “sell” rating to a “neutral” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $485.80.

Insiders Place Their Bets

In other news, Director Jarrod M. Patten purchased 12,000 shares of the firm’s stock in a transaction dated Friday, October 17th. The shares were acquired at an average price of $96.88 per share, with a total value of $1,162,560.00. Following the purchase, the director directly owned 29,335 shares of the company’s stock, valued at $2,841,974.80. The trade was a 69.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Wei-Ming Shao sold 30,000 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president owned 12,726 shares in the company, valued at approximately $4,547,890.62. This represents a 70.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have purchased 36,399 shares of company stock worth $3,539,220 in the last ninety days. 8.46% of the stock is currently owned by corporate insiders.

Strategy Trading Down 2.9%

NASDAQ MSTR opened at $224.61 on Thursday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $64.54 billion, a P/E ratio of 19.77 and a beta of 3.87. Strategy Inc has a 52-week low of $219.68 and a 52-week high of $543.00. The firm has a 50-day moving average price of $303.70 and a 200 day moving average price of $358.08.

Strategy (NASDAQ:MSTR) last announced its quarterly earnings data on Thursday, October 30th. The software maker reported $8.42 earnings per share for the quarter, beating analysts’ consensus estimates of $7.90 by $0.52. The company had revenue of $128.69 million for the quarter, compared to analyst estimates of $116.76 million. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($1.56) 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.