ProShare Advisors LLC Boosts Stock Position in Strategy Inc $MSTR

ProShare Advisors LLC increased its stake in shares of Strategy Inc (NASDAQ:MSTR) by 45.7% in the fourth quarter, HoldingsChannel reports. The firm owned 417,790 shares of the software maker’s stock after buying an additional 131,014 shares during the quarter. ProShare Advisors LLC’s holdings in Strategy were worth $63,483,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. McIlrath & Eck LLC increased its position in Strategy by 3.8% during the 2nd quarter. McIlrath & Eck LLC now owns 1,246 shares of the software maker’s stock worth $504,000 after purchasing an additional 46 shares in the last quarter. Mill Creek Capital Advisors LLC increased its position in Strategy by 2.8% during the 3rd quarter. Mill Creek Capital Advisors LLC now owns 1,748 shares of the software maker’s stock worth $563,000 after purchasing an additional 48 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd increased its position in Strategy by 31.3% during the 3rd quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 210 shares of the software maker’s stock worth $68,000 after purchasing an additional 50 shares in the last quarter. Angeles Wealth Management LLC grew its stake in Strategy by 6.2% in the 3rd quarter. Angeles Wealth Management LLC now owns 893 shares of the software maker’s stock worth $288,000 after acquiring an additional 52 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. grew its stake in Strategy by 0.6% in the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 9,533 shares of the software maker’s stock worth $3,061,000 after acquiring an additional 53 shares during the period. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Strategy Stock Down 1.2%

MSTR opened at $164.63 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.05 and a quick ratio of 6.05. The stock has a market capitalization of $57.69 billion, a price-to-earnings ratio of -4.10 and a beta of 3.59. The business has a 50-day moving average of $151.27 and a two-hundred day moving average of $162.03. Strategy Inc has a 12 month low of $104.17 and a 12 month high of $457.22.

Strategy (NASDAQ:MSTR) last announced its quarterly earnings data 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). Strategy had a negative net margin of 2,482.01% and a negative return on equity of 26.97%. The company had revenue of $124.30 million for the quarter, compared to analysts’ expectations of $120.75 million. During the same period in the prior year, the firm earned ($16.49) earnings per share. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. On average, research analysts expect that Strategy Inc will post 116.7 earnings per share for the current year.

Insider Activity

In other news, Director Jarrod M. Patten sold 1,500 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $190.85, for a total transaction of $286,275.00. Following the completion of the sale, the director directly owned 28,000 shares of the company’s stock, valued at $5,343,800. The trade was a 5.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have sold 30,702 shares of company stock worth $4,707,839. 6.49% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have commented on MSTR shares. Texas Capital raised shares of Strategy to a “strong-buy” rating in a research note on Thursday, March 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Strategy in a research note on Friday, March 27th. HC Wainwright reaffirmed a “buy” rating on shares of Strategy in a research note on Friday, February 6th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Strategy in a research note on Monday, May 11th. Finally, Wall Street Zen cut Strategy from a “hold” rating to a “sell” rating in a report on Sunday, February 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $322.21.

Strategy News Summary

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: TD Cowen raised its price target on Strategy to $400 from $395 and reiterated a Buy rating, citing continued Bitcoin accumulation and upside in the company’s treasury strategy. Article Title
• Positive Sentiment: Strategy disclosed a massive Bitcoin purchase of 24,869 BTC for about $2.01 billion, lifting holdings to 843,738 BTC and reinforcing its position as the largest public corporate Bitcoin holder. Article Title
• Positive Sentiment: Several reports highlighted strong investor interest in the company’s aggressive Bitcoin accumulation and the possibility that the strategy could support future share-price appreciation if Bitcoin rebounds. Article Title
• Neutral Sentiment: Jarrod Patten, a Strategy director, sold 1,500 shares, which adds a small insider-overhang headline but is not large enough on its own to change the core thesis. Article Title
• Neutral Sentiment: Management said it may repurchase $1.5 billion of convertible notes and could potentially fund that with Bitcoin sales, signaling a more flexible capital structure but also a shift away from the prior “never sell” stance. Article Title
• Negative Sentiment: Bitcoin fell sharply and crypto liquidations surged, weighing on Strategy because MSTR behaves like a leveraged proxy for BTC and tends to move with the coin. Article Title
• Negative Sentiment: Some investors view the convertible debt buyback and possible Bitcoin sales as adding balance-sheet risk, which is pressuring the stock in the near term. 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.