Strategy Inc $MSTR Stock Purchased by Ethic Inc.

Ethic Inc. grew its position in Strategy Inc (NASDAQ:MSTR) by 108.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 22,015 shares of the software maker’s stock after acquiring an additional 11,477 shares during the period. Ethic Inc.’s holdings in Strategy were worth $3,370,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Root Financial Partners LLC bought a new stake in Strategy during the 3rd quarter worth $38,000. Ancora Advisors LLC raised its position in Strategy by 111.7% in the second quarter. Ancora Advisors LLC now owns 290 shares of the software maker’s stock valued at $25,000 after purchasing an additional 153 shares during the last quarter. Continuum Advisory LLC bought a new position in Strategy in the second quarter valued at about $26,000. Rosenberg Matthew Hamilton bought a new position in Strategy in the third quarter valued at about $52,000. Finally, Quintet Private Bank Europe S.A. boosted its stake in shares of Strategy by 100.0% during the third quarter. Quintet Private Bank Europe S.A. now owns 350 shares of the software maker’s stock valued at $54,000 after purchasing an additional 175 shares in the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

Insider Buying and Selling

In other Strategy 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 transaction of $669,750.00. Following the completion of the sale, the director owned 28,406 shares of the company’s stock, valued at approximately $4,005,246. This represents a 14.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 14,950 shares of company stock valued at $2,113,106 in the last quarter. Corporate insiders own 5.40% of the company’s stock.

Key Stories Impacting 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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. HC Wainwright restated a “buy” rating and set a $250.00 price target on shares of Strategy in a report on Friday, October 30th. Citigroup reiterated a “buy” rating and issued a $240.00 price objective (up from $136.00) on shares of Strategy in a report on Friday, October 2nd. B. Riley Financial cut their target price on shares of Strategy from $195.00 to $180.00 and set a “buy” rating on the stock in a research report on Tuesday, November 3rd. Cantor Fitzgerald reiterated an “overweight” rating and set a $208.00 target price on shares of Strategy in a research report on Monday. Finally, Canaccord Genuity Group boosted their target price on shares of Strategy from $175.00 to $179.00 and gave the stock a “buy” rating in a report on Tuesday, September 8th. 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $244.79.

Strategy Trading Down 3.6%

NASDAQ MSTR opened at $121.07 on Wednesday. The business’s 50-day moving average price is $144.15 and its two-hundred day moving average price is $133.17. Strategy Inc has a 12 month low of $81.81 and a 12 month high of $239.24. The firm has a market capitalization of $51.14 billion, a PE ratio of -1.99 and a beta of 3.60. The company has a current ratio of 4.04, a quick ratio of 4.04 and a debt-to-equity ratio of 0.10.

Strategy (NASDAQ:MSTR) last issued its quarterly earnings results on Thursday, October 29th. The software maker reported $44.75 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $125.43 million during the quarter, compared to analysts’ expectations of $127.76 million. During the same quarter in the prior year, the firm posted $8.42 earnings per share. The business’s quarterly revenue was down 2.5% on a year-over-year basis. On average, analysts expect that Strategy Inc will post -13.01 EPS for the current year.

About Strategy

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.