Pinnacle Associates Ltd. Acquires 5,941 Shares of Strategy Inc $MSTR

Pinnacle Associates Ltd. increased its holdings in shares of Strategy Inc (NASDAQ:MSTR) by 123.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 10,746 shares of the software maker’s stock after buying an additional 5,941 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Strategy were worth $1,633,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rhumbline Advisers boosted its position in Strategy by 16.1% in the third quarter. Rhumbline Advisers now owns 313,565 shares of the software maker’s stock worth $101,034,000 after purchasing an additional 43,509 shares during the last quarter. Schroder Investment Management Group boosted its position in Strategy by 21.0% in the third quarter. Schroder Investment Management Group now owns 118,478 shares of the software maker’s stock worth $38,175,000 after purchasing an additional 20,536 shares during the last quarter. Van ECK Associates Corp boosted its position in Strategy by 46.1% in the third quarter. Van ECK Associates Corp now owns 204,506 shares of the software maker’s stock worth $65,894,000 after purchasing an additional 64,482 shares during the last quarter. Harvest Portfolios Group Inc. boosted its position in Strategy by 119.0% in the third quarter. Harvest Portfolios Group Inc. now owns 1,550,520 shares of the software maker’s stock worth $499,593,000 after purchasing an additional 842,480 shares during the last quarter. Finally, Shariaportfolio Inc. boosted its position in Strategy by 18.1% in the third quarter. Shariaportfolio Inc. now owns 106,492 shares of the software maker’s stock worth $34,313,000 after purchasing an additional 16,354 shares during the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Insider Transactions at Strategy

In other news, CFO Andrew Kang sold 2,373 shares of the firm’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $138.33, for a total value of $328,257.09. Following the completion of the transaction, the chief financial officer directly owned 26,772 shares of the company’s stock, valued at $3,703,370.76. This trade represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jarrod M. Patten sold 3,400 shares of the firm’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $130.65, for a total value of $444,210.00. Following the completion of the transaction, the director directly owned 28,000 shares of the company’s stock, valued at $3,658,200. The trade was a 10.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 29,202 shares of company stock valued at $4,421,564 over the last three months. Company insiders own 6.49% of the company’s stock.

Strategy News Summary

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Strategy announced a $1.5 billion debt buyback, which could reduce leverage and simplify the capital structure. The company is also continuing to use its preferred-stock funding model to support further Bitcoin purchases. Article Title
• Positive Sentiment: Supportive headlines from the crypto sector, including renewed optimism after U.S. crypto legislation advanced, helped lift sentiment around Bitcoin-linked stocks earlier in the week. Article Title
• Neutral Sentiment: Institutional and political-ownership headlines, including reports that the Trump trust bought MSTR shares in Q1, may provide some validation for the stock, but they do not change Strategy’s operating fundamentals. Article Title
• Negative Sentiment: Several reports say Jane Street sharply reduced its MSTR position, a sign that a major institutional holder is becoming less enthusiastic about the stock. Article Title
• Negative Sentiment: Prediction-market odds that Strategy could sell Bitcoin this year rose after Michael Saylor said BTC sales could be used to cover dividends, challenging the company’s long-standing “never sell” narrative and pressuring investor sentiment. Article Title
• Negative Sentiment: Analysts and commentators flagged fair-value pressure, Bitcoin volatility, and unrealized losses as ongoing balance-sheet risks, reinforcing concerns that MSTR remains highly exposed to crypto swings. Article Title

Strategy Price Performance

Shares of NASDAQ MSTR opened at $177.42 on Friday. The stock has a fifty day simple moving average of $150.11 and a two-hundred day simple moving average of $164.56. Strategy Inc has a 1-year low of $104.17 and a 1-year high of $457.22. The firm has a market cap of $62.18 billion, a price-to-earnings ratio of -4.42 and a beta of 3.59. The company has a current ratio of 6.05, a quick ratio of 5.62 and a debt-to-equity ratio of 0.22.

Strategy (NASDAQ:MSTR) last announced its quarterly earnings data on Tuesday, May 5th. The software maker reported ($38.25) earnings per share 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 firm had revenue of $124.30 million for the quarter, compared to the consensus estimate of $120.75 million. During the same period last year, the company posted ($16.49) earnings per share. Strategy’s revenue for the quarter was up 11.9% on a year-over-year basis. Analysts anticipate that Strategy Inc will post 116.7 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on MSTR shares. Benchmark cut their price objective on Strategy from $705.00 to $570.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Zacks Research cut Strategy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. TD Cowen reissued a “buy” rating and set a $395.00 price objective (up from $385.00) on shares of Strategy in a report on Thursday, May 7th. Wall Street Zen lowered Strategy from a “hold” rating to a “sell” rating in a report on Sunday, February 8th. Finally, B. Riley Financial increased their price objective on Strategy from $200.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Strategy presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.86.

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.