KBC Group NV Has $8.53 Million Stock Holdings in Strategy Inc $MSTR

KBC Group NV trimmed its position in Strategy Inc (NASDAQ:MSTR) by 78.1% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 68,352 shares of the software maker’s stock after selling 243,272 shares during the period. KBC Group NV’s holdings in Strategy were worth $8,531,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in MSTR. Binnacle Investments Inc lifted its stake in shares of Strategy by 492.9% during the second quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock valued at $34,000 after acquiring an additional 69 shares during the period. Wealth Watch Advisors INC bought a new stake in Strategy during the 3rd quarter worth about $44,000. Fideuram Asset Management Ireland dac bought a new stake in Strategy during the 4th quarter worth about $25,000. Dogwood Wealth Management LLC lifted its position in Strategy by 280.0% during the 4th quarter. Dogwood Wealth Management LLC now owns 190 shares of the software maker’s stock valued at $29,000 after purchasing an additional 140 shares during the period. Finally, Darwin Wealth Management LLC bought a new position in shares of Strategy in the 2nd quarter valued at about $77,000. 59.84% of the stock is owned by institutional investors and hedge funds.

Strategy Price Performance

Shares of MSTR opened at $100.01 on Thursday. The stock has a 50 day simple moving average of $120.77 and a 200 day simple moving average of $138.10. Strategy Inc has a 52-week low of $81.81 and a 52-week high of $424.00. The company has a debt-to-equity ratio of 0.22, a quick ratio of 6.05 and a current ratio of 6.05. The firm has a market capitalization of $35.05 billion, a PE ratio of -2.49 and a beta of 3.54.

Strategy (NASDAQ:MSTR) last announced its earnings results on Tuesday, May 5th. The software maker reported ($38.25) EPS for the quarter, missing the consensus estimate of ($0.86) by ($37.39). Strategy had a negative return on equity of 26.97% and a negative net margin of 2,482.01%.The company had revenue of $124.30 million for the quarter, compared to analyst estimates of $120.75 million. During the same quarter last year, the business posted ($16.49) earnings per share. The business’s quarterly revenue was up 11.9% on a year-over-year basis. Sell-side analysts predict that Strategy Inc will post 57.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. BTIG Research lowered their price target on shares of Strategy from $350.00 to $250.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. B. Riley Financial raised their price objective on shares of Strategy from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Mizuho dropped their target price on shares of Strategy from $265.00 to $213.00 and set an “outperform” rating for the company in a research report on Tuesday, July 7th. Barclays began coverage on Strategy in a research note on Tuesday, July 7th. They issued an “overweight” rating and a $130.00 price target on the stock. Finally, Citigroup restated a “buy” rating and issued a $136.00 price target (down from $260.00) on shares of Strategy in a research report on Tuesday, June 30th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $266.31.

Insider Activity at Strategy

In related news, CEO Phong Le bought 11,000 shares of Strategy stock in a transaction that occurred on Monday, June 22nd. The stock was purchased at an average cost of $90.80 per share, with a total value of $998,800.00. Following the purchase, the chief executive officer owned 11,000 shares in the company, valued at approximately $998,800. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrew Kang sold 1,949 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $123.84, for a total value of $241,364.16. Following the transaction, the chief financial officer owned 71,044 shares of the company’s stock, valued at approximately $8,798,088.96. This trade represents a 2.67% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders purchased 11,166 shares of company stock worth $1,014,265 and sold 181,522 shares worth $23,448,502. Corporate insiders own 6.49% of the company’s stock.

Key Strategy News

Here are the key news stories impacting Strategy this week:

• Negative Sentiment: Strategy disclosed it sold 2.73 million Class A shares, raising about $263.5 million, which increases dilution concerns for existing shareholders. Why Strategy (MSTR) Stock Is Down Today
• Negative Sentiment: The company reported that it did not purchase any Bitcoin in the July 13–19 period, disappointing investors who expect equity raises to be used to expand BTC holdings. Strategy (MSTR) Stock Drops 3%—What Triggered It?
• Negative Sentiment: Bitcoin weakness is adding to the selloff, and because MSTR trades like a leveraged proxy for BTC, crypto moves continue to have an outsized impact on the stock. Crypto Equities HOOD, COIN, MSTR Slide With Broader Market After Oil Hits Five-Week High
• Negative Sentiment: Recent headlines also highlight that Strategy paused Bitcoin purchases for a fourth straight week, reinforcing concerns that the company is shifting from accumulation to reserve management. Strategy Skips Bitcoin Purchases Despite $263.5M MSTR Share Sale

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.

Founded in 1989 by Michael J.