Thryve Wealth Management LLC Takes $931,000 Position in Strategy Inc $MSTR

Thryve Wealth Management LLC purchased a new stake in shares of Strategy Inc (NASDAQ:MSTR) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 6,128 shares of the software maker’s stock, valued at approximately $931,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSTR. Fideuram Asset Management Ireland dac acquired a new position in Strategy in the 4th quarter worth $25,000. Dogwood Wealth Management LLC grew its stake in shares of Strategy by 280.0% during the fourth quarter. Dogwood Wealth Management LLC now owns 190 shares of the software maker’s stock valued at $29,000 after acquiring an additional 140 shares in the last quarter. Wilkerson Advisory Group LLC purchased a new stake in shares of Strategy during the fourth quarter worth about $30,000. Binnacle Investments Inc increased its position in shares of Strategy by 492.9% during the second quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock worth $34,000 after acquiring an additional 69 shares during the last quarter. Finally, Quarry LP lifted its stake in shares of Strategy by 96.8% in the fourth quarter. Quarry LP now owns 246 shares of the software maker’s stock worth $37,000 after acquiring an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Benchmark reissued a “buy” rating on shares of Strategy in a report on Tuesday, June 2nd. B. Riley Financial upped their target price on Strategy from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. TD Cowen increased their target price on Strategy from $395.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Zacks Research downgraded shares of Strategy from a “hold” rating to a “strong sell” rating in a research report on Monday, May 18th. Finally, BTIG Research restated a “buy” rating and issued a $350.00 price target (up from $250.00) on shares of Strategy in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $313.93.

Key Stories Impacting Strategy

Here are the key news stories impacting Strategy this week:

• Negative Sentiment: Director Jarrod M. Patten sold 1,500 shares, reinforcing caution around insider confidence and adding pressure to the stock. SEC filing
• Negative Sentiment: Strategy’s preferred stock STRC fell to a record low, raising fears that the company’s Bitcoin purchase funding model is becoming harder to sustain without more dilution or added dividend strain. Article Title
• Negative Sentiment: Several market reports said traders are increasingly worried Strategy may need to slow Bitcoin buying or eventually sell BTC if dividend obligations and funding pressure worsen. Article Title
• Negative Sentiment: Commentary also pointed to softer crypto conditions and the company’s heavy dependence on share issuance, which continues to weigh on sentiment toward MSTR. Article Title
• Neutral Sentiment: Executive Chairman Michael Saylor defended Strategy’s approach, saying the company is a “shock absorber” for Bitcoin rather than a systemic risk, but that argument has not offset investor concerns. Article Title
• Neutral Sentiment: The company also disclosed a small insider buy by EVP Thomas C. Chow, which is a minor positive signal but unlikely to change the broader market narrative on its own. Article Title

Insider Buying and Selling at Strategy

In other news, CFO Andrew Kang sold 1,949 shares of Strategy stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $123.84, for a total value of $241,364.16. Following the completion of the transaction, the chief financial officer directly owned 71,044 shares of the company’s stock, valued at approximately $8,798,088.96. The trade was a 2.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jarrod M. Patten sold 1,500 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $121.31, for a total transaction of $181,965.00. Following the sale, the director directly owned 28,406 shares of the company’s stock, valued at approximately $3,445,931.86. This represents a 5.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 198,264 shares of company stock valued at $25,880,124 over the last three months. 6.49% of the stock is currently owned by company insiders.

Strategy Trading Down 3.5%

NASDAQ:MSTR opened at $112.53 on Friday. Strategy Inc has a 52 week low of $104.17 and a 52 week high of $457.22. The company has a quick ratio of 6.05, a current ratio of 6.05 and a debt-to-equity ratio of 0.22. The company has a market cap of $39.44 billion, a PE ratio of -2.80 and a beta of 3.49. The business’s 50 day moving average is $153.01 and its two-hundred day moving average is $150.29.

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). The firm had revenue of $124.30 million for the quarter, compared to the consensus estimate of $120.75 million. Strategy had a negative return on equity of 26.97% and a negative net margin of 2,482.01%.The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the business earned ($16.49) earnings per share. On average, analysts predict that Strategy Inc will post 116.7 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.

Founded in 1989 by Michael J.