Vise Technologies Inc. Makes New Investment in Strategy Inc $MSTR

Vise Technologies Inc. bought a new stake in Strategy Inc (NASDAQ:MSTR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,849 shares of the software maker’s stock, valued at approximately $742,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Handelsbanken Fonder AB boosted its position in shares of Strategy by 28.8% during the 2nd quarter. Handelsbanken Fonder AB now owns 106,522 shares of the software maker’s stock valued at $9,260,000 after purchasing an additional 23,829 shares in the last quarter. Venture Visionary Partners LLC acquired a new stake in Strategy during the third quarter worth approximately $1,697,000. Nykredit A S bought a new stake in Strategy in the second quarter worth approximately $2,383,000. WINTON GROUP Ltd bought a new stake in Strategy in the second quarter worth approximately $826,000. Finally, Bank of America Corp DE increased its holdings in Strategy by 3.1% in the first quarter. Bank of America Corp DE now owns 3,965,680 shares of the software maker’s stock worth $494,917,000 after purchasing an additional 117,374 shares in the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

Strategy Stock Down 3.6%

MSTR stock opened at $121.07 on Wednesday. The stock’s 50 day simple moving average is $144.15 and its 200 day simple moving average is $133.17. The company has a market cap of $51.14 billion, a P/E ratio of -1.99 and a beta of 3.60. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.04 and a current ratio of 4.04. Strategy Inc has a fifty-two week low of $81.81 and a fifty-two week high of $239.24.

Strategy (NASDAQ:MSTR) last issued its earnings results on Thursday, October 29th. The software maker reported $44.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $127.76 million. During the same period last year, the business earned $8.42 EPS. Strategy’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, research analysts expect that Strategy Inc will post -13.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Strategy news, Director Jarrod Patten sold 4,750 shares of the company’s stock in a transaction 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 transaction, the director owned 28,406 shares in the company, valued at approximately $4,005,246. This represents a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 14,950 shares of company stock worth $2,113,106 in the last 90 days. Corporate insiders own 5.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on MSTR shares. Wall Street Zen upgraded Strategy from a “sell” rating to a “hold” rating in a report on Saturday. Alliance Global Partners assumed coverage on shares of Strategy in a research report on Tuesday, September 1st. They set a “buy” rating and a $217.00 price objective for the company. Mizuho set a $165.00 price objective on shares of Strategy in a research note on Monday, August 10th. B. Riley Financial dropped 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. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $208.00 target price on shares of Strategy in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Strategy presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.79.

Key Headlines 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

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.