Strategy Inc $MSTR Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC cut its stake in shares of Strategy Inc (NASDAQ:MSTR) by 27.9% in the third quarter, Holdings Channel.com reports. The fund owned 41,117 shares of the software maker’s stock after selling 15,939 shares during the period. Kestra Advisory Services LLC’s holdings in Strategy were worth $6,295,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC lifted its holdings in shares of Strategy by 0.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 14,162 shares of the software maker’s stock worth $2,168,000 after acquiring an additional 69 shares during the last quarter. V Square Quantitative Management LLC boosted its position in shares of Strategy by 21.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 524 shares of the software maker’s stock worth $80,000 after purchasing an additional 93 shares during the period. Sterling Capital Management LLC increased its holdings in Strategy by 8.1% in the 3rd quarter. Sterling Capital Management LLC now owns 1,315 shares of the software maker’s stock valued at $201,000 after purchasing an additional 98 shares during the last quarter. Rahlfs Capital LLC increased its holdings in Strategy by 4.0% in the 3rd quarter. Rahlfs Capital LLC now owns 2,585 shares of the software maker’s stock valued at $396,000 after purchasing an additional 100 shares during the last quarter. Finally, Weaver Consulting Group increased its holdings in Strategy by 3.4% in the 3rd quarter. Weaver Consulting Group now owns 3,211 shares of the software maker’s stock valued at $492,000 after purchasing an additional 106 shares during the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Strategy

Here are a few of the latest headlines about MSTR:

• Positive Sentiment: Cantor Fitzgerald sees about 66% upside, with a $208 price target, providing a bullish analyst view amid recent share-price weakness. Cantor Fitzgerald Sees 66% Upside in Strategy
• Negative Sentiment: MSCI’s final review list marks Strategy for deletion, with the change taking effect after the November 30 market close. Funds tracking the indexes may sell shares; reports say MSCI-tracking funds hold about $1.6 billion of MSTR, creating potential selling pressure. MSCI confirms Strategy’s removal from indexes
• Negative Sentiment: Bitcoin was reported below Strategy’s average purchase cost, leaving its large holdings underwater at the time of the report. That increases sensitivity to further Bitcoin declines and could complicate future funding decisions. Bitcoin below Strategy’s average cost

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Alliance Global Partners started coverage on Strategy in a research note on Tuesday, September 1st. They issued a “buy” rating and a $217.00 price objective for the company. BTIG Research reiterated a “buy” rating and issued a $250.00 price objective on shares of Strategy in a report on Friday, October 30th. Barclays reissued an “overweight” rating and set a $175.00 target price (up from $160.00) on shares of Strategy in a research note on Friday, October 9th. Benchmark restated a “buy” rating and set a $435.00 target price (down from $570.00) on shares of Strategy in a report on Monday, July 27th. Finally, Mizuho set a $165.00 target price on Strategy in a research report on Monday, August 10th. Two 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 assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $244.79.

Strategy Price Performance

Shares of NASDAQ MSTR opened at $122.35 on Thursday. The stock’s 50-day simple moving average is $144.10 and its 200-day simple moving average is $132.97. The firm has a market capitalization of $51.68 billion, a PE ratio of -2.01 and a beta of 3.60. Strategy Inc has a fifty-two week low of $81.81 and a fifty-two week high of $234.84. 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 (NASDAQ:MSTR) last issued its earnings results on Thursday, October 29th. The software maker reported $44.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $20.19 by $24.56. Strategy had a negative net margin of 2,760.33% and a negative return on equity of 32.71%. The business 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 business posted $8.42 EPS. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. As a group, equities research analysts forecast that Strategy Inc will post -13.01 EPS for the current fiscal year.

Insider Activity

In other news, Director Jarrod Patten sold 4,750 shares of the business’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $141.00, for a total value of $669,750.00. Following the completion of the sale, the director directly owned 28,406 shares of the company’s stock, valued at approximately $4,005,246. The trade was a 14.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 14,950 shares of company stock worth $2,113,106 over the last 90 days. Company insiders own 5.40% of the company’s stock.

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.