J. Derek Lewis & Associates Inc. Takes $1.03 Million Position in Strategy Inc $MSTR

J. Derek Lewis & Associates Inc. bought a new position in Strategy Inc (NASDAQ:MSTR) in the 4th quarter, Holdings Channel reports. The firm bought 6,753 shares of the software maker’s stock, valued at approximately $1,026,000.

A number of other large investors have also recently made changes to their positions in MSTR. Fideuram Asset Management Ireland dac bought a new position in Strategy during the 4th quarter valued at about $25,000. Dogwood Wealth Management LLC lifted its stake in Strategy by 280.0% in the fourth quarter. Dogwood Wealth Management LLC now owns 190 shares of the software maker’s stock worth $29,000 after purchasing an additional 140 shares during the last quarter. Wilkerson Advisory Group LLC bought a new stake in Strategy in the fourth quarter worth about $30,000. Binnacle Investments Inc boosted 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 valued at $34,000 after buying an additional 69 shares during the period. Finally, Quarry LP boosted its position in shares of Strategy by 96.8% during the fourth quarter. Quarry LP now owns 246 shares of the software maker’s stock valued at $37,000 after buying an additional 121 shares during the period. 59.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MSTR has been the topic of a number of analyst reports. Canaccord Genuity Group set a $163.00 target price on Strategy and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Strategy in a research note on Friday, March 27th. TD Cowen boosted their price objective on Strategy from $395.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. Benchmark reaffirmed a “buy” rating on shares of Strategy in a research report on Tuesday, June 2nd. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Strategy in a research note on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $313.93.

Strategy Price Performance

Shares of MSTR opened at $112.53 on Friday. 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 company has a 50 day moving average price of $152.69 and a 200-day moving average price of $150.03. Strategy Inc has a fifty-two week low of $104.17 and a fifty-two week high of $457.22. The stock has a market capitalization of $39.44 billion, a PE ratio of -2.80 and a beta of 3.49.

Strategy (NASDAQ:MSTR) last issued 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 business had revenue of $124.30 million for the quarter, compared to analysts’ expectations of $120.75 million. Strategy had a negative net margin of 2,482.01% and a negative return on equity of 26.97%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($16.49) earnings per share. Equities analysts predict that Strategy Inc will post 116.7 earnings per share for the current fiscal year.

Trending Headlines about Strategy

Here are the key news stories impacting Strategy this week:

• Negative Sentiment: Director Jarrod Patten sold 1,500 shares of Strategy, a move that can weigh on sentiment when investors are already worried about the stock’s recent volatility and the company’s financing strategy. Article Title
• Negative Sentiment: Strategy’s preferred stock, STRC, fell to record lows, renewing fears that the company may have a harder time funding future Bitcoin purchases without more dilution or pressure on dividend obligations. Article Title
• Negative Sentiment: Multiple reports said weak STRC pricing is raising concerns about Strategy’s monthly dividend burden and whether its Bitcoin-buying engine can keep operating at the same pace. Article Title
• Negative Sentiment: Bitcoin’s broader weakness, including a large options expiry and hawkish macro fears, is adding to pressure on MSTR because the stock trades as a leveraged proxy for Bitcoin sentiment. Article Title
• Neutral Sentiment: Michael Saylor continued defending Strategy’s Bitcoin model, but his comments have not yet eased market worries about funding, leverage, and dilution. Article Title
• Neutral Sentiment: Strategy also disclosed a modest Bitcoin purchase, which supports its treasury narrative but has been overshadowed by concerns around financing and preferred-share weakness. Article Title

Insider Buying and Selling

In other news, CEO Phong Le sold 5,522 shares of Strategy stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $123.84, for a total value of $683,844.48. Following the transaction, the chief executive officer directly owned 126,323 shares in the company, valued at approximately $15,643,840.32. This trade represents a 4.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Andrew Kang sold 1,949 shares of Strategy stock in a transaction on 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 owned 71,044 shares in the company, valued at $8,798,088.96. This represents a 2.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 198,264 shares of company stock worth $25,880,124 over the last quarter. Insiders own 6.49% 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.

Founded in 1989 by Michael J.