Strategy Inc $MSTR Stock Position Lowered by Praxis Investment Management Inc.

Praxis Investment Management Inc. lessened its position in Strategy Inc (NASDAQ:MSTR) by 12.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,890 shares of the software maker’s stock after selling 870 shares during the period. Praxis Investment Management Inc.’s holdings in Strategy were worth $2,381,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MSTR. SJS Investment Consulting Inc. grew its holdings in shares of Strategy by 25.8% in the 2nd quarter. SJS Investment Consulting Inc. now owns 117 shares of the software maker’s stock worth $47,000 after acquiring an additional 24 shares during the last quarter. Mutual Advisors LLC grew its holdings in shares of Strategy by 2.0% in the 2nd quarter. Mutual Advisors LLC now owns 1,350 shares of the software maker’s stock worth $548,000 after acquiring an additional 27 shares during the last quarter. Smith Anglin Financial LLC grew its holdings in shares of Strategy by 1.2% in the 2nd quarter. Smith Anglin Financial LLC now owns 2,537 shares of the software maker’s stock worth $1,025,000 after acquiring an additional 30 shares during the last quarter. Magnus Financial Group LLC grew its holdings in shares of Strategy by 0.9% in the 2nd quarter. Magnus Financial Group LLC now owns 3,660 shares of the software maker’s stock worth $1,479,000 after acquiring an additional 32 shares during the last quarter. Finally, Beacon Capital Management LLC grew its holdings in shares of Strategy by 0.8% in the 2nd quarter. Beacon Capital Management LLC now owns 5,176 shares of the software maker’s stock worth $2,092,000 after acquiring an additional 39 shares during the last quarter. Institutional investors own 59.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MSTR. Benchmark restated a “buy” rating on shares of Strategy in a report on Wednesday, August 13th. BTIG Research lifted their price target on Strategy from $620.00 to $700.00 and gave the company a “buy” rating in a report on Friday, August 1st. Wells Fargo & Company reiterated an “equal weight” rating and set a $54.00 price target (down previously from $65.00) on shares of Strategy in a report on Tuesday, September 30th. Cowen reiterated a “buy” rating on shares of Strategy in a report on Wednesday, August 13th. Finally, Mizuho lifted their price target on Strategy from $563.00 to $586.00 and gave the company an “outperform” rating in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Strategy has an average rating of “Moderate Buy” and a consensus price target of $506.93.

Insider Activity

In related news, EVP Wei-Ming Shao sold 30,000 shares of Strategy stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $357.37, for a total transaction of $10,721,100.00. Following the completion of the sale, the executive vice president owned 12,726 shares of the company’s stock, valued at approximately $4,547,890.62. This trade represents a 70.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gregg Winiarski acquired 10,000 shares of Strategy stock in a transaction that occurred on Friday, August 8th. The shares were purchased at an average cost of $97.65 per share, with a total value of $976,500.00. Following the transaction, the director owned 10,000 shares of the company’s stock, valued at approximately $976,500. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 265,474 shares of company stock valued at $24,056,259 and have sold 65,000 shares valued at $24,099,750. Company insiders own 8.46% of the company’s stock.

Strategy Price Performance

MSTR opened at $283.84 on Friday. The stock has a market cap of $80.48 billion, a price-to-earnings ratio of 24.99 and a beta of 3.83. Strategy Inc has a 1 year low of $185.81 and a 1 year high of $543.00. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. The stock has a fifty day moving average price of $337.93 and a 200 day moving average price of $362.34.

Strategy (NASDAQ:MSTR) last released its quarterly earnings data on Thursday, July 31st. The software maker reported $32.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $32.72. The firm had revenue of $114.49 million during the quarter, compared to analysts’ expectations of $112.68 million. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned ($5.74) earnings per share. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Strategy Company Profile

Strategy Incorporated, formerly known as MicroStrategy, provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers Strategy ONE, a platform that allows non-technical users to access novel and actionable insights for decision-making, and Strategy Cloud for Government, which provides always-on threat monitoring designed to meet the strict technical and regulatory standards of governments and financial institutions.