Wedbush Securities Inc. Decreases Stock Holdings in Strategy Inc $MSTR

Wedbush Securities Inc. lowered its stake in Strategy Inc (NASDAQ:MSTR) by 3.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 10,187 shares of the software maker’s stock after selling 316 shares during the period. Wedbush Securities Inc.’s holdings in Strategy were worth $4,118,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Harvest Portfolios Group Inc. boosted its stake in shares of Strategy by 181.8% in the 2nd quarter. Harvest Portfolios Group Inc. now owns 708,040 shares of the software maker’s stock worth $286,211,000 after buying an additional 456,745 shares during the last quarter. Mn Services Vermogensbeheer B.V. purchased a new stake in Strategy during the second quarter valued at $37,391,000. Strs Ohio lifted its holdings in Strategy by 2,345.9% in the second quarter. Strs Ohio now owns 76,801 shares of the software maker’s stock valued at $31,045,000 after acquiring an additional 73,661 shares during the period. Swedbank AB purchased a new position in Strategy in the first quarter worth about $17,352,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Strategy by 11.3% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 588,538 shares of the software maker’s stock valued at $237,905,000 after purchasing an additional 59,688 shares during the period. Institutional investors own 59.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Cantor Fitzgerald lowered their price objective on shares of Strategy from $697.00 to $560.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Cowen reaffirmed a “buy” rating on shares of Strategy in a report on Friday, October 31st. Canaccord Genuity Group increased their price target on shares of Strategy from $464.00 to $474.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. HC Wainwright cut their price objective on shares of Strategy from $521.00 to $475.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Finally, Citigroup assumed coverage on Strategy in a report on Tuesday, October 21st. They issued a “buy” rating and a $485.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $485.80.

Strategy Price Performance

Shares of NASDAQ:MSTR opened at $241.93 on Friday. The company has a market capitalization of $68.60 billion, a P/E ratio of 21.30 and a beta of 3.87. Strategy Inc has a 1-year low of $219.68 and a 1-year high of $543.00. The firm’s 50 day simple moving average is $309.93 and its two-hundred day simple moving average is $360.54. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68.

Strategy (NASDAQ:MSTR) last announced its quarterly earnings data on Thursday, October 30th. The software maker reported $8.42 EPS for the quarter, beating the consensus estimate of ($0.11) by $8.53. Strategy had a net margin of 1,036.61% and a return on equity of 18.83%. The firm had revenue of $128.69 million for the quarter, compared to the consensus estimate of $116.76 million. During the same period last year, the firm earned ($1.56) EPS. The company’s revenue was up 10.9% on a year-over-year basis. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insider Transactions at Strategy

In other Strategy news, Director Jarrod M. Patten acquired 12,000 shares of the company’s stock in a transaction dated Friday, October 17th. The stock was purchased at an average price of $96.88 per share, with a total value of $1,162,560.00. Following the completion of the purchase, the director directly owned 29,335 shares in the company, valued at approximately $2,841,974.80. The trade was a 69.22% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Wei-Ming Shao sold 30,000 shares of the stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $357.37, for a total value of $10,721,100.00. Following the sale, the executive vice president owned 12,726 shares of the company’s stock, valued at $4,547,890.62. This represents a 70.21% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders bought 36,399 shares of company stock valued at $3,539,220. Corporate insiders own 8.46% of the company’s stock.

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.