RiverFront Investment Group LLC Sells 5,800 Shares of Strategy Inc $MSTR

RiverFront Investment Group LLC decreased its position in Strategy Inc (NASDAQ:MSTR) by 65.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,010 shares of the software maker’s stock after selling 5,800 shares during the quarter. RiverFront Investment Group LLC’s holdings in Strategy were worth $457,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Dogwood Wealth Management LLC raised its stake in Strategy by 280.0% during the fourth quarter. Dogwood Wealth Management LLC now owns 190 shares of the software maker’s stock valued at $29,000 after buying an additional 140 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in Strategy during the third quarter valued at $32,000. Binnacle Investments Inc raised its stake in 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 last quarter. City State Bank raised its stake in Strategy by 354.5% during the fourth quarter. City State Bank now owns 250 shares of the software maker’s stock valued at $38,000 after buying an additional 195 shares during the last quarter. Finally, Cheviot Value Management LLC purchased a new position in Strategy during the third quarter valued at $39,000. Institutional investors own 59.84% of the company’s stock.

Strategy Stock Performance

Shares of MSTR opened at $166.63 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.05 and a quick ratio of 6.05. Strategy Inc has a one year low of $104.17 and a one year high of $457.22. The firm has a market capitalization of $58.40 billion, a P/E ratio of -4.15 and a beta of 3.59. The business has a fifty day moving average of $150.65 and a 200 day moving average of $162.81.

Strategy (NASDAQ:MSTR) last issued its quarterly earnings data on Tuesday, May 5th. The software maker reported ($38.25) EPS for the quarter, missing the consensus estimate of ($0.86) by ($37.39). Strategy had a negative return on equity of 26.97% and a negative net margin of 2,482.01%.The firm had revenue of $124.30 million during the quarter, compared to the consensus estimate of $120.75 million. During the same period in the previous year, the firm earned ($16.49) EPS. The business’s revenue was up 11.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Strategy Inc will post 116.7 EPS for the current year.

Insider Activity at Strategy

In related news, Director Jarrod M. Patten sold 1,500 shares of Strategy stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $190.85, for a total value of $286,275.00. Following the completion of the sale, the director owned 28,000 shares of the company’s stock, valued at $5,343,800. The trade was a 5.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 30,702 shares of company stock valued at $4,707,839 over the last three months. Insiders own 6.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MSTR shares. HC Wainwright reiterated a “buy” rating on shares of Strategy in a research note on Friday, February 6th. Zacks Research cut Strategy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Strategy in a research note on Monday, May 11th. Mizuho set a $320.00 price objective on Strategy and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Finally, TD Cowen reiterated a “buy” rating and set a $395.00 price objective (up from $385.00) on shares of Strategy in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $321.86.

More Strategy News

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Strategy continued expanding its Bitcoin position, buying 24,869 BTC for about $2.01 billion and bringing total holdings to 843,738 BTC, which keeps the company at the center of the corporate Bitcoin trade. Article Title
• Positive Sentiment: Shares may also be getting support from ongoing investor interest and analyst optimism tied to the company’s aggressive Bitcoin accumulation and balance-sheet strategy. Article Title
• Neutral Sentiment: Strategy is funding much of the Bitcoin buying through its STRC preferred stock, which appears to have strong trading demand, but also adds complexity to the capital structure. Article Title
• Neutral Sentiment: Michael Saylor has also floated the idea that Strategy could eventually sell some Bitcoin to meet dividend or debt obligations, a notable shift from the company’s earlier “never sell” stance. Article Title
• Negative Sentiment: Bitcoin itself weakened sharply and crypto liquidations rose, which weighs on Strategy because the stock trades as a leveraged proxy for BTC and is highly sensitive to swings in the coin’s price. Article Title
• Negative Sentiment: Some coverage framed the latest Bitcoin buying as adding balance-sheet risk, since the company is increasingly willing to use holdings to support dividend and debt payments. Article Title

Strategy Company Profile

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.