Sanctuary Advisors LLC Trims Stock Holdings in Strategy Inc $MSTR

Sanctuary Advisors LLC decreased its position in Strategy Inc (NASDAQ:MSTR) by 53.7% in the first quarter, Holdings Channel.com reports. The firm owned 15,132 shares of the software maker’s stock after selling 17,564 shares during the quarter. Sanctuary Advisors LLC’s holdings in Strategy were worth $1,888,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Federated Hermes Inc. purchased a new stake in shares of Strategy in the 2nd quarter worth about $396,000. Cary Street Partners Financial LLC purchased a new position in Strategy during the 2nd quarter valued at about $202,000. Sei Investments Co. boosted its stake in Strategy by 136.0% during the second quarter. Sei Investments Co. now owns 39,905 shares of the software maker’s stock worth $16,125,000 after acquiring an additional 22,999 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Strategy by 59.4% during the second quarter. The Manufacturers Life Insurance Company now owns 19,215 shares of the software maker’s stock worth $7,767,000 after acquiring an additional 7,158 shares in the last quarter. Finally, Peapack Gladstone Financial Corp grew its holdings in Strategy by 22.0% in the second quarter. Peapack Gladstone Financial Corp now owns 3,055 shares of the software maker’s stock worth $1,235,000 after purchasing an additional 550 shares during the period. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Strategy Stock Down 1.9%

Shares of Strategy stock opened at $100.01 on Thursday. Strategy Inc has a twelve month low of $81.81 and a twelve month high of $424.00. The company has a quick ratio of 6.05, a current ratio of 6.05 and a debt-to-equity ratio of 0.22. The company’s 50 day moving average is $120.77 and its 200 day moving average is $138.10. The company has a market cap of $35.05 billion, a price-to-earnings ratio of -2.49 and a beta of 3.54.

Strategy (NASDAQ:MSTR) last posted its earnings results on Tuesday, May 5th. The software maker reported ($38.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.86) by ($37.39). The company had revenue of $124.30 million during the quarter, compared to the consensus estimate of $120.75 million. Strategy had a negative return on equity of 26.97% and a negative net margin of 2,482.01%.The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the firm posted ($16.49) EPS. Research analysts anticipate that Strategy Inc will post 57.47 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Canaccord Genuity Group decreased their target price on shares of Strategy from $163.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Strategy in a research report on Wednesday, June 24th. B. Riley Financial upped their price target on Strategy from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Mizuho reduced their price objective on Strategy from $265.00 to $213.00 and set an “outperform” rating for the company in a research report on Tuesday, July 7th. Finally, Zacks Research raised Strategy from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Strategy presently has an average rating of “Moderate Buy” and an average target price of $266.31.

Key Headlines Impacting Strategy

Here are the key news stories impacting Strategy this week:

• Negative Sentiment: Strategy disclosed it sold 2.73 million Class A shares, raising about $263.5 million, which increases dilution concerns for existing shareholders. Why Strategy (MSTR) Stock Is Down Today
• Negative Sentiment: The company reported that it did not purchase any Bitcoin in the July 13–19 period, disappointing investors who expect equity raises to be used to expand BTC holdings. Strategy (MSTR) Stock Drops 3%—What Triggered It?
• Negative Sentiment: Bitcoin weakness is adding to the selloff, and because MSTR trades like a leveraged proxy for BTC, crypto moves continue to have an outsized impact on the stock. Crypto Equities HOOD, COIN, MSTR Slide With Broader Market After Oil Hits Five-Week High
• Negative Sentiment: Recent headlines also highlight that Strategy paused Bitcoin purchases for a fourth straight week, reinforcing concerns that the company is shifting from accumulation to reserve management. Strategy Skips Bitcoin Purchases Despite $263.5M MSTR Share Sale

Insider Transactions at Strategy

In other news, CEO Phong Le bought 11,000 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were acquired at an average cost of $90.80 per share, with a total value of $998,800.00. Following the completion of the transaction, the chief executive officer owned 11,000 shares of the company’s stock, valued at approximately $998,800. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jeanine Montgomery sold 354 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $123.84, for a total value of $43,839.36. Following the completion of the transaction, the chief accounting officer directly owned 11,209 shares in the company, valued at $1,388,122.56. The trade was a 3.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders purchased 11,166 shares of company stock worth $1,014,265 and sold 181,522 shares worth $23,448,502. Company insiders own 6.49% of the company’s stock.

Strategy 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.