StoneX Group Inc. Makes New Investment in Strategy Inc $MSTR

StoneX Group Inc. acquired a new position in shares of Strategy Inc (NASDAQ:MSTR) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,347 shares of the software maker’s stock, valued at approximately $665,000.

Other hedge funds also recently made changes to their positions in the company. Pictet Asset Management Holding SA increased its stake in shares of Strategy by 0.8% during the third quarter. Pictet Asset Management Holding SA now owns 108,227 shares of the software maker’s stock worth $16,568,000 after acquiring an additional 813 shares during the period. Parallel Advisors LLC raised its holdings in Strategy by 27.5% during the third quarter. Parallel Advisors LLC now owns 3,885 shares of the software maker’s stock worth $595,000 after purchasing an additional 837 shares in the last quarter. International Assets Investment Management LLC lifted its position in Strategy by 45.3% in the third quarter. International Assets Investment Management LLC now owns 3,171 shares of the software maker’s stock valued at $509,000 after purchasing an additional 989 shares during the period. Waldron Private Wealth LLC acquired a new stake in Strategy in the third quarter valued at about $230,000. Finally, Alta Advisers Ltd acquired a new stake in Strategy in the third quarter valued at about $368,000. Institutional investors and hedge funds own 59.84% of the company’s stock.

Strategy News Roundup

Investors following MSTR have been watching these news items:

• Positive Sentiment: Fidelity reportedly tripled its MSTR position to $156 million in the third quarter, signaling increased investment by a major institution. Fidelity triples its Strategy stake
• Neutral Sentiment: Strategy bought 1,036 bitcoin for about $81.9 million, but also repurchased roughly $188 million of preferred shares that week. The Bitcoin purchase supports its core treasury strategy, while the larger buyback highlights competing uses of capital. Strategy Adds Bitcoin While Repurchasing Preferred Shares
• Negative Sentiment: MSCI’s final review list marks Strategy for deletion, with the change taking effect after the November 30 market close. Funds tracking the indexes may sell shares; reports say MSCI-tracking funds hold about $1.6 billion of MSTR, creating potential selling pressure. MSCI confirms Strategy’s removal from indexes

Analyst Ratings Changes

A number of equities research analysts have weighed in on MSTR shares. BTIG Research reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Strategy in a report on Friday, October 30th. Weiss Ratings reissued a “sell (d)” rating on shares of Strategy in a research note on Monday, November 2nd. Cantor Fitzgerald reissued an “overweight” rating and set a $208.00 target price on shares of Strategy in a research note on Monday. HC Wainwright reissued a “buy” rating and issued a $250.00 price target on shares of Strategy in a report on Friday, October 30th. Finally, Benchmark restated a “buy” rating and issued a $435.00 price target (down from $570.00) on shares of Strategy in a research note on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $244.79.

Strategy Stock Performance

NASDAQ:MSTR opened at $122.35 on Thursday. The firm’s fifty day simple moving average is $144.10 and its 200-day simple moving average is $132.97. The company has a quick ratio of 4.04, a current ratio of 4.04 and a debt-to-equity ratio of 0.10. The stock has a market cap of $51.68 billion, a PE ratio of -2.01 and a beta of 3.60. Strategy Inc has a fifty-two week low of $81.81 and a fifty-two week high of $234.84.

Strategy (NASDAQ:MSTR) last announced its quarterly earnings data on Thursday, October 29th. The software maker reported $44.75 EPS for the quarter, beating the consensus estimate of $20.19 by $24.56. Strategy had a negative net margin of 2,760.33% and a negative return on equity of 32.71%. The firm had revenue of $125.43 million during the quarter, compared to analysts’ expectations of $127.76 million. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter last year, the business earned $8.42 earnings per share. Analysts expect that Strategy Inc will post -13.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Strategy news, Director Jarrod Patten sold 4,750 shares of the stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $141.00, for a total value of $669,750.00. Following the completion of the transaction, the director directly owned 28,406 shares of the company’s stock, valued at approximately $4,005,246. This trade represents a 14.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold 14,950 shares of company stock worth $2,113,106 in the last quarter. Corporate insiders own 5.40% 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.