Nicholas Wealth LLC. Decreases Stake in Strategy Inc $MSTR

Nicholas Wealth LLC. lessened its stake in shares of Strategy Inc (NASDAQ:MSTR) by 13.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,726 shares of the software maker’s stock after selling 586 shares during the period. Nicholas Wealth LLC.’s holdings in Strategy were worth $1,506,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MCF Advisors LLC purchased a new stake in shares of Strategy during the second quarter valued at $35,000. Maseco LLP acquired a new stake in Strategy during the 2nd quarter worth about $36,000. SJS Investment Consulting Inc. grew its stake in Strategy by 25.8% during the 2nd quarter. SJS Investment Consulting Inc. now owns 117 shares of the software maker’s stock valued at $47,000 after purchasing an additional 24 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its stake in Strategy by 57.3% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 118 shares of the software maker’s stock valued at $48,000 after purchasing an additional 43 shares during the last quarter. Finally, AlphaQuest LLC increased its holdings in shares of Strategy by 454.5% in the second quarter. AlphaQuest LLC now owns 122 shares of the software maker’s stock valued at $49,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Strategy Price Performance

NASDAQ:MSTR opened at $206.80 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The company has a 50 day moving average price of $293.47 and a 200-day moving average price of $352.88. Strategy Inc has a 1-year low of $189.53 and a 1-year high of $543.00. The firm has a market cap of $59.42 billion, a price-to-earnings ratio of 18.20 and a beta of 3.87.

Strategy (NASDAQ:MSTR) last announced its quarterly earnings results on Thursday, October 30th. The software maker reported $8.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $8.52. 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 $116.65 million. During the same period in the prior year, the firm posted ($1.56) earnings per share. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MSTR. HC Wainwright decreased their target price on Strategy from $521.00 to $475.00 and set a “buy” rating for the company in a report on Monday, November 3rd. China Renaissance began coverage on shares of Strategy in a research note on Wednesday, October 15th. They set a “buy” rating and a $473.00 price objective for the company. Canaccord Genuity Group increased their price objective on shares of Strategy from $464.00 to $474.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. BTIG Research reduced their target price on shares of Strategy from $700.00 to $630.00 and set a “buy” rating for the company in a report on Friday, October 31st. Finally, TD Cowen lowered their price target on shares of Strategy from $620.00 to $535.00 and set a “buy” rating on the stock in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Strategy has a consensus rating of “Moderate Buy” and a consensus target price of $485.80.

Insider Activity

In other Strategy news, EVP Wei-Ming Shao sold 2,600 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $200.00, for a total transaction of $520,000.00. Following the transaction, the executive vice president owned 32,726 shares in the company, valued at approximately $6,545,200. This represents a 7.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jarrod M. Patten acquired 12,000 shares of the company’s stock in a transaction on Friday, October 17th. The stock was acquired at an average cost of $96.88 per share, for a total transaction of $1,162,560.00. Following the completion of the acquisition, the director owned 29,335 shares of the company’s stock, valued at $2,841,974.80. This trade represents a 69.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have bought 36,399 shares of company stock worth $3,539,220 and have sold 50,534 shares worth $16,587,946. Corporate insiders own 8.46% of the company’s stock.

Strategy 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.