Berkshire Capital Holdings Inc. Sells 6,580 Shares of Strategy Inc $MSTR

Berkshire Capital Holdings Inc. reduced its position in shares of Strategy Inc (NASDAQ:MSTR) by 23.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,140 shares of the software maker’s stock after selling 6,580 shares during the period. Strategy makes up 3.0% of Berkshire Capital Holdings Inc.’s portfolio, making the stock its 16th biggest holding. Berkshire Capital Holdings Inc.’s holdings in Strategy were worth $8,545,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. RiverFront Investment Group LLC bought a new position in shares of Strategy in the second quarter worth approximately $3,561,000. J.W. Cole Advisors Inc. grew its stake in Strategy by 25.3% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 10,262 shares of the software maker’s stock worth $4,148,000 after buying an additional 2,069 shares in the last quarter. Resona Asset Management Co. Ltd. increased its holdings in shares of Strategy by 13.6% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 77,914 shares of the software maker’s stock worth $31,298,000 after buying an additional 9,338 shares during the last quarter. Stevens Capital Management LP bought a new position in shares of Strategy in the 2nd quarter worth $35,967,000. Finally, Tradewinds LLC. purchased a new stake in shares of Strategy during the 2nd quarter valued at $556,000. Institutional investors own 59.84% of the company’s stock.

Strategy Trading Down 2.3%

NASDAQ MSTR opened at $184.64 on Thursday. The firm has a market cap of $53.06 billion, a PE ratio of 8.59 and a beta of 3.40. Strategy Inc has a 1-year low of $155.61 and a 1-year high of $457.22. The stock has a 50-day moving average of $245.94 and a 200-day moving average of $328.32. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.16.

Strategy (NASDAQ:MSTR) last announced its quarterly earnings results on Thursday, October 30th. The software maker reported $8.42 EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $8.52. Strategy had a return on equity of 20.98% and a net margin of 1,667.09%.The business had revenue of $128.69 million for the quarter, compared to analysts’ expectations of $116.65 million. During the same period in the previous year, the firm earned ($1.56) EPS. The business’s quarterly revenue was up 10.9% on a year-over-year basis. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MSTR shares. Benchmark reiterated a “buy” rating on shares of Strategy in a research report on Monday, December 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Strategy in a report on Wednesday, October 8th. Wells Fargo & Company reissued an “equal weight” rating and set a $54.00 price objective (down from $65.00) on shares of Strategy in a report on Tuesday, September 30th. TD Cowen dropped their target price on Strategy from $620.00 to $535.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Strategy in a research note on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Strategy presently has an average rating of “Moderate Buy” and an average target price of $475.80.

Insider Buying and Selling

In other news, Director Jarrod M. Patten purchased 12,000 shares of the stock in a transaction that occurred on Friday, October 17th. The stock was bought at an average cost of $96.88 per share, for a total transaction of $1,162,560.00. Following the acquisition, the director directly owned 29,335 shares of the company’s stock, valued at $2,841,974.80. This represents a 69.22% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Wei-Ming Shao sold 30,000 shares of the stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $357.37, for a total transaction of $10,721,100.00. Following the sale, the executive vice president directly owned 12,726 shares of the company’s stock, valued at $4,547,890.62. The trade was a 70.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have bought 37,380 shares of company stock valued at $3,632,719 and have sold 53,177 shares valued at $17,122,166. 8.46% of the stock is owned by insiders.

About Strategy

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.