B. Riley Wealth Advisors Inc. Purchases Shares of 4,915 Strategy Inc $MSTR

B. Riley Wealth Advisors Inc. purchased a new position in Strategy Inc (NASDAQ:MSTR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,915 shares of the software maker’s stock, valued at approximately $1,987,000.

Other hedge funds have also modified their holdings of the company. Binnacle Investments Inc increased its holdings in Strategy by 492.9% during the 2nd quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock worth $34,000 after purchasing an additional 69 shares during the period. MCF Advisors LLC acquired a new position in shares of Strategy during the second quarter worth about $35,000. Maseco LLP purchased a new stake in shares of Strategy during the second quarter worth approximately $36,000. AllSquare Wealth Management LLC raised its holdings in Strategy by 100.0% in the second quarter. AllSquare Wealth Management LLC now owns 100 shares of the software maker’s stock valued at $40,000 after acquiring an additional 50 shares in the last quarter. Finally, SJS Investment Consulting Inc. lifted its stake in Strategy by 25.8% in the second quarter. SJS Investment Consulting Inc. now owns 117 shares of the software maker’s stock worth $47,000 after acquiring an additional 24 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Wei-Ming Shao sold 2,600 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $202.02, for a total value of $525,252.00. Following the completion of the transaction, the executive vice president directly owned 32,726 shares in the company, valued at approximately $6,611,306.52. This represents a 7.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jane A. Dietze bought 1,100 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was purchased at an average cost of $95.28 per share, for a total transaction of $104,808.00. Following the completion of the transaction, the director directly owned 2,600 shares in the company, valued at approximately $247,728. This trade represents a 73.33% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 24,880 shares of company stock valued at $2,421,219 and sold 53,177 shares valued at $17,122,166. 8.46% of the stock is owned by corporate insiders.

Strategy Trading Down 3.7%

NASDAQ MSTR opened at $176.45 on Monday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $239.06 and a 200 day moving average price of $325.38. The stock has a market capitalization of $50.70 billion, a P/E ratio of 8.21 and a beta of 3.40. Strategy Inc has a 52-week low of $155.61 and a 52-week high of $457.22.

Strategy (NASDAQ:MSTR) last issued its earnings results on Thursday, October 30th. The software maker reported $8.42 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $8.52. Strategy had a net margin of 1,667.09% and a return on equity of 20.98%. The company had revenue of $128.69 million for the quarter, compared to analyst estimates of $116.65 million. During the same period in the prior year, the business posted ($1.56) earnings per share. The firm’s revenue for the quarter 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 Ratings Changes

A number of brokerages have commented on MSTR. Weiss Ratings reissued a “hold (c+)” rating on shares of Strategy in a research report on Tuesday, December 9th. Sanford C. Bernstein set a $450.00 target price on Strategy and gave the company an “outperform” rating in a report on Monday, December 8th. Cantor Fitzgerald restated an “overweight” rating on shares of Strategy in a research note on Friday, December 5th. Cowen reaffirmed a “buy” rating on shares of Strategy in a research report on Friday, October 31st. Finally, Benchmark reiterated a “buy” rating on shares of Strategy in a report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $475.80.

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.