Acorn Financial Advisory Services Inc. ADV Cuts Position in Strategy Inc $MSTR

Key Points

• Acorn Financial Advisory Services Inc. ADV reduced its holdings in Strategy Inc (NASDAQ:MSTR) by 11.4%, owning 42,318 shares valued at approximately $17.1 million after selling 5,420 shares.
• Several hedge funds increased their stakes in Strategy Inc, with Fiduciary Alliance LLC raising its position by 28.4% and now owning 44,918 shares valued at $18.2 million.
• Strategy Inc reported a significant quarterly earnings performance, with an EPS of $32.60 exceeding estimates and a revenue of $114.49 million, marking a 2.7% year-over-year increase.

Acorn Financial Advisory Services Inc. ADV lessened its holdings in Strategy Inc (NASDAQ:MSTR - Free Report) by 11.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,318 shares of the software maker's stock after selling 5,420 shares during the period. Strategy comprises approximately 2.8% of Acorn Financial Advisory Services Inc. ADV's holdings, making the stock its 11th biggest holding. Acorn Financial Advisory Services Inc. ADV's holdings in Strategy were worth $17,106,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Fiduciary Alliance LLC raised its position in Strategy by 28.4% in the second quarter. Fiduciary Alliance LLC now owns 44,918 shares of the software maker's stock valued at $18,157,000 after purchasing an additional 9,937 shares during the period. Swedbank AB purchased a new stake in Strategy during the 1st quarter worth $17,352,000. GAMMA Investing LLC increased its stake in Strategy by 47.7% during the 1st quarter. GAMMA Investing LLC now owns 830 shares of the software maker's stock worth $239,000 after buying an additional 268 shares during the period. Yousif Capital Management LLC increased its position in shares of Strategy by 42.9% during the first quarter. Yousif Capital Management LLC now owns 2,909 shares of the software maker's stock worth $839,000 after acquiring an additional 873 shares during the last quarter. Finally, Maryland State Retirement & Pension System increased its position in shares of Strategy by 12.2% during the second quarter. Maryland State Retirement & Pension System now owns 12,140 shares of the software maker's stock worth $4,907,000 after acquiring an additional 1,321 shares during the last quarter. Hedge funds and other institutional investors own 59.84% of the company's stock.

Insider Buying and Selling

In other news, Director Jarrod M. Patten purchased 5,555 shares of the firm's stock in a transaction on Tuesday, July 29th. The stock was purchased at an average cost of $90.00 per share, with a total value of $499,950.00. Following the purchase, the director owned 5,555 shares in the company, valued at $499,950. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gregg Winiarski bought 10,000 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were purchased at an average cost of $97.65 per share, with a total value of $976,500.00. Following the purchase, the director directly owned 10,000 shares of the company's stock, valued at approximately $976,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 265,474 shares of company stock valued at $24,056,259 and have sold 65,000 shares valued at $24,099,750. 8.46% of the stock is owned by company insiders.

Strategy Price Performance

Shares of MSTR opened at $315.47 on Tuesday. The stock has a fifty day moving average price of $343.52 and a 200 day moving average price of $363.26. The company has a market cap of $89.45 billion, a P/E ratio of 27.77 and a beta of 3.83. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. Strategy Inc has a 12 month low of $185.81 and a 12 month high of $543.00.

Strategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The software maker reported $32.60 EPS for the quarter, topping the consensus estimate of ($0.12) by $32.72. Strategy had a net margin of 1,036.61% and a return on equity of 18.83%. The business had revenue of $114.49 million during the quarter, compared to analyst estimates of $112.68 million. During the same quarter in the prior year, the firm earned ($5.74) earnings per share. The company's quarterly revenue was up 2.7% on a year-over-year basis. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Analyst Upgrades and Downgrades

MSTR has been the topic of several analyst reports. Cantor Fitzgerald restated an "overweight" rating on shares of Strategy in a report on Wednesday, August 13th. Benchmark reissued a "buy" rating on shares of Strategy in a research report on Wednesday, August 13th. Mizuho boosted their price objective on Strategy from $563.00 to $586.00 and gave the company an "outperform" rating in a report on Monday, August 11th. Canaccord Genuity Group reiterated a "buy" rating and issued a $464.00 price target on shares of Strategy in a report on Tuesday, August 26th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Strategy in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $509.54.

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.

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