Cyndeo Wealth Partners LLC Purchases 2,648 Shares of Strategy Inc $MSTR

Key Points

• Cyndeo Wealth Partners LLC increased its holdings in Strategy Inc (NASDAQ:MSTR) by 61.7%, purchasing an additional 2,648 shares, bringing their total ownership to 6,937 shares valued at $2.8 million as of their latest SEC filing.
• Director Peter L. Briger, Jr. purchased 220,000 shares for about $19.8 million, significantly increasing his ownership in the company, while EVP Wei-Ming Shao sold 30,000 shares for approximately $10.7 million, reducing his position by 70.21%.
• Equities analysts have a generally positive outlook on Strategy Inc, with a consensus rating of "Moderate Buy" and a price target of $509.54, indicating confidence in the company's future performance.

Cyndeo Wealth Partners LLC grew its position in Strategy Inc (NASDAQ:MSTR - Free Report) by 61.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,937 shares of the software maker's stock after purchasing an additional 2,648 shares during the quarter. Cyndeo Wealth Partners LLC's holdings in Strategy were worth $2,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of MSTR. First United Bank & Trust bought a new position in shares of Strategy in the first quarter worth approximately $29,000. MCF Advisors LLC bought a new position in shares of Strategy in the second quarter worth approximately $35,000. Maseco LLP bought a new position in shares of Strategy in the second quarter worth approximately $36,000. Hexagon Capital Partners LLC boosted its position in shares of Strategy by 7,750.0% in the first quarter. Hexagon Capital Partners LLC now owns 157 shares of the software maker's stock worth $45,000 after purchasing an additional 155 shares during the period. Finally, SJS Investment Consulting Inc. boosted its position in shares of 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 purchasing an additional 24 shares during the period. 59.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Strategy

In other Strategy news, Director Peter L. Briger, Jr. acquired 220,000 shares of the stock in a transaction on Tuesday, July 29th. The stock was acquired at an average price of $90.00 per share, for a total transaction of $19,800,000.00. Following the completion of the transaction, the director directly owned 220,000 shares of the company's stock, valued at $19,800,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction, the executive vice president owned 12,726 shares of the company's stock, valued at $4,547,890.62. This trade represents a 70.21% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 265,474 shares of company stock valued at $24,056,259 and have sold 75,900 shares valued at $28,992,651. 8.46% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Canaccord Genuity Group reiterated a "buy" rating and issued a $464.00 price target on shares of Strategy in a research report on Tuesday, August 26th. Weiss Ratings reiterated a "hold (c)" rating on shares of Strategy in a research report on Wednesday. Benchmark restated a "buy" rating on shares of Strategy in a research report on Wednesday, August 13th. Cowen restated a "buy" rating on shares of Strategy in a research report on Wednesday, August 13th. Finally, Cantor Fitzgerald restated an "overweight" rating on shares of Strategy in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $509.54.

Strategy Price Performance

MSTR stock opened at $304.79 on Friday. Strategy Inc has a 52 week low of $185.81 and a 52 week high of $543.00. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. The company has a fifty day simple moving average of $345.00 and a two-hundred day simple moving average of $362.58. The firm has a market capitalization of $86.42 billion, a P/E ratio of 26.83 and a beta of 3.83.

Strategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The software maker reported $32.60 EPS for the quarter, beating 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 last year, the business earned ($5.74) earnings per share. Strategy's quarterly revenue was up 2.7% compared to the same quarter last year. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Strategy Company 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.

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