Empowered Funds LLC Has $1.55 Million Stake in Strategy Inc $MSTR

Key Points

• Empowered Funds LLC cut its Strategy stake by 99.3% in the first quarter, selling 1.77 million shares and retaining 12,427 shares valued at $1.55 million.
• Institutional interest was mixed: Renaissance Technologies more than doubled its position, while several other funds increased holdings; institutions collectively own 59.84% of MSTR.
• Analysts maintain a “Moderate Buy” consensus with an average $242.81 price target, despite multiple recent target reductions tied to Bitcoin weakness and valuation concerns. Strategy shares opened at $100.01, well below their 52-week high of $414.36.

Empowered Funds LLC reduced its stake in shares of Strategy Inc (NASDAQ:MSTR - Free Report) by 99.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,427 shares of the software maker's stock after selling 1,770,943 shares during the quarter. Empowered Funds LLC's holdings in Strategy were worth $1,551,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its holdings in shares of Strategy by 14.0% during the first quarter. The Manufacturers Life Insurance Company now owns 16,320 shares of the software maker's stock worth $2,037,000 after buying an additional 2,009 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Strategy by 88.2% in the 1st quarter. Quantinno Capital Management LP now owns 60,126 shares of the software maker's stock worth $7,504,000 after acquiring an additional 28,180 shares in the last quarter. Cardiff Park Advisors LLC grew its position in Strategy by 54.3% during the 1st quarter. Cardiff Park Advisors LLC now owns 3,230 shares of the software maker's stock worth $403,000 after acquiring an additional 1,136 shares during the last quarter. OMERS ADMINISTRATION Corp grew its position in Strategy by 40.1% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 9,462 shares of the software maker's stock worth $1,181,000 after acquiring an additional 2,709 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Strategy by 122.6% during the first quarter. Renaissance Technologies LLC now owns 2,130,881 shares of the software maker's stock worth $265,934,000 after purchasing an additional 1,173,549 shares during the last quarter. 59.84% of the stock is owned by institutional investors.

More Strategy News

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Michael Saylor said ChatGPT helped Strategy develop preferred-stock and credit structures that supported roughly $15 billion in financing for Bitcoin purchases. The disclosure reinforces the company’s ability to raise capital and expand its Bitcoin treasury without relying solely on common-stock offerings. Michael Saylor: ChatGPT Helped Strategy Raise $15B for Bitcoin
• Positive Sentiment: Investors purchased approximately 744,560 MSTR call options, about 60% above typical daily call volume. The activity signals elevated speculative interest and may have contributed to upward pressure on the common stock.
• Positive Sentiment: Strategy’s approval of a multibillion-dollar Bitcoin sale to fund stock buybacks could improve capital allocation and support the share price if management repurchases stock below its underlying asset value. Strategy Approved Bitcoin Sale to Fund Buybacks
• Neutral Sentiment: Strategy-linked wallets reportedly transferred about 1,030 Bitcoin, worth approximately $66 million. The movement appears to be an internal transfer, but investors are monitoring it amid uncertainty over Bitcoin’s near-term direction. Strategy Transfers $66 Million in Bitcoin
• Negative Sentiment: Analysts have recently reduced their MSTR price targets, including Maxim Group’s cut to $215, while other firms lowered both their targets and Bitcoin forecasts. These revisions reflect concern about Bitcoin weakness, valuation risk and the company’s leverage to crypto markets. Strategy Stock Price Target Cut to $215
• Negative Sentiment: Zacks Research downgraded Strategy from “Hold” to “Strong Sell,” adding to bearish sentiment. Strategy has also gone six consecutive weeks without buying Bitcoin, raising questions about capital availability and whether its aggressive accumulation strategy has slowed. Strategy’s Bitcoin Buying Drought

Insider Activity

In other Strategy news, CEO Phong Le acquired 11,000 shares of the company's stock in a transaction that occurred on Monday, June 22nd. The shares were acquired at an average price of $90.80 per share, with a total value of $998,800.00. Following the purchase, the chief executive officer owned 11,000 shares of the company's stock, valued at $998,800. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Jeanine Montgomery sold 354 shares of Strategy stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $123.84, for a total value of $43,839.36. Following the transaction, the chief accounting officer owned 11,209 shares in the company, valued at approximately $1,388,122.56. This represents a 3.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have acquired 11,166 shares of company stock worth $1,014,265 and have sold 180,422 shares worth $22,957,438. Corporate insiders own 6.49% of the company's stock.

Wall Street Analyst Weigh In

MSTR has been the subject of a number of research analyst reports. HC Wainwright set a $325.00 price target on Strategy in a report on Monday. B. Riley Financial decreased their price objective on shares of Strategy from $215.00 to $155.00 and set a "buy" rating on the stock in a report on Monday, August 3rd. TD Cowen lowered their price objective on shares of Strategy from $400.00 to $260.00 and set a "buy" rating for the company in a research report on Tuesday, June 30th. Mizuho reduced their target price on shares of Strategy from $265.00 to $213.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 7th. Finally, Citigroup reissued a "buy" rating and issued a $136.00 price target (down from $260.00) on shares of Strategy in a report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, Strategy presently has an average rating of "Moderate Buy" and a consensus price target of $242.81.

Strategy Stock Up 3.3%

Shares of NASDAQ MSTR opened at $100.01 on Friday. Strategy Inc has a 52-week low of $81.81 and a 52-week high of $414.36. The company has a debt-to-equity ratio of 0.22, a quick ratio of 6.05 and a current ratio of 5.39. The stock has a market cap of $35.05 billion, a P/E ratio of -1.03 and a beta of 3.54. The firm has a 50 day moving average price of $104.40 and a 200 day moving average price of $132.43.

Strategy (NASDAQ:MSTR - Get Free Report) last posted its earnings results on Friday, July 31st. The software maker reported ($24.45) earnings per share for the quarter, missing the consensus estimate of ($2.19) by ($22.26). The firm had revenue of $122.37 million during the quarter, compared to analyst estimates of $122.90 million. Strategy had a negative return on equity of 74.18% and a negative net margin of 6,102.95%.The company's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $32.52 earnings per share. Analysts expect that Strategy Inc will post 57.47 EPS for the current year.

About Strategy

Strategy, formerly known as MicroStrategy, Incorporated NASDAQ: MSTR is a global provider of enterprise analytics and mobility software. The company’s flagship platform offers business intelligence, data discovery, and advanced visualizations that enable organizations to analyze large volumes of data and deliver actionable insights. In addition to traditional on-premises deployments, Strategy provides a range of cloud-based services and managed offerings that allow customers to leverage the power of its analytics tools without managing complex infrastructure.

Founded in 1989 by Michael J.

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