Exchange Traded Concepts LLC Sells 6,246 Shares of Strategy Inc $MSTR

Key Points

• Exchange Traded Concepts LLC has reduced its position in Strategy Inc, selling 6,246 shares and holding 61,439 shares valued at $24.83 million.
• Numerous research analysts have issued buy ratings for Strategy, with price targets ranging from $464.00 to $700.00, indicating strong market optimism.
• Strategy reported significant earnings performance with an EPS of $32.60, exceeding expectations and demonstrating a revenue increase of 2.7% year-over-year.

Exchange Traded Concepts LLC trimmed its position in Strategy Inc (NASDAQ:MSTR - Free Report) by 9.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,439 shares of the software maker's stock after selling 6,246 shares during the period. Exchange Traded Concepts LLC's holdings in Strategy were worth $24,835,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. First United Bank & Trust bought a new position in shares of Strategy in the first quarter valued at $29,000. Arlington Trust Co LLC increased its holdings in shares of Strategy by 86.3% in the second quarter. Arlington Trust Co LLC now owns 149 shares of the software maker's stock valued at $60,000 after buying an additional 69 shares in the last quarter. Hexagon Capital Partners LLC increased its holdings 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 valued at $45,000 after buying an additional 155 shares in the last quarter. Vermillion Wealth Management Inc. bought a new position in shares of Strategy in the fourth quarter valued at $54,000. Finally, Dogwood Wealth Management LLC bought a new position in shares of Strategy in the fourth quarter valued at $57,000. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MSTR has been the topic of several research reports. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $464.00 price target on shares of Strategy in a report on Tuesday, August 26th. Benchmark reissued a "buy" rating on shares of Strategy in a research note on Wednesday, August 13th. Cantor Fitzgerald reissued an "overweight" rating on shares of Strategy in a research note on Wednesday, August 13th. Monness Crespi & Hardt boosted their target price on shares of Strategy from $175.00 to $200.00 and gave the company a "sell" rating in a research note on Tuesday, July 15th. Finally, BTIG Research upped their price target on shares of Strategy from $620.00 to $700.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Strategy presently has an average rating of "Moderate Buy" and a consensus target price of $547.50.

Insider Activity

In other Strategy news, CFO Andrew Kang sold 18,750 shares of Strategy stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $395.00, for a total transaction of $7,406,250.00. Following the completion of the sale, the chief financial officer owned 24,460 shares of the company's stock, valued at approximately $9,661,700. The trade was a 43.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jeanine Montgomery bought 5,000 shares of the stock in a transaction on Tuesday, July 29th. The shares were acquired at an average cost of $90.00 per share, with a total value of $450,000.00. Following the acquisition, the chief accounting officer directly owned 5,000 shares in the company, valued at approximately $450,000. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 265,474 shares of company stock worth $24,056,259 and have sold 142,150 shares worth $59,289,351. 8.46% of the stock is currently owned by insiders.

Strategy Stock Performance

Shares of NASDAQ MSTR traded down $4.37 during mid-day trading on Friday, hitting $344.75. The company had a trading volume of 17,669,417 shares, compared to its average volume of 10,064,784. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The business's 50-day simple moving average is $371.79 and its 200-day simple moving average is $359.18. Strategy Inc has a 12 month low of $141.64 and a 12 month high of $543.00. The firm has a market cap of $97.75 billion, a P/E ratio of 30.35 and a beta of 3.82.

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

Strategy 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.