KG&L Capital Management LLC Sells 1,834 Shares of Strategy Inc $MSTR

Key Points

• KG&L Capital Management LLC significantly reduced its stake in Strategy Inc, lowering its holdings by 67.2% after selling 1,834 shares, leaving it with 897 shares valued at approximately $363,000.
• Several institutional investors, including First United Bank & Trust and Hexagon Capital Partners LLC, have recently made moves to invest in Strategy Inc, contributing to a total of 59.84% institutional ownership of the company.
• Analysts remain optimistic about Strategy Inc's stock, with an average price target of $547.50 and multiple analysts assigning ratings ranging from Strong Buy to Sell.

KG&L Capital Management LLC lowered its stake in shares of Strategy Inc (NASDAQ:MSTR - Free Report) by 67.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 897 shares of the software maker's stock after selling 1,834 shares during the period. KG&L Capital Management LLC's holdings in Strategy were worth $363,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of MSTR. First United Bank & Trust purchased a new stake in Strategy in the first quarter worth $29,000. MCF Advisors LLC purchased a new stake in Strategy in the 2nd quarter worth about $35,000. Maseco LLP bought a new stake in Strategy in the 2nd quarter valued at about $36,000. Hexagon Capital Partners LLC raised its stake in Strategy by 7,750.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 157 shares of the software maker's stock valued at $45,000 after acquiring an additional 155 shares during the period. Finally, SJS Investment Consulting Inc. lifted its holdings in Strategy by 25.8% during the second quarter. SJS Investment Consulting Inc. now owns 117 shares of the software maker's stock valued at $47,000 after purchasing an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 59.84% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Cowen reiterated a "buy" rating on shares of Strategy in a research note on Wednesday, August 13th. Monness Crespi & Hardt lifted their price objective 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. Cantor Fitzgerald restated an "overweight" rating on shares of Strategy in a research report on Wednesday, August 13th. Mizuho raised their price target on Strategy from $563.00 to $586.00 and gave the stock an "outperform" rating in a report on Monday, August 11th. Finally, BTIG Research boosted their price objective on Strategy from $620.00 to $700.00 and gave the company a "buy" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $547.50.

Strategy Stock Up 2.8%

MSTR opened at $309.06 on Monday. The firm has a market capitalization of $87.63 billion, a P/E ratio of 27.21 and a beta of 3.82. Strategy Inc has a one year low of $157.02 and a one year high of $543.00. The company has a fifty day moving average price of $359.25 and a 200-day moving average price of $361.55. 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 (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The software maker reported $32.60 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $32.72. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.The company had revenue of $114.49 million during the quarter, compared to analyst estimates of $112.68 million. During the same quarter last year, the company earned ($5.74) earnings per share. The firm'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.

Insider Activity at Strategy

In related news, Director Peter L. Briger, Jr. purchased 220,000 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was acquired at an average price of $90.00 per share, with a total value of $19,800,000.00. Following the purchase, the director directly owned 220,000 shares in the company, valued at approximately $19,800,000. This 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 link. Also, Director Gregg Winiarski purchased 10,000 shares of the firm's stock in a transaction dated Friday, August 8th. The stock was bought at an average cost of $97.65 per share, for a total transaction of $976,500.00. Following the acquisition, the director directly owned 10,000 shares in the company, valued at approximately $976,500. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 265,474 shares of company stock valued at $24,056,259 and have sold 152,150 shares valued at $62,847,251. Company insiders own 8.46% of the company's stock.

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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