Kingswood Wealth Advisors LLC Reduces Stock Position in Strategy Inc $MSTR

Key Points

• Kingswood Wealth Advisors LLC reduced its holdings in Strategy Inc by 3.1%, retaining 37,614 shares valued at approximately $15.2 million, making it the fund's 13th largest holding.
• Several hedge funds have recently increased their investments in Strategy, indicating a diverse interest, with 59.84% of the stock currently owned by institutional investors.
• Strategy has received mixed ratings from analysts, with an average rating of Moderate Buy and a consensus target price of $509.54, alongside recent positive earnings surpassing expectations.

Kingswood Wealth Advisors LLC cut its holdings in shares of Strategy Inc (NASDAQ:MSTR - Free Report) by 3.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,614 shares of the software maker's stock after selling 1,201 shares during the quarter. Strategy makes up approximately 1.2% of Kingswood Wealth Advisors LLC's holdings, making the stock its 13th largest holding. Kingswood Wealth Advisors LLC's holdings in Strategy were worth $15,205,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of MSTR. First United Bank & Trust purchased a new stake in Strategy during the 1st quarter worth approximately $29,000. MCF Advisors LLC acquired a new position in Strategy during the 2nd quarter valued at approximately $35,000. Maseco LLP acquired a new position in Strategy during the 2nd quarter valued at approximately $36,000. Hexagon Capital Partners LLC boosted its position in Strategy by 7,750.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 157 shares of the software maker's stock valued at $45,000 after purchasing an additional 155 shares during the period. Finally, SJS Investment Consulting Inc. boosted its position in Strategy by 25.8% during the 2nd 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 period. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. BTIG Research boosted their price objective on Strategy from $620.00 to $700.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Weiss Ratings reiterated a "hold (c)" rating on shares of Strategy in a research report on Saturday, September 27th. Monness Crespi & Hardt boosted their price target on Strategy from $175.00 to $200.00 and gave the stock a "sell" rating in a research report on Tuesday, July 15th. Canaccord Genuity Group reiterated a "buy" rating and set a $464.00 price target on shares of Strategy in a research report on Tuesday, August 26th. Finally, Cantor Fitzgerald reiterated 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 given a Sell rating to the company's stock. According to MarketBeat, Strategy currently has an average rating of "Moderate Buy" and a consensus target price of $509.54.

Insider Activity at Strategy

In other news, CFO Andrew Kang sold 18,750 shares of the business's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $395.00, for a total transaction of $7,406,250.00. Following the sale, the chief financial officer directly owned 24,460 shares of the company's stock, valued at $9,661,700. The trade was a 43.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jane A. Dietze purchased 1,500 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The shares were acquired at an average cost of $90.00 per share, for a total transaction of $135,000.00. Following the completion of the transaction, the director directly owned 1,500 shares of the company's stock, valued at $135,000. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 265,474 shares of company stock valued at $24,056,259 and sold 152,150 shares valued at $62,847,251. 8.46% of the stock is currently owned by company insiders.

Strategy Stock Up 2.3%

MSTR opened at $359.69 on Tuesday. Strategy Inc has a one year low of $178.00 and a one year high of $543.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. The stock's fifty day moving average is $350.47 and its 200-day moving average is $363.41. The company has a market capitalization of $101.99 billion, a PE ratio of 31.66 and a beta of 3.83.

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

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