QRG Capital Management Inc. Trims Stake in Strategy Inc $MSTR

Key Points

• QRG Capital Management trimmed its stake in Strategy Inc. (NASDAQ:MSTR) by 24.0% in Q4, selling 9,765 shares and leaving 30,923 shares valued at about $4.699M.
• Strategy reported a massive Q1 loss (EPS -$38.25) driven by unrealized Bitcoin markdowns, and management signaled it "will probably sell some bitcoin" to fund preferred dividends, heightening earnings volatility tied to BTC prices.
• Insiders sold a total of 25,452 shares (~$3.71M) last quarter, institutional ownership is ~59.84%, and analysts have a consensus "Moderate Buy" with an average target of $313.93 while the stock trades near $186.82.

QRG Capital Management Inc. lessened its position in Strategy Inc (NASDAQ:MSTR - Free Report) by 24.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,923 shares of the software maker's stock after selling 9,765 shares during the quarter. QRG Capital Management Inc.'s holdings in Strategy were worth $4,699,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in MSTR. Federated Hermes Inc. bought a new position in Strategy in the second quarter worth $396,000. Cary Street Partners Financial LLC purchased a new stake in shares of Strategy in the 2nd quarter worth about $202,000. Sei Investments Co. increased its stake in shares of Strategy by 136.0% in the 2nd quarter. Sei Investments Co. now owns 39,905 shares of the software maker's stock worth $16,125,000 after acquiring an additional 22,999 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Strategy by 59.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,215 shares of the software maker's stock worth $7,767,000 after acquiring an additional 7,158 shares in the last quarter. Finally, Peapack Gladstone Financial Corp lifted its position in Strategy by 22.0% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 3,055 shares of the software maker's stock valued at $1,235,000 after acquiring an additional 550 shares during the period. 59.84% of the stock is currently owned by institutional investors.

Strategy Stock Down 0.0%

MSTR stock opened at $186.82 on Thursday. The stock has a market capitalization of $62.35 billion, a P/E ratio of -4.65 and a beta of 3.59. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.62 and a quick ratio of 5.62. Strategy Inc has a 1-year low of $104.17 and a 1-year high of $457.22. The business has a fifty day moving average price of $143.11 and a 200-day moving average price of $168.91.

Strategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The software maker reported ($38.25) EPS for the quarter, missing the consensus estimate of ($0.86) by ($37.39). The business had revenue of $124.30 million during the quarter, compared to the consensus estimate of $120.75 million. Strategy had a negative return on equity of 25.37% and a negative net margin of 2,482.01%.Strategy's quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($16.49) earnings per share. Equities analysts forecast that Strategy Inc will post 136.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MSTR. Truist Financial set a $268.00 target price on shares of Strategy in a research note on Friday, January 9th. Canaccord Genuity Group set a $185.00 price target on Strategy and gave the stock a "buy" rating in a research note on Wednesday, February 4th. Zacks Research lowered Strategy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 7th. B. Riley Financial reissued a "buy" rating on shares of Strategy in a report on Wednesday, April 29th. Finally, Wall Street Zen cut shares of Strategy from a "hold" rating to a "sell" rating in a research note on Sunday, February 8th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $313.93.

Insider Activity at Strategy

In related news, CFO Andrew Kang sold 2,373 shares of the firm's stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $138.33, for a total value of $328,257.09. Following the sale, the chief financial officer owned 26,772 shares in the company, valued at approximately $3,703,370.76. This trade represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jarrod M. Patten sold 3,400 shares of Strategy stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $130.65, for a total transaction of $444,210.00. Following the completion of the sale, the director directly owned 28,000 shares of the company's stock, valued at approximately $3,658,200. This trade represents a 10.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 25,452 shares of company stock worth $3,708,002 over the last quarter. Company insiders own 8.46% of the company's stock.

Strategy News Summary

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Bitcoin strength and bullish industry forecasts boost the value of Strategy’s BTC treasury — Bitcoin trading above $80k and bullish commentary (VanEck research head projecting dramatic long‑term upside) increase the market value of Strategy’s bitcoin holdings and improve the company’s balance‑sheet outlook if prices hold. VanEck Forecast: Bitcoin Could Climb To $1,000,000 By 2031
• Positive Sentiment: STRC preferred shares gain wider distribution — A London listing for the Strategy Yield ETN tied to STRC increases access for U.K. investors, supporting demand for Strategy’s preferred financing vehicle and easing funding pressure. U.K. Investors Gain Access to Strategy STRC Shares
• Neutral Sentiment: Analyst target moves—mixed signal — Benchmark trimmed its target (from $705 to $570) but kept a buy stance; analysts remain polarized, implying continued upside from current levels but with divergent valuations. Benchmark Lowers Target on Strategy — Benzinga
• Neutral Sentiment: ATM equity program and recent $82M stock sales provide cash but can be dilutive — Management continues to use equity funding (ATM) to support treasury activities; this supplies liquidity but can pressure shares if repeated. Strategy Raises $82M Through MSTR Stock Sales — Yahoo Finance
• Negative Sentiment: Massive Q1 unrealized loss and earnings miss — Strategy reported a ~$12.5B Q1 net loss (EPS -$38.25), driven by unrealized bitcoin markdowns; that volatility makes reported earnings highly dependent on BTC price swings and is pressuring sentiment. Saylor's Strategy Posts Wider Quarterly Loss — Reuters
• Negative Sentiment: Management opens door to selling bitcoin — Michael Saylor and other executives signaled Strategy “will probably sell some bitcoin” to fund preferred dividends and “inoculate” markets, a major policy change that can be read as pragmatic liquidity management but risks depressing BTC upside and investor conviction in the pure‑treasury story. Strategy Breaks From 'Never Sell' Bitcoin Approach — CNBC
• Negative Sentiment: Insider share sales and pause in preferred‑funded buys raise governance & funding questions — Recent director sales and a halt to preferred‑share funded buys reduce a prior, predictable source of BTC demand and may increase perceived execution risk. SEC Filing — Insider Sales MicroStrategy Halts Preferred-Share Sales — BeInCrypto

Strategy Company Profile

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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