QTR Family Wealth LLC Sells 2,453 Shares of Strategy Inc $MSTR

Key Points

• QTR Family Wealth LLC sold 2,453 shares of Strategy Inc (NASDAQ:MSTR), reducing its stake by 29.7% to a total of 5,817 shares, which now constitutes about 1.5% of their portfolio.
• Strategy Inc reported a significant earnings surprise, with EPS of $32.60 for the last quarter, exceeding the consensus estimate of ($0.12), and its revenue increased by 2.7% year-over-year.
• Several research firms have updated their price targets for Strategy Inc, with BTIG Research raising its target from $620.00 to $700.00 and overall consensus rating now classified as "Moderate Buy."

QTR Family Wealth LLC reduced its stake in shares of Strategy Inc (NASDAQ:MSTR - Free Report) by 29.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 5,817 shares of the software maker's stock after selling 2,453 shares during the period. Strategy comprises approximately 1.5% of QTR Family Wealth LLC's portfolio, making the stock its 17th biggest position. QTR Family Wealth LLC's holdings in Strategy were worth $2,351,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First United Bank & Trust bought a new stake in Strategy during the 1st quarter worth approximately $29,000. MCF Advisors LLC bought a new position in shares of Strategy in the second quarter valued at approximately $35,000. Maseco LLP bought a new position in shares of Strategy in the second quarter valued at approximately $36,000. Hexagon Capital Partners LLC grew 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 acquiring an additional 155 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its holdings in shares of Strategy by 25.8% in the second quarter. SJS Investment Consulting Inc. now owns 117 shares of the software maker's stock valued at $47,000 after acquiring an additional 24 shares in the last quarter. 59.84% of the stock is owned by institutional investors.

Strategy Price Performance

Shares of NASDAQ MSTR opened at $322.57 on Wednesday. The stock has a fifty day simple moving average of $355.18 and a two-hundred day simple moving average of $361.48. Strategy Inc has a 1-year low of $157.02 and a 1-year high of $543.00. The firm has a market cap of $91.46 billion, a price-to-earnings ratio of 28.40 and a beta of 3.82. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17.

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

Insider Activity

In other Strategy news, EVP Wei-Ming Shao sold 10,000 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $355.79, for a total transaction of $3,557,900.00. Following the sale, the executive vice president owned 12,726 shares in the company, valued at $4,527,783.54. This represents a 44.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Andrew Kang sold 18,750 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $395.00, for a total value of $7,406,250.00. Following the sale, the chief financial officer owned 24,460 shares in the company, valued at approximately $9,661,700. This represents a 43.39% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, 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. Insiders own 8.46% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on MSTR. BTIG Research upped their target price on Strategy from $620.00 to $700.00 and gave the company a "buy" rating in a report on Friday, August 1st. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Strategy in a report on Wednesday, August 13th. Mizuho upped their target price on Strategy from $563.00 to $586.00 and gave the company an "outperform" rating in a report on Monday, August 11th. Cowen reissued a "buy" rating on shares of Strategy in a report on Wednesday, August 13th. Finally, Benchmark reissued a "buy" rating on shares of Strategy in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $509.54.

About Strategy

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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