Sterling Financial Group Inc. Decreases Holdings in Strategy Inc $MSTR

Key Points

• Sterling Financial Group Inc. has reduced its stake in Strategy Inc by 50.9%, selling 3,731 shares and leaving it with 3,606 shares valued at approximately $1.46 million.
• Strategy Inc reported impressive earnings, with an EPS of $32.60 for the last quarter, significantly beating analysts' expectations and showing a year-over-year revenue increase of 2.7%.
• Insider activity at Strategy Inc includes significant purchases by directors, with Peter L. Briger, Jr. buying 220,000 shares for around $19.8 million, indicating strong confidence in the company's future prospects.

Sterling Financial Group Inc. lessened its stake in Strategy Inc (NASDAQ:MSTR - Free Report) by 50.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 3,606 shares of the software maker's stock after selling 3,731 shares during the period. Strategy comprises approximately 0.5% of Sterling Financial Group Inc.'s portfolio, making the stock its 29th largest position. Sterling Financial Group Inc.'s holdings in Strategy were worth $1,458,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of Strategy by 42,473.7% during the 1st quarter. GAMMA Investing LLC now owns 239,264 shares of the software maker's stock worth $68,973,000 after purchasing an additional 238,702 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Strategy by 25.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 802,464 shares of the software maker's stock worth $232,410,000 after buying an additional 162,757 shares during the period. Siemens Fonds Invest GmbH lifted its holdings in shares of Strategy by 6,992.7% in the fourth quarter. Siemens Fonds Invest GmbH now owns 119,654 shares of the software maker's stock valued at $33,000 after purchasing an additional 117,967 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Strategy by 27.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 528,850 shares of the software maker's stock valued at $152,452,000 after purchasing an additional 113,752 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. purchased a new position in shares of Strategy during the second quarter valued at approximately $37,391,000. Institutional investors and hedge funds own 59.84% of the company's stock.

Insider Transactions at Strategy

In other news, CAO Jeanine Montgomery sold 43,750 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $430.54, for a total transaction of $18,836,125.00. Following the completion of the transaction, the chief accounting officer owned 8,606 shares in the company, valued at approximately $3,705,227.24. This represents a 83.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gregg Winiarski purchased 10,000 shares of the business's stock in a transaction dated Friday, August 8th. The shares were purchased at an average price of $97.65 per share, with a total value of $976,500.00. Following the purchase, the director directly owned 10,000 shares in the company, valued at $976,500. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 265,474 shares of company stock worth $24,056,259 and have sold 142,150 shares worth $59,289,351. Company insiders own 8.46% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on MSTR. Cantor Fitzgerald reissued an "overweight" rating on shares of Strategy in a research report on Wednesday, August 13th. BTIG Research boosted their price target on shares of Strategy from $620.00 to $700.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Cowen reissued a "buy" rating on shares of Strategy in a research report on Wednesday, August 13th. Monness Crespi & Hardt lifted 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, Canaccord Genuity Group restated a "buy" rating and issued a $464.00 price objective on shares of Strategy in a research note on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $547.50.

Strategy Stock Down 1.3%

Shares of MSTR traded down $4.37 during trading hours on Friday, reaching $344.75. The stock had a trading volume of 17,669,417 shares, compared to its average volume of 10,064,784. The company has a market capitalization of $97.75 billion, a price-to-earnings ratio of 30.35 and a beta of 3.82. The firm has a 50-day simple moving average of $371.79 and a 200 day simple moving average of $359.18. Strategy Inc has a 12 month low of $141.64 and a 12 month high of $543.00. 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 released its quarterly earnings results on Thursday, July 31st. The software maker reported $32.60 EPS for the quarter, beating analysts' consensus estimates of ($0.12) by $32.72. The business had revenue of $114.49 million during 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 quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($5.74) EPS. 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.