Strategy Inc $MSTR Shares Bought by Pinnacle Wealth Management LLC

Key Points

• Pinnacle Wealth Management LLC increased its stake in Strategy Inc by 853.2% in Q2, now owning 6,663 shares valued at approximately $2.69 million.
• A significant insider, EVP Wei-Ming Shao, sold 30,000 shares valued at over $10.7 million, reducing their ownership by 70.21%.
• Strategy's stock performance includes a 52-week range of $197.10 to $543.00, with a last known share price of $289.87.

Pinnacle Wealth Management LLC boosted its stake in shares of Strategy Inc (NASDAQ:MSTR - Free Report) by 853.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,663 shares of the software maker's stock after acquiring an additional 5,964 shares during the quarter. Strategy comprises 2.3% of Pinnacle Wealth Management LLC's investment portfolio, making the stock its 18th biggest holding. Pinnacle Wealth Management LLC's holdings in Strategy were worth $2,693,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of MSTR. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Strategy by 27.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 528,850 shares of the software maker's stock worth $152,452,000 after buying an additional 113,752 shares in the last quarter. Mn Services Vermogensbeheer B.V. purchased a new position in shares of Strategy during the 2nd quarter worth approximately $37,391,000. Swedbank AB purchased a new position in shares of Strategy during the 1st quarter worth approximately $17,352,000. Robeco Institutional Asset Management B.V. raised its stake in shares of Strategy by 75.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 125,650 shares of the software maker's stock worth $50,791,000 after buying an additional 54,144 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Strategy during the 1st quarter worth approximately $13,795,000. 59.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Strategy

In other news, EVP Wei-Ming Shao sold 30,000 shares of the firm's stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $357.37, for a total transaction of $10,721,100.00. Following the sale, the executive vice president owned 12,726 shares in the company, valued at $4,547,890.62. This trade represents a 70.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Andrew Kang sold 18,750 shares of the firm's 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 $9,661,700. This trade represents a 43.39% decrease in their position. The disclosure for this sale 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 65,000 shares valued at $24,099,750. 8.46% of the stock is currently owned by corporate insiders.

Strategy Stock Performance

Strategy stock opened at $289.87 on Friday. 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 has a fifty day moving average of $335.82 and a two-hundred day moving average of $362.58. The company has a market capitalization of $82.19 billion, a price-to-earnings ratio of 25.52 and a beta of 3.83. Strategy Inc has a fifty-two week low of $197.10 and a fifty-two week high of $543.00.

Strategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The software maker reported $32.60 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $32.72. The company had revenue of $114.49 million during 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%.Strategy's revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted ($5.74) earnings per share. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Weiss Ratings reissued a "hold (c)" rating on shares of Strategy in a research note on Wednesday, October 8th. Benchmark reaffirmed a "buy" rating on shares of Strategy in a report on Wednesday, August 13th. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Strategy in a report on Wednesday, August 13th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $464.00 price objective on shares of Strategy in a report on Tuesday, August 26th. Finally, China Renaissance started coverage on Strategy in a report on Wednesday. They set a "buy" rating and a $473.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $506.93.

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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