Strategy Inc $MSTR Shares Purchased by Sloy Dahl & Holst LLC

Key Points

• Sloy Dahl & Holst LLC increased its stake in Strategy Inc by 20.8%, making it the 10th largest position in their portfolio, valued at $9,212,000.
• The share price of Strategy Inc is currently down 7.0%, with a recent trading price of $280.81, compared to a 52-week high of $543.00.
• Insider trading revealed significant sales, with CFO Andrew Kang selling 18,750 shares and EVP Wei-Ming Shao selling 30,000 shares, indicating a notable reduction in their ownership stakes.

Sloy Dahl & Holst LLC raised its position in shares of Strategy Inc (NASDAQ:MSTR - Free Report) by 20.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,789 shares of the software maker's stock after purchasing an additional 3,923 shares during the quarter. Strategy accounts for 1.3% of Sloy Dahl & Holst LLC's portfolio, making the stock its 10th largest position. Sloy Dahl & Holst LLC's holdings in Strategy were worth $9,212,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Ethic Inc. lifted its holdings in shares of Strategy by 76.6% during the second quarter. Ethic Inc. now owns 2,900 shares of the software maker's stock worth $1,113,000 after purchasing an additional 1,258 shares during the period. Rehmann Capital Advisory Group raised its position in Strategy by 43.6% during the 2nd quarter. Rehmann Capital Advisory Group now owns 1,008 shares of the software maker's stock worth $408,000 after buying an additional 306 shares during the last quarter. Sentry LLC acquired a new stake in Strategy during the 2nd quarter valued at approximately $209,000. Brookstone Capital Management boosted its holdings in shares of Strategy by 3.7% in the 2nd quarter. Brookstone Capital Management now owns 15,102 shares of the software maker's stock valued at $6,105,000 after acquiring an additional 545 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in shares of Strategy by 71.4% in the 2nd quarter. D.A. Davidson & CO. now owns 2,223 shares of the software maker's stock valued at $899,000 after acquiring an additional 926 shares during the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Strategy Stock Down 7.0%

Shares of NASDAQ MSTR opened at $280.81 on Thursday. The company's 50-day simple moving average is $329.72 and its 200-day simple moving average is $362.17. Strategy Inc has a 52-week low of $204.91 and a 52-week high of $543.00. The firm has a market cap of $79.62 billion, a price-to-earnings ratio of 24.72 and a beta of 3.83. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17.

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, beating the consensus estimate of ($0.12) by $32.72. Strategy had a net margin of 1,036.61% and a return on equity of 18.83%. The business had revenue of $114.49 million for the quarter, compared to analyst estimates of $112.68 million. During the same quarter last year, the business earned ($5.74) earnings per share. The company's revenue for the quarter was up 2.7% compared to the same quarter last year. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insider Transactions at Strategy

In related news, CFO Andrew Kang sold 18,750 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $395.00, for a total transaction of $7,406,250.00. Following the completion of the sale, the chief financial officer owned 24,460 shares of the company's stock, valued at approximately $9,661,700. This represents a 43.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Wei-Ming Shao sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $357.37, for a total value of $10,721,100.00. Following the transaction, the executive vice president owned 12,726 shares in the company, valued at approximately $4,547,890.62. This represents a 70.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders bought 289,254 shares of company stock valued at $26,372,670 and sold 65,000 shares valued at $24,099,750. Corporate insiders own 8.46% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Cowen restated a "buy" rating on shares of Strategy in a research report on Wednesday, August 13th. BTIG Research raised their target price on Strategy from $620.00 to $700.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Weiss Ratings restated a "hold (c)" rating on shares of Strategy in a research report on Wednesday, October 8th. Cantor Fitzgerald reiterated an "overweight" rating on shares of Strategy in a research note on Wednesday, August 13th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $54.00 price objective (down previously from $65.00) on shares of Strategy in a report on Tuesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $505.47.

Strategy Company 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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