Strategy Inc $MSTR Shares Sold by BLKBRD Asset Management LP

Key Points

• BLKBRD Asset Management cut its stake in Strategy Inc by 93.5% in the fourth quarter, selling 108,015 shares and leaving it with 7,468 shares worth about $1.14 million.
• Strategy’s executives also sold stock recently: CFO Andrew Kang and CEO Phong Le both sold shares on June 5 to cover tax withholding tied to equity awards, with insiders selling 195,264 shares worth about $25.5 million over the last 90 days.
• The company continues its aggressive Bitcoin strategy, recently buying 1,587 BTC for about $100 million, while analysts remain mixed-to-bullish with a consensus Moderate Buy rating and an average price target of $313.93.

BLKBRD Asset Management LP lowered its position in shares of Strategy Inc (NASDAQ:MSTR - Free Report) by 93.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 7,468 shares of the software maker's stock after selling 108,015 shares during the quarter. Strategy comprises about 1.5% of BLKBRD Asset Management LP's portfolio, making the stock its 19th largest position. BLKBRD Asset Management LP's holdings in Strategy were worth $1,135,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Rakuten Investment Management Inc. lifted its holdings in shares of Strategy by 1,102.1% in the 4th quarter. Rakuten Investment Management Inc. now owns 25,509 shares of the software maker's stock valued at $3,964,000 after buying an additional 23,387 shares during the period. Abound Financial LLC lifted its holdings in shares of Strategy by 2.4% in the 4th quarter. Abound Financial LLC now owns 4,460 shares of the software maker's stock valued at $678,000 after buying an additional 104 shares during the period. L2 Asset Management LLC lifted its holdings in shares of Strategy by 10.5% in the 4th quarter. L2 Asset Management LLC now owns 1,346 shares of the software maker's stock valued at $205,000 after buying an additional 128 shares during the period. Cynosure Group LLC acquired a new position in shares of Strategy in the 4th quarter valued at about $517,000. Finally, Tamar Securities LLC acquired a new position in shares of Strategy in the 4th quarter valued at about $240,000. Institutional investors and hedge funds own 59.84% of the company's stock.

Insider Buying and Selling

In other Strategy news, CFO Andrew Kang sold 33,062 shares of the business's stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $118.73, for a total transaction of $3,925,451.26. Following the completion of the sale, the chief financial officer directly owned 68,733 shares in the company, valued at approximately $8,160,669.09. The trade was a 32.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Phong Le sold 93,738 shares of the business's stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $118.73, for a total value of $11,129,512.74. Following the sale, the chief executive officer owned 119,925 shares of the company's stock, valued at approximately $14,238,695.25. This trade represents a 43.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 195,264 shares of company stock valued at $25,497,204. 6.49% of the stock is owned by company insiders.

Key Headlines Impacting Strategy

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Strategy added 1,587 BTC for about $100 million, reinforcing its long-term Bitcoin accumulation strategy and keeping investor attention on potential upside if BTC continues higher. Saylor’s Strategy buys 1,587 BTC for $100M, holdings hit 846.8K
• Positive Sentiment: Bitcoin’s rebound above $65,000 after the U.S.-Iran peace deal has lifted crypto-related stocks, including MSTR, by improving risk appetite and supporting the value of Strategy’s Bitcoin holdings. Strategy Stock Soars With Bitcoin After U.S.-Iran Deal
• Positive Sentiment: TD Cowen reiterated a Buy rating and $400 price target, arguing fears of a “death spiral” are overdone and that Strategy’s financing structure still supports Bitcoin accumulation. Analyst Reiterates Buy on MicroStrategy, Maintains $400 Price Target on STRC-Fueled Bitcoin Accumulation Strategy
• Neutral Sentiment: Saylor used recent commentary to defend the company’s structure, arguing returns should come from financial products built around Bitcoin rather than protocol-level yield features. Bitcoin doesn't need Ethereum-style yield, says Strategy's Michael Saylor
• Negative Sentiment: Bearish commentary from Peter Schiff and other critics is adding pressure by questioning whether Strategy’s model is now transferring value from shareholders to Bitcoin purchases. Peter Schiff Claims Strategy Bitcoin Math Has Turned Against MSTR
• Negative Sentiment: The stock has also been hurt by broader skepticism around valuation and the sustainability of the equity-funded Bitcoin strategy, especially after recent dilution-related concerns. Strategy (MSTR) Stock Could Be 16% Below Fair Value After $100 Million Bitcoin Buy

Strategy Stock Performance

NASDAQ MSTR opened at $122.81 on Wednesday. The stock has a market capitalization of $43.04 billion, a price-to-earnings ratio of -3.06 and a beta of 3.49. Strategy Inc has a twelve month low of $104.17 and a twelve month high of $457.22. The company has a current ratio of 6.05, a quick ratio of 6.05 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average of $153.45 and a 200 day moving average of $151.17.

Strategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The software maker reported ($38.25) earnings per share for the quarter, missing analysts' consensus estimates of ($0.86) by ($37.39). The business had revenue of $124.30 million during the quarter, compared to analyst estimates of $120.75 million. Strategy had a negative return on equity of 26.97% and a negative net margin of 2,482.01%.The business's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($16.49) EPS. Sell-side analysts anticipate that Strategy Inc will post 116.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Mizuho decreased their price objective on Strategy from $320.00 to $265.00 and set an "outperform" rating for the company in a report on Monday, June 1st. Monness Crespi & Hardt reissued a "neutral" rating on shares of Strategy in a report on Tuesday, June 2nd. Canaccord Genuity Group set a $163.00 price objective on Strategy and gave the company a "buy" rating in a report on Wednesday, June 3rd. Benchmark reissued a "buy" rating on shares of Strategy in a report on Tuesday, June 2nd. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Strategy in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have given a Hold rating and one has issued a Sell 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.

About Strategy

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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