Strategy Inc $MSTR Shares Sold by Brevan Howard Capital Management LP

Key Points

• Brevan Howard Capital Management LP reduced its stake in Strategy Inc (NASDAQ:MSTR) by 17.3%, selling 12,987 shares and leaving 62,129 shares valued at about $20.02 million.
• Analysts hold a consensus “Moderate Buy” on MSTR with an average price target of $368.21 and notable individual targets ranging from about $185 to $450.
• Strategy reported a steep quarterly loss (EPS -$42.93) and an extremely negative net margin (-806.34%), while institutional ownership is roughly 59.84% and insiders have recently both bought (director 5,000 shares) and sold (CFO 916 shares).

Brevan Howard Capital Management LP lowered its stake in Strategy Inc (NASDAQ:MSTR - Free Report) by 17.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,129 shares of the software maker's stock after selling 12,987 shares during the quarter. Brevan Howard Capital Management LP's holdings in Strategy were worth $20,019,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in Strategy by 0.6% in the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 9,533 shares of the software maker's stock worth $3,061,000 after acquiring an additional 53 shares during the period. California Public Employees Retirement System raised its stake in shares of Strategy by 9.1% during the third quarter. California Public Employees Retirement System now owns 448,157 shares of the software maker's stock valued at $144,401,000 after purchasing an additional 37,561 shares during the period. Alliancebernstein L.P. raised its stake in shares of Strategy by 0.6% during the third quarter. Alliancebernstein L.P. now owns 82,800 shares of the software maker's stock valued at $26,679,000 after purchasing an additional 492 shares during the period. SummitTX Capital L.P. lifted its position in shares of Strategy by 20.0% during the third quarter. SummitTX Capital L.P. now owns 1,680 shares of the software maker's stock worth $541,000 after purchasing an additional 280 shares in the last quarter. Finally, Ancora Advisors LLC boosted its stake in shares of Strategy by 38.5% in the third quarter. Ancora Advisors LLC now owns 360 shares of the software maker's stock valued at $116,000 after purchasing an additional 100 shares during the period. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on MSTR. Sanford C. Bernstein set a $450.00 price target on shares of Strategy and gave the company an "outperform" rating in a report on Monday, December 8th. Canaccord Genuity Group set a $185.00 price objective on shares of Strategy and gave the company a "buy" rating in a research report on Wednesday, February 4th. Weiss Ratings restated a "hold (c)" rating on shares of Strategy in a research note on Monday, December 29th. Cantor Fitzgerald started coverage on Strategy in a research report on Tuesday, January 27th. They set an "overweight" rating on the stock. Finally, Mizuho set a $320.00 price target on Strategy and gave the stock an "outperform" rating in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Strategy presently has an average rating of "Moderate Buy" and a consensus target price of $368.21.

More Strategy News

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Bitcoin strength lifted crypto-linked equities, giving Strategy direct upside as BTC trades higher and market attention returns. Bitcoin Rises to $73,000, Boosting Crypto Stocks
• Positive Sentiment: Strategy continued large BTC accumulation (reported recent buys), reinforcing its thesis that holding Bitcoin drives its equity performance and explaining part of today’s buying interest. Bitcoin Price From $70,000 To $110,000 In 2 Months? Analyst Reveals How
• Positive Sentiment: New trading products (USDt-settled perpetuals tied to MSTR) on crypto exchanges expand around-the-clock exposure for traders, likely increasing short-term volume and volatility in the stock. KuCoin launches perpetual futures tracking Tesla and Strategy stocks
• Neutral Sentiment: Analyst attention is rising — some brokerage notes and initiations (including B. Riley coverage and bullish price-target commentary) are spotlighting upside potential, which can support buying momentum. Why This Analyst Is Betting That MicroStrategy Stock Can Gain 25% from Here
• Neutral Sentiment: Company leadership (Michael Saylor and others) is framing recent purchases as a long-term strategy, which may calm some investors but also implies multi-year risk/reward rather than near-term certainty. Michael Saylor Urges Long-Term View as Strategy Expands Bitcoin Holdings
• Negative Sentiment: Insiders (CEO, CFO, CAO) reported recent share sales — these filings can weigh on sentiment, especially when combined with a highly concentrated BTC-driven thesis. Phong Le Insider Trade
• Negative Sentiment: Elevated short interest and headlines about “lookalike” firms that bought crypto and later collapsed increase perceived downside risk; Strategy remains exposed to large unrealized BTC losses and Q4 fundamentals remain weak by some metrics. Strategy Lookalikes Loaded Up on Crypto—and Their Stocks Collapsed. What’s Next.
• Negative Sentiment: Commentary noting a surge in short interest vs. bullish price targets suggests higher volatility ahead — upside is tied to BTC moves, but downside could be sharp if sentiment reverses. Expert Predicts MSTR Stock Rally To $180 Even as Strategy’s Short Interest Surges

Strategy Trading Up 1.7%

NASDAQ MSTR opened at $139.67 on Friday. The company has a market capitalization of $46.61 billion, a price-to-earnings ratio of -7.59 and a beta of 3.55. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.62 and a quick ratio of 5.62. Strategy Inc has a 12 month low of $104.17 and a 12 month high of $457.22. The company's fifty day moving average price is $144.79 and its two-hundred day moving average price is $215.93.

Strategy (NASDAQ:MSTR - Get Free Report) last released its earnings results on Thursday, February 5th. The software maker reported ($42.93) earnings per share for the quarter, missing the consensus estimate of $46.02 by ($88.95). The company had revenue of $122.99 million during the quarter, compared to the consensus estimate of $117.42 million. Strategy had a negative return on equity of 8.74% and a negative net margin of 806.34%.Strategy's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($3.03) EPS.

Insider Transactions at Strategy

In other news, Director Carl J. Rickertsen bought 5,000 shares of Strategy stock in a transaction on Monday, January 12th. The shares were bought at an average price of $155.88 per share, with a total value of $779,400.00. Following the acquisition, the director directly owned 5,000 shares in the company, valued at approximately $779,400. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Andrew Kang sold 916 shares of Strategy stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $137.25, for a total value of $125,721.00. Following the completion of the transaction, the chief financial officer owned 23,815 shares of the company's stock, valued at approximately $3,268,608.75. The trade was a 3.70% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders purchased 6,012 shares of company stock valued at $880,080 and sold 3,210 shares valued at $440,573. Corporate insiders own 8.46% of the company's stock.

Strategy Profile

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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