Strategy Inc $MSTR Shares Sold by Harbour Investments Inc.

Key Points

• Harbour Investments Inc. significantly reduced its stake in Strategy Inc. by 63.2%, now holding 4,311 shares valued at approximately $1.74 million as of the latest filing.
• Strategy Inc. reported $32.60 EPS for the last quarter, exceeding estimates, with revenue up 2.7% year-over-year, totaling $114.49 million.
• Several brokerages have recently revised their ratings and target prices for Strategy, with Mizuho raising the target price to $586.00 and Wells Fargo lowering it to $54.00.

Harbour Investments Inc. decreased its stake in Strategy Inc (NASDAQ:MSTR - Free Report) by 63.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,311 shares of the software maker's stock after selling 7,408 shares during the period. Harbour Investments Inc.'s holdings in Strategy were worth $1,743,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. MCF Advisors LLC purchased a new stake in shares of Strategy in the second quarter worth about $35,000. Maseco LLP purchased a new stake in shares of Strategy in the second quarter worth about $36,000. Hexagon Capital Partners LLC boosted its position in shares of Strategy by 7,750.0% in the first quarter. Hexagon Capital Partners LLC now owns 157 shares of the software maker's stock worth $45,000 after buying an additional 155 shares during the period. SJS Investment Consulting Inc. boosted its position in shares of Strategy by 25.8% in the second quarter. SJS Investment Consulting Inc. now owns 117 shares of the software maker's stock worth $47,000 after buying an additional 24 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Strategy by 57.3% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 118 shares of the software maker's stock worth $48,000 after buying an additional 43 shares during the period. Hedge funds and other institutional investors own 59.84% of the company's stock.

Strategy Trading Down 4.4%

Shares of NASDAQ MSTR opened at $283.84 on Friday. The stock's 50 day moving average price is $337.93 and its two-hundred day moving average price is $362.34. Strategy Inc has a 52-week low of $185.81 and a 52-week high of $543.00. The stock has a market capitalization of $80.48 billion, a P/E ratio of 24.99 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 quarterly earnings data 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 return on equity of 18.83% and a net margin of 1,036.61%.The firm had revenue of $114.49 million for the quarter, compared to analysts' expectations of $112.68 million. During the same quarter in the prior year, the firm posted ($5.74) earnings per share. Strategy'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.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MSTR. Mizuho upped their target price on Strategy from $563.00 to $586.00 and gave the stock an "outperform" rating in a research report on Monday, August 11th. Weiss Ratings reissued a "hold (c)" rating on shares of Strategy in a report on Wednesday, October 8th. Wells Fargo & Company reissued an "equal weight" rating and issued a $54.00 price target (down previously from $65.00) on shares of Strategy in a report on Tuesday, September 30th. Cantor Fitzgerald reissued an "overweight" rating on shares of Strategy in a report on Wednesday, August 13th. Finally, Monness Crespi & Hardt increased their price target on Strategy from $175.00 to $200.00 and gave the company a "sell" rating in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $506.93.

Insider Activity

In other Strategy news, CFO Andrew Kang sold 18,750 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $395.00, for a total transaction 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 represents a 43.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Wei-Ming Shao sold 30,000 shares of the company's stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $357.37, for a total value 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. The trade was a 70.21% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 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 owned by corporate insiders.

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.

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