Strategy Inc $MSTR Shares Sold by Synergy Asset Management LLC

Key Points

• Synergy Asset Management LLC significantly reduced its stake in Strategy Inc, cutting its holdings by 93.0% in the second quarter, now owning only 707 shares valued at $286,000.
• Despite the drop in holdings from some investors, Fiduciary Alliance LLC and other firms increased their positions, with Fiduciary Alliance raising its stake by 28.4% during the same quarter.
• Strategy Inc reported earnings of $32.60 per share, which surpassed analysts’ expectations while revenue increased by 2.7% compared to the previous year, reaching $114.49 million.

Synergy Asset Management LLC decreased its holdings in Strategy Inc (NASDAQ:MSTR - Free Report) by 93.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 707 shares of the software maker's stock after selling 9,329 shares during the period. Synergy Asset Management LLC's holdings in Strategy were worth $286,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Fiduciary Alliance LLC lifted its position in Strategy by 28.4% during the second quarter. Fiduciary Alliance LLC now owns 44,918 shares of the software maker's stock worth $18,157,000 after buying an additional 9,937 shares in the last quarter. Swedbank AB acquired a new stake in shares of Strategy in the 1st quarter worth $17,352,000. GAMMA Investing LLC raised its holdings in shares of Strategy by 47.7% during the 1st quarter. GAMMA Investing LLC now owns 830 shares of the software maker's stock worth $239,000 after acquiring an additional 268 shares during the period. Yousif Capital Management LLC raised its holdings in shares of Strategy by 42.9% during the 1st quarter. Yousif Capital Management LLC now owns 2,909 shares of the software maker's stock worth $839,000 after acquiring an additional 873 shares during the period. Finally, NBC Securities Inc. purchased a new position in shares of Strategy during the 1st quarter worth $236,000. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Strategy Price Performance

MSTR stock opened at $351.63 on Friday. The business's fifty day moving average price is $351.36 and its 200 day moving average price is $362.20. Strategy Inc has a 12-month low of $163.97 and a 12-month high of $543.00. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $99.70 billion, a PE ratio of 30.95 and a beta of 3.83.

Strategy (NASDAQ:MSTR - Get Free Report) last released its earnings results on Thursday, July 31st. The software maker reported $32.60 earnings per share 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 company had revenue of $114.49 million during the quarter, compared to the consensus estimate of $112.68 million. During the same period in the previous year, the company posted ($5.74) EPS. Strategy's revenue 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 Buying and Selling

In related news, Director Gregg Winiarski bought 10,000 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was purchased at an average cost of $97.65 per share, with a total value of $976,500.00. Following the purchase, the director directly owned 10,000 shares of the company's stock, valued at $976,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Jeanine Montgomery sold 43,750 shares of the company's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $430.54, for a total value of $18,836,125.00. Following the sale, the chief accounting officer owned 8,606 shares in the company, valued at approximately $3,705,227.24. This trade represents a 83.56% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have bought 265,474 shares of company stock worth $24,056,259 and have sold 152,150 shares worth $62,847,251. 8.46% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MSTR shares. Mizuho raised their price objective on shares of Strategy from $563.00 to $586.00 and gave the stock an "outperform" rating in a research report on Monday, August 11th. BTIG Research lifted their price target on shares of Strategy from $620.00 to $700.00 and gave the company a "buy" rating in a research report on Friday, August 1st. TD Cowen cut their target price on Strategy from $640.00 to $620.00 and set a "buy" rating for the company in a research note on Tuesday, September 16th. Monness Crespi & Hardt raised their target price on Strategy from $175.00 to $200.00 and gave the stock a "sell" rating in a research note on Tuesday, July 15th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and issued a $464.00 price target on shares of Strategy in a research note on Tuesday, August 26th. One equities research 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. Based on data from MarketBeat, Strategy currently has an average rating of "Moderate Buy" and a consensus target price of $509.54.

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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