Strategy Inc $MSTR Stake Cut by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. reduced its holdings in Strategy Inc (NASDAQ:MSTR - Free Report) by 52.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,617 shares of the software maker's stock after selling 7,357 shares during the period. Atria Wealth Solutions Inc.'s holdings in Strategy were worth $2,674,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MSTR. MCF Advisors LLC purchased a new stake in Strategy in the 2nd quarter worth about $35,000. Maseco LLP purchased a new stake in Strategy in the 2nd quarter worth about $36,000. Hexagon Capital Partners LLC raised its stake in shares of Strategy by 7,750.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 157 shares of the software maker's stock worth $45,000 after purchasing an additional 155 shares in the last quarter. SJS Investment Consulting Inc. raised its stake in shares of Strategy by 25.8% during the 2nd quarter. SJS Investment Consulting Inc. now owns 117 shares of the software maker's stock worth $47,000 after purchasing an additional 24 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Strategy by 57.3% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 118 shares of the software maker's stock worth $48,000 after purchasing an additional 43 shares in the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Strategy

In related news, Director Gregg Winiarski purchased 10,000 shares of the firm's stock in a transaction on Friday, August 8th. The shares were bought at an average cost of $97.65 per share, for a total transaction of $976,500.00. Following the transaction, the director directly owned 10,000 shares of the company's stock, valued at approximately $976,500. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Peter L. Briger, Jr. purchased 220,000 shares of the firm's stock in a transaction on Tuesday, July 29th. The stock was bought at an average price of $90.00 per share, for a total transaction of $19,800,000.00. Following the completion of the transaction, the director directly owned 220,000 shares in the company, valued at approximately $19,800,000. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 265,474 shares of company stock worth $24,056,259 and sold 65,000 shares worth $24,099,750. Company insiders own 8.46% of the company's stock.

Wall Street Analysts Forecast Growth

MSTR has been the subject of a number of recent research reports. Benchmark reaffirmed a "buy" rating on shares of Strategy in a research note on Wednesday, August 13th. TD Cowen cut their price target on Strategy from $640.00 to $620.00 and set a "buy" rating for the company in a research note on Tuesday, September 16th. Cowen reaffirmed a "buy" rating on shares of Strategy in a research note on Wednesday, August 13th. Monness Crespi & Hardt raised their price target on Strategy from $175.00 to $200.00 and gave the stock a "sell" rating in a research note on Tuesday, July 15th. Finally, Mizuho increased their price objective on Strategy from $563.00 to $586.00 and gave the company an "outperform" rating in a report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Strategy currently has a consensus rating of "Moderate Buy" and a consensus price target of $509.54.

Strategy Stock Performance

MSTR opened at $300.67 on Wednesday. The firm has a market capitalization of $85.25 billion, a P/E ratio of 26.47 and a beta of 3.83. The stock's 50 day moving average price is $342.03 and its two-hundred day moving average price is $362.83. 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 Inc has a 12-month low of $185.81 and a 12-month high of $543.00.

Strategy (NASDAQ:MSTR - Get Free Report) last released its earnings results on Thursday, July 31st. The software maker reported $32.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.12) by $32.72. The firm had revenue of $114.49 million for the quarter, compared to analyst estimates of $112.68 million. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.The company's revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted ($5.74) EPS. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

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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