Strategy Inc $MSTR Stake Raised by BNC Wealth Management LLC

Key Points

• BNC Wealth Management LLC increased its stake in Strategy Inc (NASDAQ:MSTR) by 44.7% during the 2nd quarter, now owning a total of 5,928 shares valued at approximately $2.4 million.
• Strategy Inc's stock price recently dropped by 2.4%, with a current market capitalization of $92.94 billion and a P/E ratio of 28.85.
• In its latest earnings report, Strategy Inc reported an EPS of $32.60, significantly beating expectations and showing a year-over-year revenue increase of 2.7%.

BNC Wealth Management LLC increased its holdings in Strategy Inc (NASDAQ:MSTR - Free Report) by 44.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,928 shares of the software maker's stock after acquiring an additional 1,831 shares during the period. BNC Wealth Management LLC's holdings in Strategy were worth $2,396,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. SJS Investment Consulting Inc. lifted its stake in Strategy by 25.8% in the 2nd quarter. SJS Investment Consulting Inc. now owns 117 shares of the software maker's stock worth $47,000 after acquiring an additional 24 shares in the last quarter. Summit Financial LLC raised its stake in shares of Strategy by 5.3% during the 1st quarter. Summit Financial LLC now owns 815 shares of the software maker's stock worth $235,000 after purchasing an additional 41 shares in the last quarter. Rothschild Investment LLC raised its stake in shares of Strategy by 2.3% during the 1st quarter. Rothschild Investment LLC now owns 2,049 shares of the software maker's stock worth $591,000 after purchasing an additional 46 shares in the last quarter. Mill Creek Capital Advisors LLC raised its stake in shares of Strategy by 2.8% during the 1st quarter. Mill Creek Capital Advisors LLC now owns 1,701 shares of the software maker's stock worth $490,000 after purchasing an additional 46 shares in the last quarter. Finally, SeaCrest Wealth Management LLC raised its stake in shares of Strategy by 1.9% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 2,519 shares of the software maker's stock worth $1,018,000 after purchasing an additional 47 shares in the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

Strategy Stock Down 2.4%

NASDAQ MSTR opened at $327.78 on Wednesday. The stock has a fifty day moving average of $367.20 and a 200-day moving average of $359.69. The stock has a market capitalization of $92.94 billion, a P/E ratio of 28.85 and a beta of 3.82. Strategy Inc has a 52 week low of $146.71 and a 52 week high of $543.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68.

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

Insider Buying and Selling

In related news, CFO Andrew Kang sold 18,750 shares of Strategy stock in a transaction 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 completion of the sale, the chief financial officer directly owned 24,460 shares of the company's stock, valued at $9,661,700. The trade was a 43.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jane A. Dietze acquired 1,500 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The shares were bought at an average cost of $90.00 per share, with a total value of $135,000.00. Following the completion of the purchase, the director owned 1,500 shares of the company's stock, valued at $135,000. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 265,474 shares of company stock worth $24,056,259 and sold 152,150 shares worth $62,847,251. Corporate insiders own 8.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. 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. 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. Cantor Fitzgerald reissued an "overweight" rating on shares of Strategy in a report on Wednesday, August 13th. BTIG Research increased their price objective on Strategy from $620.00 to $700.00 and gave the company a "buy" rating in a report on Friday, August 1st. 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 given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $547.50.

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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