Strategy Inc $MSTR Stock: Nisa Investment Advisors LLC Lowers Holdings

Key Points

• Nisa Investment Advisors cut its Strategy stake by 51.3% in the third quarter, selling 7,463 shares and retaining 7,090 shares valued at approximately $1.085 million. Institutional investors still own 59.84% of MSTR.
• Strategy shares opened at $139.82, down 4.2%, and have traded between $81.81 and $299.80 over the past year. The company reported a quarterly loss of $24.45 per share, far below the $2.19 consensus estimate.
• Analyst sentiment remains generally positive, with a “Moderate Buy” consensus and an average price target of $246.13, despite insider selling and significant earnings volatility.

Nisa Investment Advisors LLC cut its stake in Strategy Inc (NASDAQ:MSTR - Free Report) by 51.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,090 shares of the software maker's stock after selling 7,463 shares during the quarter. Nisa Investment Advisors LLC's holdings in Strategy were worth $1,085,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MSTR. Renaissance Technologies LLC boosted its position in shares of Strategy by 122.6% in the first quarter. Renaissance Technologies LLC now owns 2,130,881 shares of the software maker's stock worth $265,934,000 after buying an additional 1,173,549 shares during the period. State Street Corp raised its holdings in shares of Strategy by 7.2% during the 2nd quarter. State Street Corp now owns 7,527,561 shares of the software maker's stock valued at $654,371,000 after buying an additional 506,635 shares during the period. Royal Bank of Canada raised its holdings in shares of Strategy by 685.2% during the 1st quarter. Royal Bank of Canada now owns 339,001 shares of the software maker's stock valued at $42,308,000 after buying an additional 295,829 shares during the period. First Trust Advisors LP raised its holdings in shares of Strategy by 24.3% during the 1st quarter. First Trust Advisors LP now owns 755,890 shares of the software maker's stock valued at $94,335,000 after buying an additional 147,562 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in Strategy during the 2nd quarter worth approximately $10,602,000. 59.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Strategy

In other Strategy news, Director Jarrod Patten sold 1,350 shares of the company's stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $156.16, for a total value of $210,816.00. Following the transaction, the director directly owned 28,406 shares of the company's stock, valued at $4,435,880.96. This represents a 4.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders sold 10,200 shares of company stock worth $1,443,356. 5.40% of the stock is owned by insiders.

Strategy Stock Down 4.2%

Shares of NASDAQ MSTR opened at $139.82 on Tuesday. Strategy Inc has a 1 year low of $81.81 and a 1 year high of $299.80. The firm has a market cap of $53.72 billion, a price-to-earnings ratio of -1.44 and a beta of 3.56. The company has a debt-to-equity ratio of 0.22, a quick ratio of 5.39 and a current ratio of 5.39. The stock's 50-day simple moving average is $140.63 and its 200-day simple moving average is $134.96.

Strategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The software maker reported ($24.45) EPS for the quarter, missing the consensus estimate of ($2.19) by ($22.26). The business had revenue of $122.37 million during the quarter, compared to analyst estimates of $122.90 million. Strategy had a negative return on equity of 74.18% and a negative net margin of 6,102.95%. The company's revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $32.52 EPS. As a group, equities analysts anticipate that Strategy Inc will post -15.60 earnings per share for the current fiscal year.

Analyst Ratings Changes

MSTR has been the subject of a number of analyst reports. Canaccord Genuity Group upped their price target on Strategy from $175.00 to $179.00 and gave the stock a "buy" rating in a report on Tuesday, September 8th. Zacks Research upgraded shares of Strategy from a "strong sell" rating to a "hold" rating in a research note on Monday, September 21st. BTIG Research reissued a "buy" rating and set a $250.00 target price on shares of Strategy in a research report on Friday, July 31st. Cantor Fitzgerald upped their target price on shares of Strategy from $186.00 to $208.00 and gave the company an "overweight" rating in a research note on Friday, October 16th. Finally, TD Cowen lowered their price target on shares of Strategy from $400.00 to $260.00 and set a "buy" rating for the company in a report on Tuesday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $246.13.

Strategy News Roundup

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Strategy continues to hold a substantial Bitcoin treasury of 848,517 BTC, acquired at an average price of approximately $75,446 per coin. Bitcoin’s price above that level supports the value of the company’s holdings and could improve reported results ahead of the expected third-quarter earnings release. Strategy cash reserves and Bitcoin holdings
• Positive Sentiment: Executive Chairman Michael Saylor remains bullish on Bitcoin, citing rising institutional adoption as a potential catalyst for further gains in 2027. A stronger Bitcoin market would likely provide significant upside leverage for MSTR. Michael Saylor’s Bitcoin outlook
• Neutral Sentiment: Strategy repurchased 2,068,459 STRC preferred shares for approximately $204.9 million. The transaction may support the value of its preferred securities and reshape the capital structure, but it directs funds away from additional Bitcoin purchases. Strategy STRC repurchase
• Neutral Sentiment: Strategy is scheduled to report third-quarter results after the bell on October 29. Investors are anticipating a potentially large accounting gain from Bitcoin’s recovery, but results may remain highly sensitive to cryptocurrency prices and fair-value adjustments. Strategy third-quarter earnings preview
• Negative Sentiment: The company made no Bitcoin purchases or sales during the latest reporting week, ending its four-week buying streak. Investors viewed the pause as a less aggressive treasury strategy, particularly as other crypto-treasury companies continued adding digital assets. Strategy pauses Bitcoin purchases
• Negative Sentiment: The STRC repurchase reduced reported additional cash by roughly 46% to $242.4 million, raising concerns about liquidity and whether Strategy could eventually need to sell Bitcoin to fund dividends, interest, or other obligations. Although management says total cash reserves can cover several years of payments, the reduced near-term cash balance remains a concern. Strategy cash reduction following STRC buyback

Strategy Company 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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