Teamwork Financial Advisors LLC Sells 17,644 Shares of Strategy Inc $MSTR

Key Points

• Teamwork Financial Advisors LLC cut its Strategy stake by 90.4%, selling 17,644 shares and retaining 1,871 shares worth approximately $286,000. Institutional investors collectively own 59.84% of the company.
• Despite the reduction, several major institutions—including Renaissance Technologies, State Street, Royal Bank of Canada and First Trust Advisors—recently increased their holdings. Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $246.13.
• Strategy shares recently traded near $136, well below their 52-week high of $306.16. The company reported a significant quarterly EPS miss at negative $24.45 versus a negative $2.19 estimate, while revenue rose 6.9% year over year.

Teamwork Financial Advisors LLC lowered its stake in Strategy Inc (NASDAQ:MSTR - Free Report) by 90.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,871 shares of the software maker's stock after selling 17,644 shares during the period. Teamwork Financial Advisors LLC's holdings in Strategy were worth $286,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its stake in shares of Strategy by 122.6% in the 1st quarter. Renaissance Technologies LLC now owns 2,130,881 shares of the software maker's stock valued at $265,934,000 after purchasing an additional 1,173,549 shares during the last quarter. State Street Corp boosted its holdings in shares of Strategy by 7.2% in the 2nd quarter. State Street Corp now owns 7,527,561 shares of the software maker's stock worth $654,371,000 after purchasing an additional 506,635 shares during the period. Royal Bank of Canada increased its position 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 purchasing an additional 295,829 shares during the last quarter. First Trust Advisors LP increased its position 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 purchasing an additional 147,562 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Strategy during the 2nd quarter valued at approximately $10,602,000. 59.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MSTR. Benchmark restated a "buy" rating and set a $435.00 price target (down from $570.00) on shares of Strategy in a report on Monday, July 27th. TD Cowen dropped their price objective on shares of Strategy from $400.00 to $260.00 and set a "buy" rating for the company in a research note on Tuesday, June 30th. Canaccord Genuity Group boosted their price objective on shares of Strategy from $175.00 to $179.00 and gave the company a "buy" rating in a research report on Tuesday, September 8th. Mizuho set a $165.00 price objective on shares of Strategy in a research report on Monday, August 10th. Finally, Wall Street Zen raised shares of Strategy from a "strong sell" rating to a "sell" rating in a research note on Sunday, August 16th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $246.13.

Strategy Trading Down 0.6%

MSTR traded down $0.81 during trading hours on Monday, reaching $136.02. 11,821,204 shares of the company's stock traded hands, compared to its average volume of 21,656,521. The firm has a 50-day moving average price of $135.78 and a 200 day moving average price of $131.33. The firm has a market capitalization of $52.26 billion, a PE ratio of -1.40 and a beta of 3.56. The company has a quick ratio of 5.39, a current ratio of 5.39 and a debt-to-equity ratio of 0.22. Strategy Inc has a 52-week low of $81.81 and a 52-week high of $306.16.

Strategy (NASDAQ:MSTR - Get Free Report) last released its earnings results on Friday, July 31st. The software maker reported ($24.45) earnings per share for the quarter, missing analysts' consensus estimates of ($2.19) by ($22.26). Strategy had a negative return on equity of 74.18% and a negative net margin of 6,102.95%. The business had revenue of $122.37 million during the quarter, compared to analysts' expectations of $122.90 million. During the same quarter in the previous year, the business earned $32.52 EPS. The business's revenue for the quarter was up 6.9% on a year-over-year basis. As a group, sell-side analysts predict that Strategy Inc will post -23.74 EPS for the current fiscal year.

Insider Activity

In other news, Director Jarrod Patten sold 1,350 shares of the company's stock in a transaction dated Friday, October 9th. The shares were 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 in the company, valued at approximately $4,435,880.96. This represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 14,100 shares of company stock worth $1,815,669 over the last ninety days. 5.40% of the stock is currently owned by insiders.

Key Strategy News

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Strategy purchased 267 Bitcoin for approximately $22.1 million between October 12 and 18, increasing its holdings to 848,517 BTC. The purchase reinforces the company’s Bitcoin-treasury strategy and could benefit MSTR if Bitcoin appreciates. Strategy buys $22M in Bitcoin and repurchases STRC
• Positive Sentiment: The company expanded its preferred-securities repurchase authorization to $3 billion from $2 billion and bought back 1.94 million STRC shares for $193.1 million. Repurchases may support preferred-share pricing and improve the capital structure. Strategy raises preferred stock buyback program
• Positive Sentiment: Shares recently formed a technical “golden cross,” in which the 50-day moving average moves above the 200-day average, suggesting improving longer-term momentum. MSTR golden cross risks
• Neutral Sentiment: Strategy sold 140,872 common shares for about $22 million to help fund the Bitcoin purchase, highlighting the ongoing dilution trade-off behind its accumulation strategy. A proposed transition to daily STRC dividends is also scheduled for a shareholder vote on October 28. Strategy buys Bitcoin and expands buyback
• Negative Sentiment: MSCI eligibility rules could remove Strategy from certain indexes beginning November 30, with the final list expected November 11. Removal could trigger forced selling by passive funds. Weak momentum, Bitcoin financing costs and continued dependence on Bitcoin’s performance add further downside risk. MSCI rules could drop Strategy from indexes

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.