Traphagen Investment Advisors LLC Trims Position in Strategy Inc $MSTR

Key Points

• Traphagen Investment Advisors LLC reduced its holdings in Strategy Inc (NASDAQ:MSTR) by 26.1%, now owning 7,214 shares valued at approximately $2.9 million.
• Other institutional investors, such as Sumitomo Mitsui Trust Group Inc., have adjusted their positions, with some increasing their stakes by significant percentages.
• Despite a strong performance in recent earnings, with $32.60 EPS reported against expectations, the stock has seen recent downgrades in price targets from various analysts.

Traphagen Investment Advisors LLC trimmed its holdings in Strategy Inc (NASDAQ:MSTR - Free Report) by 26.1% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 7,214 shares of the software maker's stock after selling 2,542 shares during the period. Traphagen Investment Advisors LLC's holdings in Strategy were worth $2,916,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in MSTR. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Strategy by 27.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 528,850 shares of the software maker's stock valued at $152,452,000 after buying an additional 113,752 shares during the last quarter. Mn Services Vermogensbeheer B.V. purchased a new position in Strategy during the second quarter worth about $37,391,000. Swedbank AB purchased a new position in Strategy during the first quarter worth about $17,352,000. Robeco Institutional Asset Management B.V. raised its holdings in Strategy by 75.7% during the second quarter. Robeco Institutional Asset Management B.V. now owns 125,650 shares of the software maker's stock worth $50,791,000 after purchasing an additional 54,144 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd purchased a new position in Strategy during the first quarter worth about $13,795,000. 59.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. TD Cowen cut their price target on shares of Strategy from $640.00 to $620.00 and set a "buy" rating for the company in a report on Tuesday, September 16th. Cantor Fitzgerald reissued an "overweight" rating on shares of Strategy in a report on Wednesday, August 13th. Mizuho increased their price target on shares of Strategy from $563.00 to $586.00 and gave the stock an "outperform" rating in a report on Monday, August 11th. BTIG Research increased their price target on shares of Strategy from $620.00 to $700.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Monness Crespi & Hardt increased their price target on shares of Strategy from $175.00 to $200.00 and gave the stock a "sell" rating in a report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $509.54.

Insiders Place Their Bets

In other Strategy news, Director Jane A. Dietze purchased 1,500 shares of the stock in a transaction dated Tuesday, July 29th. The shares were acquired at an average cost of $90.00 per share, for a total transaction of $135,000.00. Following the completion of the transaction, the director directly 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 purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Andrew Kang sold 18,750 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were 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 owned 24,460 shares in the company, valued at $9,661,700. This represents a 43.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 265,474 shares of company stock valued at $24,056,259 and sold 119,650 shares valued at $49,799,476. Company insiders own 8.46% of the company's stock.

Strategy Trading Down 8.7%

Shares of Strategy stock opened at $328.40 on Wednesday. Strategy Inc has a 12-month low of $178.00 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 stock has a market cap of $93.12 billion, a PE ratio of 28.91 and a beta of 3.83. The company has a 50-day moving average of $349.15 and a two-hundred day moving average of $363.17.

Strategy (NASDAQ:MSTR - Get Free Report) last issued 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 company had revenue of $114.49 million during the quarter, compared to analysts' expectations of $112.68 million. Strategy had a net margin of 1,036.61% and a return on equity of 18.83%. The firm's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company posted ($5.74) earnings per share. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

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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