Westmount Partners LLC Sells 2,045 Shares of Strategy Inc $MSTR

Key Points

• Westmount Partners LLC significantly reduced its stake in Strategy Inc by selling 2,045 shares, marking a 77.9% decrease in holdings during the second quarter, with remaining shares valued at approximately $234,000.
• Insider activity showed notable transactions, including the CAO selling 43,750 shares for $18.8 million, while a director acquired 10,000 shares valued at $976,500.
• Wall Street analysts have generally rated Strategy with a Moderate Buy consensus and set price targets ranging from $200.00 to $700.00, reflecting varied expectations on the stock's performance.

Westmount Partners LLC trimmed its holdings in Strategy Inc (NASDAQ:MSTR - Free Report) by 77.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 579 shares of the software maker's stock after selling 2,045 shares during the quarter. Westmount Partners LLC's holdings in Strategy were worth $234,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Swedbank AB bought a new position in shares of Strategy during the 1st quarter valued at approximately $17,352,000. GAMMA Investing LLC boosted its position in shares of Strategy by 47.7% during the 1st quarter. GAMMA Investing LLC now owns 830 shares of the software maker's stock valued at $239,000 after acquiring an additional 268 shares during the last quarter. Yousif Capital Management LLC boosted its position in shares of Strategy by 42.9% during the 1st quarter. Yousif Capital Management LLC now owns 2,909 shares of the software maker's stock valued at $839,000 after acquiring an additional 873 shares during the last quarter. NBC Securities Inc. bought a new position in shares of Strategy during the 1st quarter valued at approximately $236,000. Finally, OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Strategy during the 1st quarter valued at approximately $13,795,000. 59.84% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CAO Jeanine Montgomery sold 43,750 shares of the firm's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $430.54, for a total transaction of $18,836,125.00. Following the sale, the chief accounting officer owned 8,606 shares of the company's stock, valued at $3,705,227.24. This trade represents a 83.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gregg Winiarski acquired 10,000 shares of the company's stock in a transaction that occurred 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 owned 10,000 shares of the company's stock, valued at $976,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 265,474 shares of company stock valued at $24,056,259 and have sold 142,150 shares valued at $59,289,351. Corporate insiders own 8.46% of the company's stock.

Wall Street Analysts Forecast Growth

MSTR has been the subject of a number of research reports. Canaccord Genuity Group reiterated a "buy" rating and set a $464.00 target price on shares of Strategy in a research report on Tuesday, August 26th. Benchmark reiterated a "buy" rating on shares of Strategy in a research report on Wednesday, August 13th. BTIG Research increased their price target on Strategy from $620.00 to $700.00 and gave the company a "buy" rating in a report on Friday, August 1st. Monness Crespi & Hardt increased their price target on Strategy from $175.00 to $200.00 and gave the company a "sell" rating in a report on Tuesday, July 15th. Finally, TD Cowen decreased their price target on Strategy from $640.00 to $620.00 and set a "buy" rating on the stock in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $547.50.

Strategy Stock Performance

Shares of Strategy stock opened at $335.09 on Wednesday. The firm has a market cap of $95.01 billion, a P/E ratio of 29.50 and a beta of 3.82. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. Strategy Inc has a 12 month low of $128.51 and a 12 month high of $543.00. The stock's fifty day moving average price is $376.76 and its 200-day moving average price is $357.87.

Strategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly 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 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 business's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted ($5.74) earnings per share. 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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