Strategy Inc $MSTR Position Trimmed by Acorn Financial Advisory Services Inc. ADV

Acorn Financial Advisory Services Inc. ADV trimmed its stake in Strategy Inc (NASDAQ:MSTR) by 11.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,318 shares of the software maker’s stock after selling 5,420 shares during the quarter. Strategy makes up 2.8% of Acorn Financial Advisory Services Inc. ADV’s holdings, making the stock its 11th largest holding. Acorn Financial Advisory Services Inc. ADV’s holdings in Strategy were worth $17,106,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of MSTR. Yousif Capital Management LLC boosted its position in shares of Strategy by 42.9% in the 1st quarter. Yousif Capital Management LLC now owns 2,909 shares of the software maker’s stock valued at $839,000 after purchasing an additional 873 shares during the period. GAMMA Investing LLC boosted its position in shares of Strategy by 47.7% in the 1st quarter. GAMMA Investing LLC now owns 830 shares of the software maker’s stock valued at $239,000 after purchasing an additional 268 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Strategy by 3.3% in the first quarter. Janney Montgomery Scott LLC now owns 27,905 shares of the software maker’s stock worth $8,044,000 after buying an additional 881 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of Strategy in the first quarter worth approximately $854,000. Finally, EQ Wealth Advisors LLC purchased a new position in shares of Strategy in the first quarter worth approximately $88,000. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Strategy Trading Up 3.5%

Shares of NASDAQ:MSTR opened at $315.47 on Tuesday. The firm has a fifty day moving average of $343.52 and a two-hundred day moving average of $363.26. The firm has a market capitalization of $89.45 billion, a P/E ratio of 27.77 and a beta of 3.83. Strategy Inc has a 12-month low of $185.81 and a 12-month high of $543.00. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17.

Strategy (NASDAQ:MSTR) last released its quarterly earnings data 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 firm 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 quarter last year, the firm earned ($5.74) earnings per share. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insider Buying and Selling at Strategy

In other news, Director Jane A. Dietze purchased 1,500 shares of Strategy stock in a transaction dated Tuesday, July 29th. The stock was acquired at an average cost of $90.00 per share, for a total transaction of $135,000.00. Following the acquisition, the director directly owned 1,500 shares in the company, valued at $135,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Gregg Winiarski purchased 10,000 shares of Strategy stock in a transaction dated Friday, August 8th. The shares were purchased at an average price of $97.65 per share, with a total value of $976,500.00. Following the completion of the acquisition, the director owned 10,000 shares in the company, valued at $976,500. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 265,474 shares of company stock worth $24,056,259 and sold 65,000 shares worth $24,099,750. Corporate insiders own 8.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Strategy in a research note on Wednesday, October 8th. Mizuho raised their price objective on shares of Strategy from $563.00 to $586.00 and gave the stock an “outperform” rating in a research note on Monday, August 11th. Benchmark reaffirmed a “buy” rating on shares of Strategy in a research report on Wednesday, August 13th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Strategy in a research report on Wednesday, August 13th. Finally, BTIG Research raised their price objective on Strategy from $620.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Strategy currently has an average rating of “Moderate Buy” and an average price target of $509.54.

Strategy 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.