Milestone Asset Management LLC Sells 221 Shares of Strategy Inc $MSTR

Milestone Asset Management LLC lessened its holdings in Strategy Inc (NASDAQ:MSTR) by 8.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,441 shares of the software maker’s stock after selling 221 shares during the period. Milestone Asset Management LLC’s holdings in Strategy were worth $987,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of MSTR. Fiduciary Alliance LLC lifted its position in shares of Strategy by 28.4% during the second quarter. Fiduciary Alliance LLC now owns 44,918 shares of the software maker’s stock worth $18,157,000 after purchasing an additional 9,937 shares during the last quarter. D.A. Davidson & CO. increased its stake in Strategy by 71.4% in the 2nd quarter. D.A. Davidson & CO. now owns 2,223 shares of the software maker’s stock worth $899,000 after buying an additional 926 shares during the period. Swedbank AB bought a new stake in Strategy during the 1st quarter valued at about $17,352,000. Maryland State Retirement & Pension System boosted its position in Strategy by 12.2% in the 2nd quarter. Maryland State Retirement & Pension System now owns 12,140 shares of the software maker’s stock valued at $4,907,000 after buying an additional 1,321 shares during the period. Finally, Shariaportfolio Inc. grew its stake in Strategy by 2.9% in the 2nd quarter. Shariaportfolio Inc. now owns 90,138 shares of the software maker’s stock worth $36,436,000 after acquiring an additional 2,541 shares in the last quarter. Institutional investors own 59.84% of the company’s stock.

Strategy Stock Down 1.8%

Shares of Strategy stock opened at $264.67 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. The company has a market cap of $75.05 billion, a P/E ratio of 23.30 and a beta of 3.83. The firm’s 50 day moving average price is $317.64 and its 200-day moving average price is $363.18. Strategy Inc has a 52-week low of $220.82 and a 52-week high of $543.00.

Strategy (NASDAQ:MSTR) last announced its earnings results on Thursday, October 30th. The software maker reported $8.42 earnings per share for the quarter, beating the consensus estimate of ($0.11) by $8.53. The company had revenue of $128.69 million during the quarter, compared to the consensus estimate of $116.76 million. Strategy had a net margin of 1,036.61% and a return on equity of 18.83%. Strategy’s revenue was up 10.9% compared to the same quarter last year. During the same period last year, the firm earned ($1.56) earnings per share. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insiders Place Their Bets

In other Strategy news, Director Jarrod M. Patten purchased 12,000 shares of the firm’s stock in a transaction on Friday, October 17th. The stock was bought at an average cost of $96.88 per share, for a total transaction of $1,162,560.00. Following the completion of the purchase, the director owned 29,335 shares in the company, valued at $2,841,974.80. This represents a 69.22% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Wei-Ming Shao sold 30,000 shares of the business’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $357.37, for a total value of $10,721,100.00. Following the sale, the executive vice president owned 12,726 shares in the company, valued at $4,547,890.62. The trade was a 70.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders purchased 46,399 shares of company stock valued at $4,515,720 and sold 58,750 shares valued at $21,685,250. Corporate insiders own 8.46% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on MSTR shares. Wells Fargo & Company reiterated an “equal weight” rating and issued a $54.00 price target (down previously from $65.00) on shares of Strategy in a report on Tuesday, September 30th. BTIG Research lowered their target price on Strategy from $700.00 to $630.00 and set a “buy” rating for the company in a report on Friday. Citigroup assumed coverage on Strategy in a research report on Tuesday, October 21st. They set a “buy” rating and a $485.00 price target on the stock. China Renaissance initiated coverage on shares of Strategy in a research note on Wednesday, October 15th. They issued a “buy” rating and a $473.00 price objective for the company. Finally, Cowen reissued a “buy” rating on shares of Strategy in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $485.80.

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.