Los Angeles Capital Management LLC Raises Holdings in Strategy Inc $MSTR

Los Angeles Capital Management LLC lifted its holdings in shares of Strategy Inc (NASDAQ:MSTR) by 3,200.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,022 shares of the software maker’s stock after purchasing an additional 59,173 shares during the period. Los Angeles Capital Management LLC’s holdings in Strategy were worth $9,272,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Rhumbline Advisers increased its stake in shares of Strategy by 16.1% during the 3rd quarter. Rhumbline Advisers now owns 313,565 shares of the software maker’s stock worth $101,034,000 after purchasing an additional 43,509 shares in the last quarter. Schroder Investment Management Group increased its stake in shares of Strategy by 21.0% during the 3rd quarter. Schroder Investment Management Group now owns 118,478 shares of the software maker’s stock worth $38,175,000 after purchasing an additional 20,536 shares in the last quarter. Van ECK Associates Corp grew its stake in Strategy by 46.1% in the 3rd quarter. Van ECK Associates Corp now owns 204,506 shares of the software maker’s stock worth $65,894,000 after acquiring an additional 64,482 shares during the period. Daviman Financial LLC purchased a new stake in Strategy in the 4th quarter worth approximately $1,013,000. Finally, Harvest Portfolios Group Inc. grew its stake in Strategy by 119.0% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 1,550,520 shares of the software maker’s stock worth $499,593,000 after acquiring an additional 842,480 shares during the period. 59.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Phong Le sold 93,738 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $118.73, for a total transaction of $11,129,512.74. Following the completion of the sale, the chief executive officer directly owned 119,925 shares of the company’s stock, valued at $14,238,695.25. The trade was a 43.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jarrod M. Patten sold 15,050 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $154.94, for a total transaction of $2,331,847.00. Following the sale, the director directly owned 28,000 shares of the company’s stock, valued at $4,338,320. This represents a 34.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 190,649 shares of company stock valued at $24,968,729 in the last ninety days. Company insiders own 6.49% of the company’s stock.

Strategy News Summary

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Strategy reported it bought 1,550 Bitcoin for about $101.3 million between June 1 and June 7, signaling that Michael Saylor’s firm is still adding to its treasury despite the recent crypto selloff. Strategy resumes bitcoin buying spree, quelling market panic
• Positive Sentiment: The company’s shareholders approved changes to preferred dividends, including moving STRC payments to a semi-monthly schedule, which may improve the appeal of Strategy’s income-linked securities. Strategy Shareholders Approve Changes to Preferred Dividends
• Positive Sentiment: Bitcoin and other crypto stocks bounced after last week’s sharp decline, lifting sentiment toward Strategy as a major corporate Bitcoin holder. Strategy, Coinbase, Circle and Robinhood Lead Crypto Stocks Rally Amid Bitcoin Rebound
• Neutral Sentiment: Michael Saylor hinted that Strategy may be preparing another Bitcoin purchase, which keeps traders focused on the company’s accumulation strategy but does not add new hard numbers yet. Michael Saylor Hints At Potential Bitcoin Acquisition As Strategy CEO Reaffirms Commitment To Grow BTC Holdings
• Negative Sentiment: Some headlines remain a drag, including JPMorgan’s warning that Strategy may need to rebuild dollar reserves and could face pressure to sell more Bitcoin to fund dividends. JPMorgan: Strategy’s $1.7 Billion Dividend Bill Could Force More Bitcoin Sales
• Negative Sentiment: Investor concern is also being fueled by insider selling, including reports that CEO Phong Le and executive Andrew Kang sold shares during the recent selloff. Phong Le Sells 93,738 Shares of Strategy (NASDAQ:MSTR) Stock

Analyst Ratings Changes

Several analysts have commented on the stock. Zacks Research cut shares of Strategy from a “hold” rating to a “strong sell” rating in a research note on Monday, May 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Strategy in a research note on Friday, March 27th. Canaccord Genuity Group set a $163.00 target price on shares of Strategy and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. TD Cowen lifted their target price on shares of Strategy from $395.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Finally, B. Riley Financial lifted their target price on shares of Strategy from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $313.93.

Strategy Stock Up 5.6%

Shares of NASDAQ MSTR opened at $127.20 on Tuesday. Strategy Inc has a 52-week low of $104.17 and a 52-week high of $457.22. The firm has a fifty day moving average of $153.54 and a 200-day moving average of $153.50. The stock has a market capitalization of $44.58 billion, a PE ratio of -3.17 and a beta of 3.50. The company has a quick ratio of 6.05, a current ratio of 6.05 and a debt-to-equity ratio of 0.22.

Strategy (NASDAQ:MSTR) last announced its quarterly earnings data on Tuesday, May 5th. The software maker reported ($38.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.86) by ($37.39). Strategy had a negative net margin of 2,482.01% and a negative return on equity of 26.97%. The company had revenue of $124.30 million for the quarter, compared to analysts’ expectations of $120.75 million. During the same period in the prior year, the firm earned ($16.49) earnings per share. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. On average, analysts anticipate that Strategy Inc will post 116.7 EPS for the current year.

About Strategy

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.