Longitude Cayman Ltd. Takes $4.29 Million Position in Strategy Inc $MSTR

Longitude Cayman Ltd. acquired a new stake in shares of Strategy Inc (NASDAQ:MSTR) during the fourth quarter, Holdings Channel.com reports. The fund acquired 28,200 shares of the software maker’s stock, valued at approximately $4,285,000. Strategy accounts for 1.9% of Longitude Cayman Ltd.’s holdings, making the stock its 21st largest holding.

A number of other hedge funds also recently made changes to their positions in MSTR. Federated Hermes Inc. acquired a new stake in shares of Strategy during the second quarter worth approximately $396,000. Cary Street Partners Financial LLC acquired a new stake in shares of Strategy during the second quarter worth approximately $202,000. Sei Investments Co. grew its position in shares of Strategy by 136.0% during the second quarter. Sei Investments Co. now owns 39,905 shares of the software maker’s stock worth $16,125,000 after buying an additional 22,999 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Strategy by 59.4% during the second quarter. The Manufacturers Life Insurance Company now owns 19,215 shares of the software maker’s stock worth $7,767,000 after buying an additional 7,158 shares in the last quarter. Finally, Peapack Gladstone Financial Corp grew its position in shares of Strategy by 22.0% during the second quarter. Peapack Gladstone Financial Corp now owns 3,055 shares of the software maker’s stock worth $1,235,000 after buying an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Insider Activity

In other news, CFO Andrew Kang sold 33,062 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 $3,925,451.26. Following the completion of the transaction, the chief financial officer owned 68,733 shares of the company’s stock, valued at approximately $8,160,669.09. The trade was a 32.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, 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 transaction, the chief executive officer directly owned 119,925 shares of the company’s stock, valued at approximately $14,238,695.25. This trade represents a 43.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 195,264 shares of company stock valued at $25,497,204. 6.49% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MSTR has been the subject of a number of recent analyst reports. Mizuho decreased their price target on shares of Strategy from $320.00 to $265.00 and set an “outperform” rating for the company in a research report on Monday, June 1st. Cantor Fitzgerald reissued an “overweight” rating on shares of Strategy in a research report on Monday, May 11th. Monness Crespi & Hardt reissued a “neutral” rating on shares of Strategy in a research report on Tuesday, June 2nd. Benchmark reissued a “buy” rating on shares of Strategy in a research report on Tuesday, June 2nd. Finally, Canaccord Genuity Group set a $163.00 price target on shares of Strategy and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Strategy presently has an average rating of “Moderate Buy” and an average price target of $313.93.

Strategy Stock Performance

Strategy stock opened at $120.15 on Friday. The company has a market cap of $42.11 billion, a PE ratio of -2.99 and a beta of 3.49. The company has a fifty day moving average price of $153.14 and a two-hundred day moving average price of $152.22. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.05 and a quick ratio of 6.05. Strategy Inc has a 12 month low of $104.17 and a 12 month high of $457.22.

Strategy (NASDAQ:MSTR) last announced its quarterly earnings results 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 firm had revenue of $124.30 million for the quarter, compared to analyst estimates of $120.75 million. During the same period last year, the firm posted ($16.49) EPS. The business’s revenue was up 11.9% compared to the same quarter last year. Research analysts expect that Strategy Inc will post 116.7 earnings per share for the current year.

Key Headlines Impacting Strategy

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Strategy said it bought 1,550 BTC after briefly selling Bitcoin for the first time since 2022, reinforcing that the company remains committed to its Bitcoin treasury strategy and easing fears that the recent sale marked a broader retreat. Strategy Just Made a Major Bitcoin Buy After Selling For the First Time Since 2022. What Does It Mean for Bitcoin Investors?
• Positive Sentiment: H.C. Wainwright analyst Mike Colonnese reiterated a Buy rating and a $540 price target, saying the stock looks attractive here and backing a bullish 2026 Bitcoin view, which supports sentiment around MSTR. Mike Colonnese Reiterates Buy on Strategy, Citing Compelling Entry Point and 2026 Bitcoin Target of $150,000
• Positive Sentiment: Some market commentary says smart money has turned more constructive on MSTR after the recent plunge, with bullish positioning suggesting room for a rebound if Bitcoin stabilizes. MicroStrategy Stock Sees $6 Million in Bullish Bets Despite the 40% Crash
• Neutral Sentiment: Shareholders approved directors, auditors, and preferred-share changes at the annual meeting, which helps keep the company’s capital structure moving forward but is not an immediate operating catalyst. Strategy Shareholders Approve Directors, Auditors and Preferred Changes
• Negative Sentiment: Bearish articles continue to highlight Strategy’s exposure to falling Bitcoin prices, financing risk, and weak software fundamentals, keeping pressure on the stock despite the bounce. Strategy Declines 25% YTD: Time to Exit or Hold the Stock?
• Negative Sentiment: Concerns also remain that Strategy’s levered Bitcoin strategy could be strained if BTC keeps falling, with some commentary warning that recent sales and unrealized losses may point to liquidity and balance-sheet stress. Michael Saylor Debt Strategy Under Pressure as Bitcoin Drops Fast

Strategy Profile

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.