Milestone Asset Management LLC Trims Position in Strategy Inc $MSTR

Milestone Asset Management LLC lowered its holdings in Strategy Inc (NASDAQ:MSTR) by 8.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,441 shares of the software maker’s stock after selling 221 shares during the quarter. Milestone Asset Management LLC’s holdings in Strategy were worth $987,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Hexagon Capital Partners LLC grew its position in Strategy by 7,750.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 157 shares of the software maker’s stock worth $45,000 after purchasing an additional 155 shares during the period. China Universal Asset Management Co. Ltd. boosted its stake in shares of Strategy by 97.1% in the first quarter. China Universal Asset Management Co. Ltd. now owns 5,871 shares of the software maker’s stock worth $1,692,000 after buying an additional 2,893 shares during the last quarter. Greenleaf Trust boosted its stake in shares of Strategy by 17.1% in the first quarter. Greenleaf Trust now owns 5,671 shares of the software maker’s stock worth $1,635,000 after buying an additional 828 shares during the last quarter. Moloney Securities Asset Management LLC raised its position in Strategy by 62.1% during the first quarter. Moloney Securities Asset Management LLC now owns 1,318 shares of the software maker’s stock valued at $380,000 after acquiring an additional 505 shares in the last quarter. Finally, Correct Capital Wealth Management raised its position in Strategy by 12.4% during the first quarter. Correct Capital Wealth Management now owns 188,463 shares of the software maker’s stock valued at $54,328,000 after acquiring an additional 20,790 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Strategy

In other Strategy news, CFO Andrew Kang sold 18,750 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $395.00, for a total value of $7,406,250.00. Following the transaction, the chief financial officer directly owned 24,460 shares of the company’s stock, valued at $9,661,700. This trade represents a 43.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Wei-Ming Shao sold 30,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 12,726 shares in the company, valued at approximately $4,547,890.62. This represents a 70.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have purchased 46,399 shares of company stock worth $4,515,720 and have sold 58,750 shares worth $21,685,250. Insiders own 8.46% of the company’s stock.

Strategy Stock Performance

Shares of NASDAQ:MSTR opened at $264.67 on Tuesday. The business’s 50 day moving average price is $317.64 and its 200-day moving average price is $363.18. Strategy Inc has a 1 year low of $220.82 and a 1 year high of $543.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market capitalization of $75.05 billion, a PE ratio of 23.30 and a beta of 3.83.

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

Analysts Set New Price Targets

A number of brokerages have recently commented on MSTR. BTIG Research dropped their price objective on shares of Strategy from $700.00 to $630.00 and set a “buy” rating on the stock in a research note on Friday. HC Wainwright lowered their target price on shares of Strategy from $521.00 to $475.00 and set a “buy” rating on the stock in a research note on Monday. Wells Fargo & Company reaffirmed 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. Citigroup initiated coverage on Strategy in a report on Tuesday, October 21st. They issued a “buy” rating and a $485.00 price objective on the stock. Finally, TD Cowen decreased their target price on Strategy from $620.00 to $535.00 and set a “buy” rating on the stock in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $485.80.

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.