BLKBRD Asset Management LP Cuts Stock Holdings in Strategy Inc $MSTR

BLKBRD Asset Management LP cut its stake in Strategy Inc (NASDAQ:MSTR) by 93.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,468 shares of the software maker’s stock after selling 108,015 shares during the period. Strategy makes up about 1.5% of BLKBRD Asset Management LP’s holdings, making the stock its 19th largest holding. BLKBRD Asset Management LP’s holdings in Strategy were worth $1,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in MSTR. Vanguard Group Inc. grew its position in Strategy by 21.0% in the fourth quarter. Vanguard Group Inc. now owns 24,062,886 shares of the software maker’s stock worth $3,656,356,000 after acquiring an additional 4,178,611 shares during the period. Capital International Investors grew its position in Strategy by 37.3% in the fourth quarter. Capital International Investors now owns 20,614,868 shares of the software maker’s stock worth $3,132,460,000 after acquiring an additional 5,600,573 shares during the period. Capital Research Global Investors grew its position in Strategy by 66.7% in the fourth quarter. Capital Research Global Investors now owns 7,008,535 shares of the software maker’s stock worth $1,064,963,000 after acquiring an additional 2,803,277 shares during the period. State Street Corp grew its position in Strategy by 2.3% in the fourth quarter. State Street Corp now owns 6,127,301 shares of the software maker’s stock worth $931,043,000 after acquiring an additional 138,253 shares during the period. Finally, Geode Capital Management LLC grew its position in Strategy by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 3,911,499 shares of the software maker’s stock worth $592,832,000 after acquiring an additional 175,343 shares during the period. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

More Strategy News

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Strategy added 1,587 BTC for about $100 million, reinforcing its long-term Bitcoin accumulation strategy and keeping investor attention on potential upside if BTC continues higher. Saylor’s Strategy buys 1,587 BTC for $100M, holdings hit 846.8K
• Positive Sentiment: Bitcoin’s rebound above $65,000 after the U.S.-Iran peace deal has lifted crypto-related stocks, including MSTR, by improving risk appetite and supporting the value of Strategy’s Bitcoin holdings. Strategy Stock Soars With Bitcoin After U.S.-Iran Deal
• Positive Sentiment: TD Cowen reiterated a Buy rating and $400 price target, arguing fears of a “death spiral” are overdone and that Strategy’s financing structure still supports Bitcoin accumulation. Analyst Reiterates Buy on MicroStrategy, Maintains $400 Price Target on STRC-Fueled Bitcoin Accumulation Strategy
• Neutral Sentiment: Saylor used recent commentary to defend the company’s structure, arguing returns should come from financial products built around Bitcoin rather than protocol-level yield features. Bitcoin doesn’t need Ethereum-style yield, says Strategy’s Michael Saylor
• Negative Sentiment: Bearish commentary from Peter Schiff and other critics is adding pressure by questioning whether Strategy’s model is now transferring value from shareholders to Bitcoin purchases. Peter Schiff Claims Strategy Bitcoin Math Has Turned Against MSTR
• Negative Sentiment: The stock has also been hurt by broader skepticism around valuation and the sustainability of the equity-funded Bitcoin strategy, especially after recent dilution-related concerns. Strategy (MSTR) Stock Could Be 16% Below Fair Value After $100 Million Bitcoin Buy

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. TD Cowen increased their price objective on Strategy from $395.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. Zacks Research lowered Strategy from a “hold” rating to a “strong sell” rating in a research report on Monday, May 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Strategy in a research report on Friday, March 27th. Benchmark restated a “buy” rating on shares of Strategy in a research note on Tuesday, June 2nd. Finally, BTIG Research restated a “buy” rating and set a $350.00 price target (up from $250.00) on shares of Strategy in a research note on Wednesday, May 6th. One 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $313.93.

Insiders Place Their Bets

In other Strategy news, CEO Phong Le sold 5,522 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $123.84, for a total value of $683,844.48. Following the sale, the chief executive officer directly owned 126,323 shares in the company, valued at $15,643,840.32. This trade represents a 4.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 firm’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $154.94, for a total value of $2,331,847.00. Following the completion of the sale, the director owned 28,000 shares in the company, valued at approximately $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 have sold 195,264 shares of company stock valued at $25,497,204 in the last three months. Corporate insiders own 6.49% of the company’s stock.

Strategy Stock Down 6.4%

Strategy stock opened at $122.81 on Wednesday. Strategy Inc has a 1-year low of $104.17 and a 1-year high of $457.22. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.05 and a quick ratio of 6.05. The stock has a market cap of $43.04 billion, a PE ratio of -3.06 and a beta of 3.49. The stock’s fifty day moving average is $153.45 and its two-hundred day moving average is $151.17.

Strategy (NASDAQ:MSTR) last posted its quarterly earnings results on Tuesday, May 5th. The software maker reported ($38.25) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $124.30 million during the quarter, compared to analyst estimates of $120.75 million. During the same quarter in the prior year, the business earned ($16.49) earnings per share. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. On average, sell-side analysts expect that Strategy Inc will post 116.7 EPS for the current fiscal 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.