17,644 Strategy Inc $MSTR Shares Sold by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC decreased its position in Strategy Inc (NASDAQ:MSTR) by 90.4% in the third quarter, Holdings Channel reports. The firm owned 1,871 shares of the software maker’s stock after selling 17,644 shares during the period. Teamwork Financial Advisors LLC’s holdings in Strategy were worth $286,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. State Street Corp grew its stake in Strategy by 7.2% in the second quarter. State Street Corp now owns 7,527,561 shares of the software maker’s stock worth $654,371,000 after purchasing an additional 506,635 shares in the last quarter. Bank of America Corp DE increased its holdings in Strategy by 3.1% during the 1st quarter. Bank of America Corp DE now owns 3,965,680 shares of the software maker’s stock worth $494,917,000 after purchasing an additional 117,374 shares during the period. Renaissance Technologies LLC raised its position in Strategy by 122.6% during the 1st quarter. Renaissance Technologies LLC now owns 2,130,881 shares of the software maker’s stock valued at $265,934,000 after purchasing an additional 1,173,549 shares in the last quarter. Swiss National Bank raised its position in Strategy by 7.1% during the 1st quarter. Swiss National Bank now owns 766,100 shares of the software maker’s stock valued at $95,609,000 after purchasing an additional 50,720 shares in the last quarter. Finally, First Trust Advisors LP raised its position in Strategy by 24.3% during the 1st quarter. First Trust Advisors LP now owns 755,890 shares of the software maker’s stock valued at $94,335,000 after purchasing an additional 147,562 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Trending Headlines about Strategy

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Strategy purchased 267 Bitcoin for approximately $22.1 million between October 12 and 18, increasing its holdings to 848,517 BTC. The purchase reinforces the company’s Bitcoin-treasury strategy and could benefit MSTR if Bitcoin appreciates. Strategy buys $22M in Bitcoin and repurchases STRC
• Positive Sentiment: The company expanded its preferred-securities repurchase authorization to $3 billion from $2 billion and bought back 1.94 million STRC shares for $193.1 million. Repurchases may support preferred-share pricing and improve the capital structure. Strategy raises preferred stock buyback program
• Positive Sentiment: Shares recently formed a technical “golden cross,” in which the 50-day moving average moves above the 200-day average, suggesting improving longer-term momentum. MSTR golden cross risks
• Neutral Sentiment: Strategy sold 140,872 common shares for about $22 million to help fund the Bitcoin purchase, highlighting the ongoing dilution trade-off behind its accumulation strategy. A proposed transition to daily STRC dividends is also scheduled for a shareholder vote on October 28. Strategy buys Bitcoin and expands buyback
• Negative Sentiment: MSCI eligibility rules could remove Strategy from certain indexes beginning November 30, with the final list expected November 11. Removal could trigger forced selling by passive funds. Weak momentum, Bitcoin financing costs and continued dependence on Bitcoin’s performance add further downside risk. MSCI rules could drop Strategy from indexes

Insider Activity

In other news, Director Jarrod Patten sold 2,775 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $125.33, for a total value of $347,790.75. Following the completion of the transaction, the director directly owned 28,406 shares of the company’s stock, valued at approximately $3,560,123.98. The trade was a 8.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders sold 14,100 shares of company stock valued at $1,815,669. Company insiders own 5.40% of the company’s stock.

Strategy Stock Down 0.6%

NASDAQ:MSTR traded down $0.81 during trading hours on Monday, reaching $136.02. The company’s stock had a trading volume of 11,821,204 shares, compared to its average volume of 21,656,521. The company has a market capitalization of $52.26 billion, a P/E ratio of -1.40 and a beta of 3.56. Strategy Inc has a 12 month low of $81.81 and a 12 month high of $306.16. The company has a debt-to-equity ratio of 0.22, a quick ratio of 5.39 and a current ratio of 5.39. The stock has a 50 day moving average price of $135.78 and a two-hundred day moving average price of $131.33.

Strategy (NASDAQ:MSTR) last posted its earnings results on Friday, July 31st. The software maker reported ($24.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.19) by ($22.26). The company had revenue of $122.37 million for the quarter, compared to analysts’ expectations of $122.90 million. Strategy had a negative return on equity of 74.18% and a negative net margin of 6,102.95%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $32.52 EPS. Equities analysts predict that Strategy Inc will post -23.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MSTR has been the subject of several research reports. Weiss Ratings cut Strategy from a “hold (c)” rating to a “sell (d)” rating in a report on Tuesday, August 4th. UBS Group restated a “buy” rating on shares of Strategy in a research note on Friday, July 31st. Benchmark restated a “buy” rating and set a $435.00 price target (down from $570.00) on shares of Strategy in a research note on Monday, July 27th. BTIG Research restated a “buy” rating and issued a $250.00 price objective on shares of Strategy in a report on Friday, July 31st. Finally, Wall Street Zen upgraded Strategy from a “strong sell” rating to a “sell” rating in a report on Sunday, August 16th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Strategy currently has a consensus rating of “Moderate Buy” and an average price target of $246.13.

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.