Pictet Asset Management Holding SA Sells 5,850 Shares of Strategy Inc $MSTR

Pictet Asset Management Holding SA reduced its position in Strategy Inc (NASDAQ:MSTR) by 5.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,490 shares of the software maker’s stock after selling 5,850 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Strategy were worth $12,541,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Strategy by 21.0% in the 4th quarter. Vanguard Group Inc. now owns 24,062,886 shares of the software maker’s stock worth $3,656,356,000 after buying an additional 4,178,611 shares during the last quarter. Capital International Investors boosted its stake 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 buying an additional 5,600,573 shares in the last quarter. Capital Research Global Investors grew its position in Strategy by 66.7% during the fourth quarter. Capital Research Global Investors now owns 7,008,535 shares of the software maker’s stock valued at $1,064,963,000 after acquiring an additional 2,803,277 shares during the last quarter. State Street Corp grew its position in Strategy by 2.3% during the fourth quarter. State Street Corp now owns 6,127,301 shares of the software maker’s stock valued at $931,043,000 after acquiring an additional 138,253 shares during the last quarter. Finally, Amundi raised its stake in shares of Strategy by 373.7% during the fourth quarter. Amundi now owns 4,790,702 shares of the software maker’s stock worth $727,947,000 after acquiring an additional 3,779,340 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors.

Insider Activity

In other Strategy news, CAO Jeanine Montgomery sold 354 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $123.84, for a total value of $43,839.36. Following the sale, the chief accounting officer owned 11,209 shares of the company’s stock, valued at $1,388,122.56. This trade represents a 3.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Phong Le purchased 11,000 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was purchased at an average cost of $90.80 per share, for a total transaction of $998,800.00. Following the acquisition, the chief executive officer owned 11,000 shares in the company, valued at approximately $998,800. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders acquired 11,166 shares of company stock worth $1,014,265 and sold 192,922 shares worth $25,104,214. Company insiders own 6.49% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MSTR. Texas Capital upgraded shares of Strategy to a “strong-buy” rating in a report on Thursday, March 19th. Mizuho reduced their target price on shares of Strategy from $320.00 to $265.00 and set an “outperform” rating on the stock in a report on Monday, June 1st. BTIG Research decreased their target price on shares of Strategy from $350.00 to $250.00 and set a “buy” rating on the stock in a research report on Tuesday. Monness Crespi & Hardt reissued a “neutral” rating on shares of Strategy in a research note on Tuesday, June 2nd. Finally, Benchmark restated a “buy” rating on shares of Strategy in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $278.87.

Strategy Stock Performance

Shares of MSTR stock opened at $100.77 on Friday. The company has a market capitalization of $35.31 billion, a P/E ratio of -2.51 and a beta of 3.54. Strategy Inc has a fifty-two week low of $81.81 and a fifty-two week high of $457.22. The company has a debt-to-equity ratio of 0.22, a quick ratio of 6.05 and a current ratio of 6.05. The stock has a 50 day moving average price of $143.25 and a two-hundred day moving average price of $144.23.

Strategy (NASDAQ:MSTR) last issued its 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 return on equity of 26.97% and a negative net margin of 2,482.01%.The firm had revenue of $124.30 million during the quarter, compared to the consensus estimate of $120.75 million. During the same quarter in the prior year, the business posted ($16.49) EPS. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. Analysts expect that Strategy Inc will post 116.7 earnings per share for the current year.

Key Stories Impacting Strategy

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Strategy unveiled a new capital plan that includes potential bitcoin sales, buybacks, and preferred dividend support, which analysts say improves balance-sheet flexibility and could help the stock outperform bitcoin. Strategy Stock Soars as BTIG Analysts Say ‘MSTR’s Capital Structure Will Enable It to Outperform BTC’
• Positive Sentiment: CEO Phong Le bought approximately $999,000 of STRC preferred shares near recent lows, reinforcing the view that insiders see value after the recent selloff. Strategy CEO Buys STRC Preferred Stock After Record Slide
• Positive Sentiment: Several reports say bitcoin strength is helping lift Strategy because the company remains the largest corporate holder of bitcoin and still benefits from crypto rebounds. Tesla, Rivian, Strategy, Moderna, Sandisk, Blue Owl, and More Stocks That Explain Today’s Market

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.