Strategy Inc $MSTR Stock: Pinnacle Associates Ltd. Boosts Position

Pinnacle Associates Ltd. boosted its position in shares of Strategy Inc (NASDAQ:MSTR) by 47.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,516 shares of the software maker’s stock after buying an additional 7,247 shares during the period. Pinnacle Associates Ltd.’s holdings in Strategy were worth $3,447,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its stake in Strategy by 122.6% in the 1st quarter. Renaissance Technologies LLC now owns 2,130,881 shares of the software maker’s stock worth $265,934,000 after acquiring an additional 1,173,549 shares during the last quarter. State Street Corp raised its holdings in shares of Strategy by 7.2% during the 2nd quarter. State Street Corp now owns 7,527,561 shares of the software maker’s stock worth $654,371,000 after acquiring an additional 506,635 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Strategy by 685.2% during the 1st quarter. Royal Bank of Canada now owns 339,001 shares of the software maker’s stock valued at $42,308,000 after acquiring an additional 295,829 shares during the last quarter. First Trust Advisors LP boosted its position in shares of 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 acquiring an additional 147,562 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Strategy during the 2nd quarter valued at approximately $10,602,000. 59.84% of the stock is owned by institutional investors.

Strategy News Roundup

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Strategy expanded its authorization to repurchase preferred stock to $3 billion, after spending approximately $193.1 million buying STRC shares below par. The move may support preferred-share prices and improve capital-allocation flexibility. Strategy Increased Its Preferred Stock Buyback to $3 Billion
• Positive Sentiment: Analysts reportedly raised price targets following the buyback announcement, helping fuel the previous rally. The broader cryptocurrency market also benefited from optimism surrounding a clearer framework for stablecoin regulation and a rebound in Bitcoin. Why Strategy Stock Was Up
• Neutral Sentiment: Strategy is scheduled to report earnings next week. Wall Street expects earnings growth, but Zacks says the company currently lacks the indicators that typically point to a likely earnings beat, creating a near-term event risk for MSTR. Strategy Reports Next Week
• Negative Sentiment: Thursday’s decline was attributed to profit-taking after the prior session’s 7.54% gain and a Bitcoin pullback. Bitcoin’s retreat is particularly important because treasury companies have an average estimated break-even near $80,000 per coin, increasing concern about valuation and balance-sheet pressure if prices weaken. Why Is Strategy Stock Trading Lower Bitcoin Treasury Companies Break-Even Analysis

Analysts Set New Price Targets

A number of research analysts recently weighed in on MSTR shares. Cantor Fitzgerald raised their target price on shares of Strategy from $186.00 to $208.00 and gave the company an “overweight” rating in a report on Friday, October 16th. Alliance Global Partners started coverage on shares of Strategy in a research note on Tuesday, September 1st. They set a “buy” rating and a $217.00 price target on the stock. Weiss Ratings lowered shares of Strategy from a “hold (c)” rating to a “sell (d)” rating in a research report on Tuesday, August 4th. UBS Group reissued a “buy” rating on shares of Strategy in a research note on Friday, July 31st. Finally, Credit Suisse Group set a $250.00 price objective on shares of Strategy in a research note on Tuesday, June 30th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $246.13.

Strategy Price Performance

NASDAQ:MSTR opened at $145.80 on Friday. The firm has a market capitalization of $56.02 billion, a price-to-earnings ratio of -1.50 and a beta of 3.56. The company has a debt-to-equity ratio of 0.22, a current ratio of 5.39 and a quick ratio of 5.39. The business has a 50 day simple moving average of $139.63 and a 200-day simple moving average of $131.97. Strategy Inc has a 1 year low of $81.81 and a 1 year high of $299.80.

Strategy (NASDAQ:MSTR) last released its earnings results on Friday, July 31st. The software maker reported ($24.45) earnings per share for the quarter, missing the consensus estimate of ($2.19) by ($22.26). Strategy had a negative net margin of 6,102.95% and a negative return on equity of 74.18%. The company had revenue of $122.37 million for the quarter, compared to the consensus estimate of $122.90 million. During the same period in the prior year, the firm posted $32.52 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities analysts forecast that Strategy Inc will post -15.60 EPS for the current year.

Insider Transactions at Strategy

In other Strategy news, Director Jarrod Patten sold 1,350 shares of Strategy stock in a transaction on Friday, October 9th. The shares were sold at an average price of $156.16, for a total transaction of $210,816.00. Following the completion of the transaction, the director directly owned 28,406 shares of the company’s stock, valued at $4,435,880.96. The trade was a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 12,150 shares of company stock valued at $1,635,392 in the last ninety days. 5.40% of the stock is owned by company insiders.

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.