Berkshire Capital Holdings Inc. Sells 6,580 Shares of Strategy Inc $MSTR

Berkshire Capital Holdings Inc. cut its holdings in shares of Strategy Inc (NASDAQ:MSTR) by 23.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 21,140 shares of the software maker’s stock after selling 6,580 shares during the quarter. Strategy comprises 3.0% of Berkshire Capital Holdings Inc.’s portfolio, making the stock its 16th largest holding. Berkshire Capital Holdings Inc.’s holdings in Strategy were worth $8,545,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Triglav Skladi D.O.O. purchased a new position in Strategy during the 1st quarter valued at $144,000. EverSource Wealth Advisors LLC lifted its position in shares of Strategy by 41.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 32,088 shares of the software maker’s stock worth $9,250,000 after purchasing an additional 9,372 shares during the period. Ethic Inc. boosted its stake in shares of Strategy by 43.2% during the 1st quarter. Ethic Inc. now owns 1,642 shares of the software maker’s stock valued at $502,000 after purchasing an additional 495 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its position in shares of Strategy by 2.0% during the first quarter. Nations Financial Group Inc. IA ADV now owns 34,485 shares of the software maker’s stock valued at $9,941,000 after buying an additional 665 shares during the period. Finally, Mill Creek Capital Advisors LLC increased its position in shares of Strategy by 2.8% during the first quarter. Mill Creek Capital Advisors LLC now owns 1,701 shares of the software maker’s stock valued at $490,000 after buying an additional 46 shares during the period. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Insider Activity

In other news, EVP Wei-Ming Shao sold 30,000 shares of Strategy stock in a transaction dated 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 completion of the transaction, the executive vice president owned 12,726 shares of the company’s stock, valued at $4,547,890.62. The trade was a 70.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jarrod M. Patten purchased 12,000 shares of the company’s stock in a transaction that occurred on Friday, October 17th. The stock was purchased at an average price of $96.88 per share, for a total transaction of $1,162,560.00. Following the purchase, the director owned 29,335 shares in the company, valued at $2,841,974.80. This represents a 69.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders purchased 37,380 shares of company stock worth $3,632,719 and sold 53,177 shares worth $17,122,166. Corporate insiders own 8.46% of the company’s stock.

Strategy Stock Performance

Shares of MSTR opened at $184.64 on Thursday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average price is $245.94 and its 200-day moving average price is $328.32. Strategy Inc has a 52 week low of $155.61 and a 52 week high of $457.22. The stock has a market cap of $53.06 billion, a P/E ratio of 8.59 and a beta of 3.40.

Strategy (NASDAQ:MSTR) last posted its quarterly earnings data on Thursday, October 30th. The software maker reported $8.42 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $8.52. The company had revenue of $128.69 million during the quarter, compared to analyst estimates of $116.65 million. Strategy had a return on equity of 20.98% and a net margin of 1,667.09%.The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the company earned ($1.56) EPS. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Wall Street Analyst Weigh In

Several analysts have weighed in on MSTR shares. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Strategy in a research report on Friday, December 5th. Cowen restated a “buy” rating on shares of Strategy in a research note on Friday, October 31st. Benchmark restated a “buy” rating on shares of Strategy in a research report on Monday, December 1st. China Renaissance assumed coverage on Strategy in a research note on Wednesday, October 15th. They issued a “buy” rating and a $473.00 price target on the stock. Finally, TD Cowen decreased their price objective on Strategy from $620.00 to $535.00 and set a “buy” rating for the company in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $475.80.

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.