Ethic Inc. Has $4.07 Million Stock Holdings in Strategy Inc $MSTR

Ethic Inc. boosted its stake in Strategy Inc (NASDAQ:MSTR) by 335.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,641 shares of the software maker’s stock after purchasing an additional 9,741 shares during the period. Ethic Inc.’s holdings in Strategy were worth $4,073,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MSTR. Binnacle Investments Inc lifted its stake in shares of Strategy by 492.9% in the 2nd quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock valued at $34,000 after acquiring an additional 69 shares during the last quarter. MCF Advisors LLC acquired a new position in Strategy in the 2nd quarter worth about $35,000. Maseco LLP bought a new position in Strategy in the second quarter valued at about $36,000. AllSquare Wealth Management LLC boosted its stake in shares of Strategy by 100.0% during the second quarter. AllSquare Wealth Management LLC now owns 100 shares of the software maker’s stock valued at $40,000 after purchasing an additional 50 shares in the last quarter. Finally, SJS Investment Consulting Inc. boosted its stake in shares of Strategy by 25.8% during the second quarter. SJS Investment Consulting Inc. now owns 117 shares of the software maker’s stock valued at $47,000 after purchasing an additional 24 shares in the last quarter. Institutional investors own 59.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MSTR. Wells Fargo & Company reiterated an “equal weight” rating and issued a $54.00 price objective (down previously from $65.00) on shares of Strategy in a report on Tuesday, September 30th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Strategy in a research note on Friday, December 5th. TD Cowen reduced their price objective on shares of Strategy from $620.00 to $535.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. HC Wainwright lowered their target price on Strategy from $521.00 to $475.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Strategy in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $465.13.

Trending Headlines about Strategy

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Strategy added another 1,229 BTC (~$109M), increasing its digital-treasury scale and reinforcing the company’s long-term BTC exposure — a potential upside if bitcoin recovers. Strategy Adds 1,229 BTC as Schiff Questions Funding Source
• Neutral Sentiment: Company disclosure: recent BTC purchases were funded through ATM (at-the-market) stock sales — this raises capital efficiency questions but also shows a steady funding mechanism for the treasury strategy. Strategy Expands Bitcoin Treasury Using ATM Stock Proceeds
• Neutral Sentiment: Insider activity is mixed: insiders bought in 2025 but overall insider selling and heavy institutional rotation in Q4 suggest weakening conviction — useful context but not a clear directional signal. Insiders Made Their Bets in 2025—These Were the Top 5 Stocks They Bought
• Negative Sentiment: Citi cut its price target (reiterated Buy but lowered PT materially), reflecting concerns about valuation, dilution and NAV pressure from BTC volatility — analyst downgrades/pt cuts can weigh on sentiment. Citi Lowers PT on Strategy Inc (MSTR), Here’s Why
• Negative Sentiment: Market reaction: shares tumbled to multi‑month lows after another round of equity issuance to fund BTC buys and amid a pullback in bitcoin’s price — investors are penalizing dilution and fearing NAV drawdown. Strategy’s stock falls to fresh lows after using more share sales to buy bitcoin
• Negative Sentiment: High-profile critics and media coverage highlight financing risks and question the sustainability of funding BTC buys via equity — this amplifies headline risk and short‑term selling pressure. Peter Schiff Says Bitcoin Is As High As It Is Due To Michael Saylor, But Predicts Strategy Chair Will ‘Run Out Of Firepower’ Eventually

Strategy Price Performance

Shares of NASDAQ MSTR opened at $155.62 on Wednesday. The company has a market capitalization of $44.72 billion, a PE ratio of 7.24 and a beta of 3.40. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.16. Strategy Inc has a twelve month low of $154.12 and a twelve month high of $457.22. The firm has a fifty day simple moving average of $202.93 and a 200 day simple moving average of $306.88.

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, topping the consensus estimate of ($0.10) by $8.52. The firm 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 business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the company posted ($1.56) EPS. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insider Buying and Selling at Strategy

In related news, Director Jarrod M. Patten acquired 12,000 shares of the stock in a transaction dated Friday, October 17th. The stock was bought at an average price of $96.88 per share, for a total transaction of $1,162,560.00. Following the purchase, the director directly owned 29,335 shares of the company’s stock, valued at $2,841,974.80. The trade was a 69.22% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Wei-Ming Shao sold 30,000 shares of the stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $357.37, for a total transaction of $10,721,100.00. Following the transaction, the executive vice president directly owned 12,726 shares in the company, valued at approximately $4,547,890.62. This represents a 70.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have acquired 24,880 shares of company stock valued at $2,421,219 and have sold 43,177 shares valued at $13,564,266. Insiders own 8.46% of the company’s stock.

Strategy Company Profile

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.