Caitong International Asset Management Co. Ltd Takes $3.73 Million Position in Strategy Inc $MSTR

Caitong International Asset Management Co. Ltd purchased a new position in Strategy Inc (NASDAQ:MSTR) during the fourth quarter, Holdings Channel reports. The firm purchased 24,516 shares of the software maker’s stock, valued at approximately $3,725,000. Strategy accounts for 0.9% of Caitong International Asset Management Co. Ltd’s portfolio, making the stock its 17th largest position.

A number of other large investors have also recently bought and sold shares of MSTR. Fideuram Asset Management Ireland dac acquired a new position in Strategy during the fourth quarter valued at approximately $25,000. Dogwood Wealth Management LLC lifted its holdings in shares of Strategy by 280.0% in the fourth quarter. Dogwood Wealth Management LLC now owns 190 shares of the software maker’s stock worth $29,000 after acquiring an additional 140 shares during the last quarter. Wilkerson Advisory Group LLC acquired a new stake in shares of Strategy in the 4th quarter valued at approximately $30,000. Binnacle Investments Inc grew its holdings in shares of Strategy by 492.9% during the 2nd quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock valued at $34,000 after purchasing an additional 69 shares during the last quarter. Finally, Quarry LP increased its position in Strategy by 96.8% during the 4th quarter. Quarry LP now owns 246 shares of the software maker’s stock worth $37,000 after purchasing an additional 121 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Strategy Stock Performance

Shares of MSTR opened at $112.53 on Friday. Strategy Inc has a 52 week low of $104.17 and a 52 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 firm has a market capitalization of $39.44 billion, a P/E ratio of -2.80 and a beta of 3.49. The stock has a 50 day moving average price of $152.69 and a two-hundred day moving average price of $150.03.

Strategy (NASDAQ:MSTR) last announced its quarterly earnings data on Tuesday, May 5th. The software maker reported ($38.25) 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 company had revenue of $124.30 million during the quarter, compared to the consensus estimate of $120.75 million. During the same period in the prior year, the firm posted ($16.49) EPS. The business’s revenue was up 11.9% on a year-over-year basis. Equities analysts forecast that Strategy Inc will post 116.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Phong Le sold 5,522 shares of Strategy stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $123.84, for a total transaction of $683,844.48. Following the completion of the sale, the chief executive officer owned 126,323 shares of the company’s stock, valued at approximately $15,643,840.32. This trade represents a 4.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Jeanine Montgomery sold 354 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $123.84, for a total transaction of $43,839.36. Following the completion of the transaction, the chief accounting officer owned 11,209 shares in the company, valued at approximately $1,388,122.56. This trade represents a 3.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 198,264 shares of company stock valued at $25,880,124. 6.49% of the stock is owned by company insiders.

Key Stories Impacting Strategy

Here are the key news stories impacting Strategy this week:

• Negative Sentiment: Director Jarrod Patten sold 1,500 shares of Strategy, a move that can weigh on sentiment when investors are already worried about the stock’s recent volatility and the company’s financing strategy. Article Title
• Negative Sentiment: Strategy’s preferred stock, STRC, fell to record lows, renewing fears that the company may have a harder time funding future Bitcoin purchases without more dilution or pressure on dividend obligations. Article Title
• Negative Sentiment: Multiple reports said weak STRC pricing is raising concerns about Strategy’s monthly dividend burden and whether its Bitcoin-buying engine can keep operating at the same pace. Article Title
• Negative Sentiment: Bitcoin’s broader weakness, including a large options expiry and hawkish macro fears, is adding to pressure on MSTR because the stock trades as a leveraged proxy for Bitcoin sentiment. Article Title
• Neutral Sentiment: Michael Saylor continued defending Strategy’s Bitcoin model, but his comments have not yet eased market worries about funding, leverage, and dilution. Article Title
• Neutral Sentiment: Strategy also disclosed a modest Bitcoin purchase, which supports its treasury narrative but has been overshadowed by concerns around financing and preferred-share weakness. Article Title

Analysts Set New Price Targets

A number of brokerages have weighed in on MSTR. Zacks Research lowered shares of Strategy from a “hold” rating to a “strong sell” rating in a research report on Monday, May 18th. Monness Crespi & Hardt reissued a “neutral” rating on shares of Strategy in a report on Tuesday, June 2nd. Mizuho cut their price target on Strategy from $320.00 to $265.00 and set an “outperform” rating on the stock in a research note on Monday, June 1st. Canaccord Genuity Group set a $163.00 price objective on Strategy and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Strategy in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $313.93.

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.