D.A. Davidson & CO. Buys Shares of 30,929 Strategy Inc $MSTR

D.A. Davidson & CO. purchased a new position in shares of Strategy Inc (NASDAQ:MSTR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,929 shares of the software maker’s stock, valued at approximately $3,860,000.

Several other hedge funds and other institutional investors have also modified their holdings of MSTR. Fideuram Asset Management Ireland dac acquired a new stake in shares of Strategy in the fourth quarter valued at $25,000. Westfuller Advisors LLC purchased a new stake in shares of Strategy in the 1st quarter valued at $25,000. Dogwood Wealth Management LLC lifted its stake in Strategy by 280.0% during the 4th quarter. Dogwood Wealth Management LLC now owns 190 shares of the software maker’s stock worth $29,000 after acquiring an additional 140 shares in the last quarter. Wilkerson Advisory Group LLC acquired a new position in Strategy during the 4th quarter worth about $30,000. Finally, Binnacle Investments Inc lifted its stake in Strategy by 492.9% during the 2nd quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock worth $34,000 after acquiring an additional 69 shares in the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MSTR. Monness Crespi & Hardt reaffirmed a “neutral” rating on shares of Strategy in a research report on Tuesday, June 2nd. Barclays began coverage on shares of Strategy in a research report on Tuesday, July 7th. They set an “overweight” rating and a $130.00 price target on the stock. Mizuho lowered their price objective on shares of Strategy from $265.00 to $213.00 and set an “outperform” rating for the company in a research note on Tuesday, July 7th. TD Cowen dropped their price objective on shares of Strategy from $400.00 to $260.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Finally, Citigroup reaffirmed a “buy” rating and set a $136.00 target price (down from $260.00) on shares of Strategy in a research note on Tuesday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $266.31.

Insiders Place Their Bets

In other Strategy news, CEO Phong Le acquired 11,000 shares of the stock in a transaction dated Monday, June 22nd. The stock was acquired at an average cost of $90.80 per share, with a total value of $998,800.00. Following the transaction, the chief executive officer owned 11,000 shares in the company, valued at $998,800. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew Kang sold 1,949 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $123.84, for a total value of $241,364.16. Following the completion of the transaction, the chief financial officer owned 71,044 shares in the company, valued at approximately $8,798,088.96. The trade was a 2.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders purchased 11,166 shares of company stock valued at $1,014,265 and sold 184,022 shares valued at $23,890,822. Insiders own 6.49% of the company’s stock.

Strategy Price Performance

Strategy stock opened at $94.85 on Monday. The stock has a market cap of $33.24 billion, a P/E ratio of -2.36 and a beta of 3.54. The company has a fifty day simple moving average of $125.94 and a 200-day simple moving average of $139.23. Strategy Inc has a 12-month low of $81.81 and a 12-month high of $454.33. The company has a current ratio of 6.05, a quick ratio of 6.05 and a debt-to-equity ratio of 0.22.

Strategy (NASDAQ:MSTR) last posted its earnings results on Tuesday, May 5th. The software maker reported ($38.25) EPS for the quarter, missing the consensus estimate of ($0.86) by ($37.39). The business had revenue of $124.30 million during the quarter, compared to analysts’ expectations of $120.75 million. Strategy had a negative net margin of 2,482.01% and a negative return on equity of 26.97%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company earned ($16.49) EPS. Equities analysts expect that Strategy Inc will post 57.47 EPS for the current fiscal year.

Key Strategy News

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Strategy increased its cash reserve to roughly $3 billion after selling shares, which should improve balance-sheet flexibility and ease worries about near-term liquidity or forced Bitcoin sales. Article Title
• Neutral Sentiment: Michael Saylor continued to defend Strategy’s Bitcoin treasury model, reinforcing the company’s long-term crypto thesis but offering little immediate operational change. Article Title
• Negative Sentiment: Investors are becoming more skeptical of the valuation, with reports arguing Strategy’s market cap is closer to the value of its Bitcoin holdings than before, reducing the premium that once supported the stock. Article Title
• Negative Sentiment: Broad crypto weakness has also hurt sentiment toward MSTR, since the shares tend to move with Bitcoin and other digital assets. Article Title

Strategy 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.