California Public Employees Retirement System Has $48.46 Million Stake in Strategy Inc $MSTR

California Public Employees Retirement System trimmed its position in shares of Strategy Inc (NASDAQ:MSTR) by 17.5% in the first quarter, Holdings Channel reports. The fund owned 388,298 shares of the software maker’s stock after selling 82,334 shares during the quarter. California Public Employees Retirement System’s holdings in Strategy were worth $48,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Fideuram Asset Management Ireland dac bought a new position in shares of Strategy in the fourth quarter worth about $25,000. Westfuller Advisors LLC bought a new stake in Strategy during the 1st quarter valued at approximately $25,000. Dogwood Wealth Management LLC grew its holdings in Strategy by 280.0% in the 4th quarter. Dogwood Wealth Management LLC now owns 190 shares of the software maker’s stock valued at $29,000 after buying an additional 140 shares during the last quarter. Wilkerson Advisory Group LLC acquired a new stake in Strategy in the 4th quarter valued at approximately $30,000. Finally, Binnacle Investments Inc grew its holdings in 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 buying an additional 69 shares during the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MSTR has been the subject of a number of research analyst reports. TD Cowen cut their price target on Strategy from $400.00 to $260.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Monness Crespi & Hardt reaffirmed a “neutral” rating on shares of Strategy in a research report on Tuesday, June 2nd. Benchmark reissued a “buy” rating on shares of Strategy in a report on Tuesday, June 2nd. Mizuho decreased their price target on shares of Strategy from $265.00 to $213.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 7th. Finally, Citigroup restated a “buy” rating and issued a $136.00 price target (down from $260.00) on shares of Strategy in a research report on Tuesday, June 30th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $266.31.

Insider Buying and Selling

In other Strategy news, CAO Jeanine Montgomery sold 354 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 $43,839.36. Following the completion of the transaction, the chief accounting officer directly owned 11,209 shares of the company’s stock, valued at approximately $1,388,122.56. This trade represents a 3.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Andrew Kang sold 1,949 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $123.84, for a total transaction of $241,364.16. Following the completion of the sale, the chief financial officer owned 71,044 shares in the company, valued at $8,798,088.96. This represents 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. In the last quarter, insiders acquired 11,166 shares of company stock worth $1,014,265 and sold 183,522 shares worth $23,804,822. 6.49% of the stock is owned by corporate insiders.

Strategy Price Performance

NASDAQ:MSTR opened at $97.82 on Tuesday. 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 company has a 50-day moving average of $123.98 and a 200-day moving average of $138.82. Strategy Inc has a 52 week low of $81.81 and a 52 week high of $437.00. The company has a market capitalization of $34.28 billion, a price-to-earnings ratio of -2.44 and a beta of 3.54.

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

Trending Headlines about Strategy

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Strategy raised $263.5 million through MSTR share sales, increasing liquidity and cash reserves to about $3.225 billion while preserving its Bitcoin treasury. Strategy raises $263.5M through MSTR sales, holds 843,775 Bitcoin
• Positive Sentiment: Bitcoin has shown relative strength and is decoupling from broader tech weakness, which supports Strategy’s core treasury-bet narrative. Bitcoin defies recent tech stocks sell-off. Are bulls eyeing a $70K rally?
• Neutral Sentiment: Michael Saylor’s comments against Bitcoin’s proposed BIP-110 upgrade kept Strategy in the crypto conversation, but the remarks are more about long-term Bitcoin governance than near-term fundamentals. Michael Saylor Says Bitcoin’s Proposed BIP-110 Upgrade Is ‘More Dangerous Than the Condition’
• Negative Sentiment: Some market commentary continues to flag liquidity and leverage risks tied to Strategy’s Bitcoin-heavy balance sheet, including concerns about valuation and potential downside if BTC weakens. Prediction Markets Are Pricing Real Risk Into MicroStrategy’s Bitcoin Bet: What the Odds Say

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.