Strategy Inc $MSTR Stock Bought by Candriam S.C.A.

Candriam S.C.A. grew its stake in Strategy Inc (NASDAQ:MSTR) by 87.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,397 shares of the software maker’s stock after acquiring an additional 15,535 shares during the period. Candriam S.C.A.’s holdings in Strategy were worth $5,131,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Ancora Advisors LLC boosted its holdings in shares of Strategy by 111.7% in the second quarter. Ancora Advisors LLC now owns 290 shares of the software maker’s stock valued at $25,000 after purchasing an additional 153 shares during the period. Continuum Advisory LLC purchased a new position in Strategy during the 2nd quarter worth $26,000. Ameritas Advisory Services LLC purchased a new position in Strategy during the 2nd quarter worth $28,000. Root Financial Partners LLC purchased a new position in Strategy during the 3rd quarter worth $38,000. Finally, Rosenberg Matthew Hamilton bought a new stake in Strategy during the 3rd quarter valued at $52,000. 59.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Strategy news, Director Jarrod Patten sold 4,750 shares of Strategy stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $141.00, for a total value of $669,750.00. Following the transaction, the director owned 28,406 shares in the company, valued at $4,005,246. The trade was a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 14,950 shares of company stock worth $2,113,106 over the last 90 days. 5.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Zacks Research upgraded Strategy from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. UBS Group restated a “buy” rating on shares of Strategy in a report on Friday, July 31st. Alliance Global Partners assumed coverage on shares of Strategy in a research note on Tuesday, September 1st. They issued a “buy” rating and a $217.00 price objective for the company. Barclays reiterated an “overweight” rating and set a $175.00 target price (up from $160.00) on shares of Strategy in a report on Friday, October 9th. Finally, Citigroup reissued a “buy” rating and set a $240.00 target price (up from $136.00) on shares of Strategy in a research report on Friday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $244.79.

Strategy Stock Down 3.6%

Shares of NASDAQ MSTR opened at $121.07 on Wednesday. The company has a current ratio of 4.04, a quick ratio of 4.04 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $51.14 billion, a PE ratio of -1.99 and a beta of 3.60. The stock’s fifty day simple moving average is $144.15 and its two-hundred day simple moving average is $133.17. Strategy Inc has a 12-month low of $81.81 and a 12-month high of $239.24.

Strategy (NASDAQ:MSTR) last announced its quarterly earnings results on Thursday, October 29th. The software maker reported $44.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $20.19 by $24.56. The business had revenue of $125.43 million for the quarter, compared to the consensus estimate of $127.76 million. Strategy had a negative return on equity of 32.71% and a negative net margin of 2,760.33%. The business’s revenue was down 2.5% compared to the same quarter last year. During the same period last year, the business posted $8.42 EPS. As a group, analysts expect that Strategy Inc will post -13.01 EPS for the current fiscal year.

Strategy News Roundup

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Strategy added 1,036 BTC for about $81.9 million, bringing its holdings to 850,364 BTC. Fidelity also reportedly tripled its stake to $156 million in Q3, while Amundi increased its stake 44% to $291 million. Strategy Bitcoin purchase and STRC repurchases Fidelity increases Strategy stake
• Positive Sentiment: Cantor Fitzgerald reaffirmed its “Overweight” rating and set a $208 price target, providing a bullish counterpoint to recent share weakness. Cantor Fitzgerald price target
• Neutral Sentiment: CEO Phong Le outlined a longer-term plan to build institutional Bitcoin-banking services. The ambition could broaden Strategy’s business, but the report did not detail near-term revenue or results. Strategy’s Bitcoin banking plans
• Negative Sentiment: Bitcoin traded below Strategy’s average acquisition cost of about $75,456 per coin, putting the value of its large treasury below its purchase cost and weighing on sentiment toward MSTR. Bitcoin below Strategy’s average cost
• Negative Sentiment: In the latest reported week, Strategy spent about $188 million repurchasing STRC preferred shares versus roughly $82 million buying Bitcoin. It funded these uses partly through sales of more than 2 million MSTR shares, raising concerns about capital allocation and dilution. Strategy preferred-share buybacks and Bitcoin spending

About Strategy

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.