HighTower Advisors LLC Purchases 103,561 Shares of Strategy Inc $MSTR

HighTower Advisors LLC raised its position in Strategy Inc (NASDAQ:MSTR) by 758.7% in the 4th quarter, Holdings Channel reports. The firm owned 117,210 shares of the software maker’s stock after buying an additional 103,561 shares during the quarter. HighTower Advisors LLC’s holdings in Strategy were worth $17,810,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MSTR. Federated Hermes Inc. bought a new position in Strategy in the 2nd quarter valued at $396,000. Cary Street Partners Financial LLC bought a new position in Strategy in the 2nd quarter valued at $202,000. Sei Investments Co. boosted its holdings in Strategy by 136.0% in the 2nd quarter. Sei Investments Co. now owns 39,905 shares of the software maker’s stock valued at $16,125,000 after purchasing an additional 22,999 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Strategy by 59.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,215 shares of the software maker’s stock valued at $7,767,000 after purchasing an additional 7,158 shares during the period. Finally, Peapack Gladstone Financial Corp boosted its holdings in Strategy by 22.0% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 3,055 shares of the software maker’s stock valued at $1,235,000 after purchasing an additional 550 shares during the period. 59.84% of the stock is owned by institutional investors.

Key Headlines Impacting Strategy

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: TD Cowen reiterated a Buy rating and lifted its price target on Strategy, citing continued Bitcoin accumulation and potential upside from the company’s BTC-focused model.
• Positive Sentiment: Reports that Strategy continued buying Bitcoin with capital raised from securities sales reinforce the core bull case that BTC holdings remain the main value driver for MSTR.
• Neutral Sentiment: Michael Saylor’s CNBC comments on tokenization and Strategy’s evolving capital-markets approach support the long-term Bitcoin thesis, but do not create an immediate operating catalyst.
• Negative Sentiment: Investor concern has increased after reports that Strategy may pause Bitcoin buying and could even sell some BTC to support capital-management moves or debt repurchases.
• Negative Sentiment: Zacks Research downgraded Strategy to Strong Sell, adding to bearish sentiment around the stock.
• Negative Sentiment: New insider selling, including CFO Andrew Kang’s stock sale and director Jarrod M. Patten’s disposals, is weighing on confidence in the shares.

Insider Buying and Selling

In other Strategy news, CFO Andrew Kang sold 5,597 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $165.78, for a total value of $927,870.66. Following the transaction, the chief financial officer owned 33,675 shares in the company, valued at approximately $5,582,641.50. The trade was a 14.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Phong Le sold 3,299 shares of the business’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $138.33, for a total transaction of $456,350.67. Following the completion of the transaction, the chief executive officer owned 22,923 shares in the company, valued at $3,170,938.59. The trade was a 12.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 41,549 shares of company stock worth $6,510,803 in the last 90 days. 6.49% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on MSTR shares. Cantor Fitzgerald reissued an “overweight” rating on shares of Strategy in a report on Monday, May 11th. Weiss Ratings restated a “hold (c)” rating on shares of Strategy in a research report on Friday, March 27th. Zacks Research cut shares of Strategy from a “hold” rating to a “strong sell” rating in a research report on Monday, May 18th. BTIG Research restated a “buy” rating and set a $350.00 price objective (up from $250.00) on shares of Strategy in a research report on Wednesday, May 6th. Finally, Benchmark lowered their price objective on shares of Strategy from $705.00 to $570.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $322.21.

Strategy Price Performance

Shares of NASDAQ:MSTR opened at $159.89 on Friday. The stock has a market cap of $56.03 billion, a PE ratio of -3.98 and a beta of 3.59. The company’s fifty day moving average is $152.77 and its 200 day moving average is $160.66. Strategy Inc has a 52 week low of $104.17 and a 52 week high of $457.22. The company has a quick ratio of 6.05, a current ratio of 6.05 and a debt-to-equity ratio of 0.22.

Strategy (NASDAQ:MSTR) last issued its earnings results on Tuesday, May 5th. The software maker reported ($38.25) EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 26.97% and a negative net margin of 2,482.01%.Strategy’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($16.49) EPS. Research analysts anticipate that Strategy Inc will post 116.7 earnings per share for the current year.

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.