Strategy Inc $MSTR Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC grew its position in Strategy Inc (NASDAQ:MSTR) by 188.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,878 shares of the software maker’s stock after buying an additional 8,418 shares during the period. Venturi Wealth Management LLC’s holdings in Strategy were worth $1,607,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MSTR. Schroder Investment Management Group lifted its position in Strategy by 21.0% in the third quarter. Schroder Investment Management Group now owns 118,478 shares of the software maker’s stock valued at $38,175,000 after buying an additional 20,536 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Strategy by 46.1% during the third quarter. Van ECK Associates Corp now owns 204,506 shares of the software maker’s stock valued at $65,894,000 after acquiring an additional 64,482 shares during the last quarter. Daviman Financial LLC acquired a new stake in shares of Strategy during the fourth quarter valued at about $1,013,000. Harvest Portfolios Group Inc. raised its stake in shares of Strategy by 119.0% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 1,550,520 shares of the software maker’s stock valued at $499,593,000 after acquiring an additional 842,480 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Strategy by 7.5% in the 3rd quarter. Legal & General Group Plc now owns 1,255,770 shares of the software maker’s stock valued at $404,622,000 after acquiring an additional 87,333 shares during the period. Institutional investors and hedge funds own 59.84% of the company’s stock.

Insider Activity

In related news, 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jarrod M. Patten sold 1,500 shares of the stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $106.08, for a total value of $159,120.00. Following the completion of the transaction, the director directly owned 28,406 shares in the company, valued at $3,013,308.48. This trade represents a 5.02% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders acquired 11,166 shares of company stock valued at $1,014,265 and sold 193,622 shares valued at $25,189,621. Insiders own 6.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. BTIG Research reaffirmed 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. Texas Capital upgraded Strategy to a “strong-buy” rating in a research note on Thursday, March 19th. Benchmark restated a “buy” rating on shares of Strategy in a research report on Tuesday, June 2nd. Zacks Research cut Strategy from a “hold” rating to a “strong sell” rating in a research note on Monday, May 18th. Finally, Mizuho dropped their price objective on Strategy from $320.00 to $265.00 and set an “outperform” rating for the company in a research note on Monday, June 1st. One research 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’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $313.93.

Strategy Stock Down 3.5%

Shares of NASDAQ:MSTR opened at $82.31 on Friday. Strategy Inc has a fifty-two week low of $81.81 and a fifty-two week high of $457.22. The firm’s 50 day moving average price is $148.78 and its 200 day moving average price is $147.02. The company has a quick ratio of 6.05, a current ratio of 6.05 and a debt-to-equity ratio of 0.22. The stock has a market cap of $28.85 billion, a price-to-earnings ratio of -2.05 and a beta of 3.49.

Strategy (NASDAQ:MSTR) last posted its quarterly 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). Strategy had a negative return on equity of 26.97% and a negative net margin of 2,482.01%.The firm had revenue of $124.30 million for the quarter, compared to analyst estimates of $120.75 million. During the same quarter last year, the firm earned ($16.49) EPS. The company’s revenue was up 11.9% on a year-over-year basis. As a group, equities research analysts predict that Strategy Inc will post 116.7 earnings per share for the current fiscal year.

Key Strategy News

Here are the key news stories impacting Strategy this week:

• Negative Sentiment: Bitcoin’s drop below key levels has dragged Strategy lower, since MSTR trades largely as a leveraged proxy for the cryptocurrency and has been hit hard as crypto sentiment weakens. Article Title
• Negative Sentiment: Commentary and analyst warnings are raising concerns that Strategy should pause Bitcoin purchases and rebuild cash reserves, which suggests its current capital structure may be too aggressive for the recent crypto downturn. Article Title
• Negative Sentiment: Strategy’s STRC preferred stock has fallen below par, fueling investor concern about dividend coverage, dilution risk, and whether the company may eventually need to slow its Bitcoin accumulation or sell holdings to manage obligations. Article Title
• Negative Sentiment: Rosen Law Firm’s securities investigation into Strategy is adding another overhang, increasing uncertainty around disclosure practices and potentially keeping pressure on the shares. Article Title
• Neutral Sentiment: Some bulls still argue the stock is approaching a more attractive entry point after the selloff, but that view has not yet offset the broader bearish pressure from Bitcoin weakness and financing concerns. Article Title

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.

Founded in 1989 by Michael J.