J. Derek Lewis & Associates Inc. Takes $1.03 Million Position in Strategy Inc $MSTR

J. Derek Lewis & Associates Inc. acquired a new position in Strategy Inc (NASDAQ:MSTR) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,753 shares of the software maker’s stock, valued at approximately $1,026,000.

Several other institutional investors have also recently made changes to their positions in MSTR. Binnacle Investments Inc raised its stake in Strategy by 492.9% during the 2nd quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock valued at $34,000 after purchasing an additional 69 shares during the period. Wealth Watch Advisors INC bought a new position in Strategy in the 3rd quarter worth approximately $44,000. Fideuram Asset Management Ireland dac purchased a new stake in Strategy during the 4th quarter valued at approximately $25,000. Dogwood Wealth Management LLC grew its holdings in Strategy by 280.0% during 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 in the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in Strategy during the 2nd quarter valued at approximately $77,000. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. B. Riley Financial boosted their target price on shares of Strategy from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Benchmark reaffirmed a “buy” rating on shares of Strategy in a research note on Tuesday, June 2nd. Cantor Fitzgerald reiterated an “overweight” rating on shares of Strategy in a research note on Monday, June 15th. Monness Crespi & Hardt reissued a “neutral” rating on shares of Strategy in a report on Tuesday, June 2nd. Finally, 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. One 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 assigned a Sell rating to the company. Based on data from MarketBeat, Strategy presently has a consensus rating of “Moderate Buy” and a consensus price target of $313.93.

Key Headlines Impacting Strategy

Here are the key news stories impacting Strategy this week:

• Negative Sentiment: Director Jarrod Patten sold 1,500 shares of Strategy, a move that can weigh on sentiment when investors are already worried about the stock’s recent volatility and the company’s financing strategy. Article Title
• Negative Sentiment: Strategy’s preferred stock, STRC, fell to record lows, renewing fears that the company may have a harder time funding future Bitcoin purchases without more dilution or pressure on dividend obligations. Article Title
• Negative Sentiment: Multiple reports said weak STRC pricing is raising concerns about Strategy’s monthly dividend burden and whether its Bitcoin-buying engine can keep operating at the same pace. Article Title
• Negative Sentiment: Bitcoin’s broader weakness, including a large options expiry and hawkish macro fears, is adding to pressure on MSTR because the stock trades as a leveraged proxy for Bitcoin sentiment. Article Title
• Neutral Sentiment: Michael Saylor continued defending Strategy’s Bitcoin model, but his comments have not yet eased market worries about funding, leverage, and dilution. Article Title
• Neutral Sentiment: Strategy also disclosed a modest Bitcoin purchase, which supports its treasury narrative but has been overshadowed by concerns around financing and preferred-share weakness. Article Title

Insider Buying and Selling

In other Strategy news, CFO Andrew Kang sold 1,949 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $123.84, for a total transaction of $241,364.16. Following the sale, the chief financial officer directly owned 71,044 shares in the company, valued at $8,798,088.96. This represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Jeanine Montgomery sold 354 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $123.84, for a total value of $43,839.36. Following the sale, the chief accounting officer owned 11,209 shares in the company, valued at approximately $1,388,122.56. This trade represents a 3.06% decrease in their ownership of the stock. 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 ninety days, insiders sold 198,264 shares of company stock valued at $25,880,124. Insiders own 6.49% of the company’s stock.

Strategy Stock Performance

Strategy stock opened at $112.53 on Friday. The company’s 50-day moving average price is $152.69 and its 200-day moving average price is $150.03. 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 company has a market cap of $39.44 billion, a PE ratio of -2.80 and a beta of 3.49. Strategy Inc has a twelve month low of $104.17 and a twelve month high of $457.22.

Strategy (NASDAQ:MSTR) last announced its quarterly 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). 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 business posted ($16.49) EPS. The firm’s revenue was up 11.9% on a year-over-year basis. On average, equities research analysts forecast that Strategy Inc will post 116.7 EPS for the current fiscal 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.