SteelPeak Wealth LLC Invests $761,000 in Strategy Inc $MSTR

SteelPeak Wealth LLC bought a new stake in Strategy Inc (NASDAQ:MSTR) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,096 shares of the software maker’s stock, valued at approximately $761,000.

Several other hedge funds have also modified their holdings of MSTR. Fideuram Asset Management Ireland dac purchased a new position in Strategy in the 4th quarter worth approximately $25,000. Westfuller Advisors LLC purchased a new stake in shares of Strategy during the first quarter valued at approximately $25,000. Dogwood Wealth Management LLC raised its stake in shares of Strategy by 280.0% during the fourth quarter. Dogwood Wealth Management LLC now owns 190 shares of the software maker’s stock valued at $29,000 after purchasing an additional 140 shares during the period. Wilkerson Advisory Group LLC acquired a new position in shares of Strategy during the fourth quarter worth $30,000. Finally, Binnacle Investments Inc lifted its position in shares of Strategy by 492.9% during the second quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock worth $34,000 after purchasing an additional 69 shares in the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Strategy Stock Up 0.9%

MSTR stock opened at $94.85 on Friday. Strategy Inc has a twelve month low of $81.81 and a twelve month high of $454.33. The company has a current ratio of 6.05, a quick ratio of 6.05 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $33.24 billion, a P/E ratio of -2.36 and a beta of 3.54. The firm has a 50 day simple moving average of $125.94 and a 200-day simple moving average of $139.34.

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

Key Stories Impacting Strategy

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Strategy increased its cash reserve to roughly $3 billion after selling shares, which should improve balance-sheet flexibility and ease worries about near-term liquidity or forced Bitcoin sales. Article Title
• Neutral Sentiment: Michael Saylor continued to defend Strategy’s Bitcoin treasury model, reinforcing the company’s long-term crypto thesis but offering little immediate operational change. Article Title
• Negative Sentiment: Investors are becoming more skeptical of the valuation, with reports arguing Strategy’s market cap is closer to the value of its Bitcoin holdings than before, reducing the premium that once supported the stock. Article Title
• Negative Sentiment: Broad crypto weakness has also hurt sentiment toward MSTR, since the shares tend to move with Bitcoin and other digital assets. Article Title

Insiders Place Their Bets

In other news, CEO Phong Le sold 93,738 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $118.73, for a total value of $11,129,512.74. Following the sale, the chief executive officer owned 119,925 shares in the company, valued at approximately $14,238,695.25. This represents a 43.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Andrew Kang sold 33,062 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $118.73, for a total transaction of $3,925,451.26. Following the transaction, the chief financial officer directly owned 68,733 shares in the company, valued at $8,160,669.09. The trade was a 32.48% 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 ninety days, insiders purchased 11,166 shares of company stock valued at $1,014,265 and sold 185,522 shares valued at $24,141,247. 6.49% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MSTR has been the subject of a number of recent analyst reports. BTIG Research lowered their price target on shares of Strategy from $350.00 to $250.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Barclays assumed coverage on shares of Strategy in a report on Tuesday, July 7th. They issued an “overweight” rating and a $130.00 price objective on the stock. TD Cowen decreased their price objective on shares of Strategy from $400.00 to $260.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Zacks Research upgraded Strategy from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Strategy in a research report on Wednesday, June 24th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $266.31.

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.