Kestra Advisory Services LLC Sells 15,939 Shares of Strategy Inc $MSTR

Kestra Advisory Services LLC decreased its position in Strategy Inc (NASDAQ:MSTR) by 27.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,117 shares of the software maker’s stock after selling 15,939 shares during the period. Kestra Advisory Services LLC’s holdings in Strategy were worth $6,295,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MSTR. Ancora Advisors LLC boosted its stake in shares of Strategy by 111.7% during the 2nd quarter. Ancora Advisors LLC now owns 290 shares of the software maker’s stock worth $25,000 after acquiring an additional 153 shares in the last quarter. Continuum Advisory LLC acquired a new stake in shares of Strategy during the 2nd quarter valued at about $26,000. Ameritas Advisory Services LLC acquired a new stake in shares of Strategy during the 2nd quarter valued at about $28,000. Root Financial Partners LLC purchased a new position in shares of Strategy in the 3rd quarter valued at about $38,000. Finally, Rosenberg Matthew Hamilton purchased a new position in shares of Strategy in the 3rd quarter valued at about $52,000. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Insider Buying and Selling at Strategy

In related news, Director Jarrod Patten sold 4,750 shares of the company’s stock in a transaction that occurred on 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 directly owned 28,406 shares in the company, valued at approximately $4,005,246. This represents a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 14,950 shares of company stock valued at $2,113,106. Corporate insiders own 5.40% of the company’s stock.

Strategy Stock Up 1.1%

Shares of NASDAQ MSTR opened at $122.35 on Thursday. Strategy Inc has a 12-month low of $81.81 and a 12-month high of $234.84. The stock has a market cap of $51.68 billion, a PE ratio of -2.01 and a beta of 3.60. 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 company has a 50-day moving average of $144.10 and a 200 day moving average of $132.97.

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MSTR. Zacks Research raised Strategy from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. Benchmark reissued a “buy” rating and issued a $435.00 price objective (down from $570.00) on shares of Strategy in a report on Monday, July 27th. Barclays restated an “overweight” rating and issued a $175.00 price objective (up from $160.00) on shares of Strategy in a research report on Friday, October 9th. HC Wainwright reaffirmed a “buy” rating and set a $250.00 target price on shares of Strategy in a research note on Friday, October 30th. Finally, Citigroup reaffirmed a “buy” rating and set a $240.00 target price (up from $136.00) on shares of Strategy in a research note on Friday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Strategy presently has a consensus rating of “Moderate Buy” and an average target price of $244.79.

Key Strategy News

These are some of the MSTR news items that stood out recently:

• Positive Sentiment: Cantor Fitzgerald sees about 66% upside, with a $208 price target, providing a bullish analyst view amid recent share-price weakness. Cantor Fitzgerald Sees 66% Upside in Strategy
• Negative Sentiment: MSCI’s final review list marks Strategy for deletion, with the change taking effect after the November 30 market close. Funds tracking the indexes may sell shares; reports say MSCI-tracking funds hold about $1.6 billion of MSTR, creating potential selling pressure. MSCI confirms Strategy’s removal from indexes
• Negative Sentiment: Bitcoin was reported below Strategy’s average purchase cost, leaving its large holdings underwater at the time of the report. That increases sensitivity to further Bitcoin declines and could complicate future funding decisions. Bitcoin below Strategy’s average cost

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.