HB Wealth Management LLC Increases Holdings in Strategy Inc $MSTR

HB Wealth Management LLC grew its holdings in shares of Strategy Inc (NASDAQ:MSTR) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,061 shares of the software maker’s stock after buying an additional 72 shares during the quarter. HB Wealth Management LLC’s holdings in Strategy were worth $1,237,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in MSTR. NBC Securities Inc. purchased a new stake in shares of Strategy during the 1st quarter valued at about $236,000. Thurston Springer Miller Herd & Titak Inc. raised its position in Strategy by 40.9% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 231 shares of the software maker’s stock worth $67,000 after purchasing an additional 67 shares during the period. Yousif Capital Management LLC raised its position in Strategy by 42.9% in the 1st quarter. Yousif Capital Management LLC now owns 2,909 shares of the software maker’s stock worth $839,000 after purchasing an additional 873 shares during the period. GAMMA Investing LLC raised its position in Strategy by 47.7% in the 1st quarter. GAMMA Investing LLC now owns 830 shares of the software maker’s stock worth $239,000 after purchasing an additional 268 shares during the period. Finally, Handelsbanken Fonder AB raised its position in Strategy by 4.2% in the 1st quarter. Handelsbanken Fonder AB now owns 50,060 shares of the software maker’s stock worth $14,431,000 after purchasing an additional 2,000 shares during the period. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MSTR has been the topic of a number of recent analyst reports. Canaccord Genuity Group reissued a “buy” rating and issued a $464.00 price objective on shares of Strategy in a research report on Tuesday, August 26th. Benchmark reissued a “buy” rating on shares of Strategy in a research report on Wednesday, August 13th. Wells Fargo & Company reissued an “equal weight” rating and issued a $54.00 price objective (down from $65.00) on shares of Strategy in a research report on Tuesday. TD Cowen reduced their price objective on shares of Strategy from $640.00 to $620.00 and set a “buy” rating on the stock in a research report on Tuesday, September 16th. Finally, Cowen restated a “buy” rating on shares of Strategy in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Strategy has a consensus rating of “Moderate Buy” and a consensus target price of $509.54.

Insider Activity at Strategy

In related news, CFO Andrew Kang sold 18,750 shares of Strategy stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $395.00, for a total transaction of $7,406,250.00. Following the transaction, the chief financial officer directly owned 24,460 shares of the company’s stock, valued at $9,661,700. This trade represents a 43.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Gregg Winiarski acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The shares were acquired at an average cost of $97.65 per share, for a total transaction of $976,500.00. Following the completion of the acquisition, the director owned 10,000 shares of the company’s stock, valued at $976,500. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 265,474 shares of company stock valued at $24,056,259 and sold 152,150 shares valued at $62,847,251. 8.46% of the stock is owned by corporate insiders.

Strategy Price Performance

Shares of MSTR stock opened at $351.63 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market capitalization of $99.70 billion, a P/E ratio of 30.95 and a beta of 3.83. The company’s 50-day simple moving average is $351.36 and its two-hundred day simple moving average is $362.20. Strategy Inc has a one year low of $163.97 and a one year high of $543.00.

Strategy (NASDAQ:MSTR) last issued its quarterly earnings data on Thursday, July 31st. The software maker reported $32.60 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $32.72. The company had revenue of $114.49 million for the quarter, compared to analyst estimates of $112.68 million. Strategy had a net margin of 1,036.61% and a return on equity of 18.83%. Strategy’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company posted ($5.74) earnings per share. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Strategy Profile

Strategy Incorporated, formerly known as MicroStrategy, provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers Strategy ONE, a platform that allows non-technical users to access novel and actionable insights for decision-making, and Strategy Cloud for Government, which provides always-on threat monitoring designed to meet the strict technical and regulatory standards of governments and financial institutions.