Insider Buying: Strategy (NASDAQ:MSTR) Director Buys $1,162,560.00 in Stock

Strategy Inc (NASDAQ:MSTR) Director Jarrod Patten acquired 12,000 shares of the firm’s stock in a transaction on Friday, October 17th. The stock was bought at an average price of $96.88 per share, with a total value of $1,162,560.00. Following the purchase, the director directly owned 29,335 shares of the company’s stock, valued at $2,841,974.80. This represents a 69.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Strategy Stock Down 7.0%

Strategy stock opened at $280.81 on Thursday. The company has a market capitalization of $79.62 billion, a P/E ratio of 24.72 and a beta of 3.83. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. Strategy Inc has a fifty-two week low of $204.91 and a fifty-two week high of $543.00. The stock has a 50-day simple moving average of $329.72 and a 200-day simple moving average of $362.17.

Strategy (NASDAQ:MSTR) last released its quarterly earnings results on Thursday, July 31st. The software maker reported $32.60 EPS for the quarter, topping 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 return on equity of 18.83% and a net margin of 1,036.61%.The firm’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($5.74) earnings per share. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Analyst Ratings Changes

MSTR has been the subject of several recent research reports. Citigroup began coverage on Strategy in a research report on Tuesday. They set a “buy” rating and a $485.00 price target for the company. Benchmark reaffirmed a “buy” rating on shares of Strategy in a research report on Wednesday, August 13th. Monness Crespi & Hardt increased their price objective on shares of Strategy from $175.00 to $200.00 and gave the stock a “sell” rating in a research report on Tuesday, July 15th. Mizuho lifted their target price on shares of Strategy from $563.00 to $586.00 and gave the company an “outperform” rating in a report on Monday, August 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Strategy in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Strategy currently has a consensus rating of “Moderate Buy” and a consensus price target of $505.47.

Hedge Funds Weigh In On Strategy

Several hedge funds have recently bought and sold shares of MSTR. GAMMA Investing LLC increased its position in Strategy by 47.7% during 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 in the last quarter. EQ Wealth Advisors LLC bought a new stake in Strategy during the 1st quarter valued at $88,000. Creative Financial Designs Inc. ADV boosted its position in Strategy by 21.1% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 705 shares of the software maker’s stock worth $203,000 after acquiring an additional 123 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in Strategy by 27.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 528,850 shares of the software maker’s stock worth $152,452,000 after purchasing an additional 113,752 shares in the last quarter. Finally, Amalgamated Bank lifted its stake in Strategy by 43.0% during the first quarter. Amalgamated Bank now owns 12,455 shares of the software maker’s stock worth $3,590,000 after purchasing an additional 3,747 shares during the period. Hedge funds and other institutional investors own 59.84% of the company’s stock.

About Strategy

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.