Strategy Inc $MSTR Shares Bought by Allworth Financial LP

Allworth Financial LP raised its holdings in shares of Strategy Inc (NASDAQ:MSTR) by 10.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,704 shares of the software maker’s stock after acquiring an additional 251 shares during the period. Allworth Financial LP’s holdings in Strategy were worth $1,093,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MSTR. Harvest Portfolios Group Inc. lifted its position in Strategy by 181.8% during the second quarter. Harvest Portfolios Group Inc. now owns 708,040 shares of the software maker’s stock valued at $286,211,000 after purchasing an additional 456,745 shares during the period. Mn Services Vermogensbeheer B.V. acquired a new stake in Strategy during the 2nd quarter worth about $37,391,000. Strs Ohio raised its stake in shares of Strategy by 2,345.9% during the 2nd quarter. Strs Ohio now owns 76,801 shares of the software maker’s stock valued at $31,045,000 after buying an additional 73,661 shares during the last quarter. Swedbank AB acquired a new position in shares of Strategy in the 1st quarter valued at about $17,352,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Strategy by 11.3% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 588,538 shares of the software maker’s stock worth $237,905,000 after buying an additional 59,688 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MSTR. Citigroup began coverage on Strategy in a research report on Tuesday, October 21st. They set a “buy” rating and a $485.00 price target for the company. Mizuho boosted their target price on shares of Strategy from $563.00 to $586.00 and gave the company an “outperform” rating in a research note on Monday, August 11th. TD Cowen lowered their price target on shares of Strategy from $620.00 to $535.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Cowen reaffirmed a “buy” rating on shares of Strategy in a report on Friday, October 31st. Finally, HC Wainwright decreased their price objective on shares of Strategy from $521.00 to $475.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $485.80.

Strategy Stock Down 4.2%

Shares of NASDAQ MSTR opened at $199.75 on Friday. The firm has a market cap of $57.40 billion, a price-to-earnings ratio of 17.58 and a beta of 3.87. The company’s 50-day simple moving average is $298.59 and its 200-day simple moving average is $355.86. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. Strategy Inc has a 52-week low of $194.56 and a 52-week high of $543.00.

Strategy (NASDAQ:MSTR) last released its quarterly earnings results on Thursday, October 30th. The software maker reported $8.42 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $8.52. The firm had revenue of $128.69 million during the quarter, compared to the consensus estimate of $116.65 million. Strategy had a net margin of 1,036.61% and a return on equity of 18.83%. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.56) EPS. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insider Activity at Strategy

In other news, Director Jarrod M. Patten purchased 12,000 shares of the company’s stock in a transaction that occurred on Friday, October 17th. The stock was purchased at an average cost of $96.88 per share, for a total transaction of $1,162,560.00. Following the completion of the transaction, the director owned 29,335 shares of the company’s stock, valued at $2,841,974.80. This trade represents a 69.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Wei-Ming Shao sold 30,000 shares of the firm’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $357.37, for a total value of $10,721,100.00. Following the completion of the transaction, the executive vice president owned 12,726 shares in the company, valued at $4,547,890.62. The trade was a 70.21% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders bought 36,399 shares of company stock worth $3,539,220 and sold 47,934 shares worth $16,067,946. Company insiders own 8.46% of the company’s stock.

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.