Strategy Inc $MSTR Shares Purchased by California Public Employees Retirement System

California Public Employees Retirement System boosted its position in shares of Strategy Inc (NASDAQ:MSTR) by 15.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 410,596 shares of the software maker’s stock after buying an additional 53,413 shares during the period. California Public Employees Retirement System owned 0.15% of Strategy worth $165,975,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MSTR. MCF Advisors LLC purchased a new position in shares of Strategy during the second quarter worth approximately $35,000. Maseco LLP purchased a new stake in Strategy in the 2nd quarter valued at $36,000. SJS Investment Consulting Inc. boosted its stake in Strategy by 25.8% during the 2nd quarter. SJS Investment Consulting Inc. now owns 117 shares of the software maker’s stock worth $47,000 after purchasing an additional 24 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its position in Strategy by 57.3% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 118 shares of the software maker’s stock worth $48,000 after purchasing an additional 43 shares during the last quarter. Finally, AlphaQuest LLC increased its stake in Strategy by 454.5% in the second quarter. AlphaQuest LLC now owns 122 shares of the software maker’s stock valued at $49,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Strategy Stock Performance

NASDAQ MSTR opened at $178.99 on Monday. The stock has a market capitalization of $51.43 billion, a price-to-earnings ratio of 8.33 and a beta of 3.40. The business’s 50 day moving average is $254.55 and its two-hundred day moving average is $332.12. Strategy Inc has a 12-month low of $155.61 and a 12-month high of $457.22. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.16.

Strategy (NASDAQ:MSTR) last posted its quarterly earnings results on Thursday, October 30th. The software maker reported $8.42 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $8.52. Strategy had a return on equity of 20.98% and a net margin of 1,667.09%.The firm had revenue of $128.69 million for the quarter, compared to the consensus estimate of $116.65 million. During the same period in the previous year, the business earned ($1.56) earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insider Transactions at Strategy

In related news, Director Jarrod M. Patten purchased 12,000 shares of the stock in a transaction dated Friday, October 17th. The shares were acquired at an average cost of $96.88 per share, with a total value of $1,162,560.00. Following the purchase, the director directly owned 29,335 shares in the company, valued at $2,841,974.80. This trade represents a 69.22% increase in their position. The acquisition was disclosed in a legal 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 dated Tuesday, October 7th. The shares were sold at an average price of $357.37, for a total transaction of $10,721,100.00. Following the completion of the sale, the executive vice president owned 12,726 shares of the company’s stock, valued at $4,547,890.62. This trade represents a 70.21% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have purchased 37,380 shares of company stock valued at $3,632,719 and have sold 53,177 shares valued at $17,122,166. Corporate insiders own 8.46% of the company’s stock.

Wall Street Analysts Forecast Growth

MSTR has been the subject of several recent research reports. Citigroup assumed coverage on shares of Strategy in a research note on Tuesday, October 21st. They set a “buy” rating and a $485.00 target price for the company. Benchmark reaffirmed a “buy” rating on shares of Strategy in a research note on Monday, December 1st. Canaccord Genuity Group increased their price objective on Strategy from $464.00 to $474.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. TD Cowen dropped their target price on Strategy from $620.00 to $535.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, Mizuho upped their price target on Strategy from $563.00 to $586.00 and gave the stock an “outperform” rating in a research note on Monday, August 11th. One 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $485.80.

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.