Corient Private Wealth LLC Raises Stock Position in Strategy Inc $MSTR

Corient Private Wealth LLC boosted its stake in Strategy Inc (NASDAQ:MSTR) by 92.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 148,054 shares of the software maker’s stock after purchasing an additional 71,075 shares during the period. Corient Private Wealth LLC owned approximately 0.05% of Strategy worth $59,848,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. State Street Corp boosted its stake in shares of Strategy by 9.9% in the 2nd quarter. State Street Corp now owns 5,484,569 shares of the software maker’s stock worth $2,217,027,000 after buying an additional 495,278 shares during the last quarter. Norges Bank bought a new position in Strategy in the second quarter valued at about $1,203,062,000. Amundi boosted its position in Strategy by 378.9% in the second quarter. Amundi now owns 1,783,982 shares of the software maker’s stock worth $717,660,000 after purchasing an additional 1,411,500 shares during the last quarter. Invesco Ltd. grew its stake in shares of Strategy by 14.0% during the 2nd quarter. Invesco Ltd. now owns 1,398,098 shares of the software maker’s stock valued at $565,153,000 after purchasing an additional 171,940 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of Strategy by 19.1% during the 2nd quarter. Legal & General Group Plc now owns 1,168,437 shares of the software maker’s stock valued at $472,317,000 after purchasing an additional 187,291 shares during the period. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Strategy Stock Down 8.1%

Shares of MSTR stock opened at $162.08 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.66 and a quick ratio of 0.66. Strategy Inc has a one year low of $155.61 and a one year high of $457.22. The company’s fifty day moving average price is $235.11 and its 200-day moving average price is $323.91. The company has a market capitalization of $46.57 billion, a price-to-earnings ratio of 7.54 and a beta of 3.40.

Strategy (NASDAQ:MSTR) last issued its quarterly earnings results on Thursday, October 30th. The software maker reported $8.42 earnings per share (EPS) for the quarter, topping 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 business had revenue of $128.69 million during the quarter, compared to analyst estimates of $116.65 million. During the same quarter in the prior year, the business posted ($1.56) EPS. Strategy’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.

Wall Street Analyst Weigh In

MSTR has been the topic of several recent research reports. Benchmark reiterated a “buy” rating on shares of Strategy in a research note on Monday, December 1st. Cowen reiterated a “buy” rating on shares of Strategy in a research report on Friday, October 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of Strategy in a research report on Tuesday, December 9th. BTIG Research reduced their price objective on Strategy from $700.00 to $630.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Finally, HC Wainwright lowered their target price on Strategy from $521.00 to $475.00 and set a “buy” rating on the stock 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 assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $475.80.

Insider Activity at Strategy

In related news, Director Jarrod M. Patten acquired 12,000 shares of the business’s stock in a transaction on Friday, October 17th. The stock was acquired at an average cost of $96.88 per share, with a total value of $1,162,560.00. Following the acquisition, the director directly owned 29,335 shares in the company, valued at $2,841,974.80. This represents a 69.22% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jane A. Dietze bought 1,100 shares of the stock in a transaction dated Friday, November 21st. The stock was bought at an average cost of $95.28 per share, for a total transaction of $104,808.00. Following the acquisition, the director directly owned 2,600 shares of the company’s stock, valued at approximately $247,728. This represents a 73.33% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have acquired 24,880 shares of company stock valued at $2,421,219 and have sold 53,177 shares valued at $17,122,166. 8.46% of the stock is owned by corporate insiders.

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.