Whitaker Myers Wealth Managers LTD. Acquires New Shares in Strategy Inc $MSTR

Key Points

• Whitaker Myers Wealth Managers LTD. acquired 1,361 shares of Strategy Inc (NASDAQ:MSTR) in the second quarter, valued at approximately $550,000.
• Insider transactions include purchases by Director Gregg Winiarski and Peter L. Briger, Jr., totaling over $20 million in new shares.
• Strategy Inc reported a strong quarterly earnings performance, with an EPS of $32.60 that surpassed analysts' expectations and generated revenue of $114.49 million.

Whitaker Myers Wealth Managers LTD. bought a new position in shares of Strategy Inc (NASDAQ:MSTR - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,361 shares of the software maker's stock, valued at approximately $550,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Safe Harbor Fiduciary LLC boosted its holdings in Strategy by 820.0% in the fourth quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock valued at $27,000 after purchasing an additional 82 shares during the period. First United Bank & Trust acquired a new position in Strategy during the first quarter worth approximately $29,000. Siemens Fonds Invest GmbH boosted its holdings in shares of Strategy by 6,992.7% in the fourth quarter. Siemens Fonds Invest GmbH now owns 119,654 shares of the software maker's stock valued at $33,000 after acquiring an additional 117,967 shares during the period. Hexagon Capital Partners LLC grew its stake in shares of Strategy by 7,750.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 157 shares of the software maker's stock valued at $45,000 after purchasing an additional 155 shares during the last quarter. Finally, Vermillion Wealth Management Inc. acquired a new position in Strategy in the 4th quarter valued at $54,000. Institutional investors and hedge funds own 59.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MSTR. Monness Crespi & Hardt boosted their price target on Strategy from $175.00 to $200.00 and gave the stock a "sell" rating in a research note on Tuesday, July 15th. TD Cowen raised their price target on Strategy from $590.00 to $680.00 and gave the stock a "buy" rating in a research note on Tuesday, July 15th. Benchmark reaffirmed a "buy" rating on shares of Strategy in a research note on Wednesday, August 13th. Cantor Fitzgerald reiterated an "overweight" rating on shares of Strategy in a report on Wednesday, August 13th. Finally, Mizuho lifted their price objective on Strategy from $563.00 to $586.00 and gave the stock an "outperform" rating in a report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Strategy currently has an average rating of "Moderate Buy" and an average price target of $552.50.

Strategy Stock Down 1.1%

Strategy stock traded down $3.65 during mid-day trading on Monday, hitting $327.79. The company's stock had a trading volume of 9,506,379 shares, compared to its average volume of 14,902,729. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. Strategy Inc has a 52-week low of $128.51 and a 52-week high of $543.00. The firm's 50 day moving average is $379.35 and its 200 day moving average is $357.52. The company has a market cap of $92.95 billion, a PE ratio of 28.85 and a beta of 3.82.

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

Insider Buying and Selling

In other news, EVP Wei-Ming Shao acquired 2,500 shares of the firm's stock in a transaction on Tuesday, July 29th. The shares were purchased at an average cost of $90.00 per share, for a total transaction of $225,000.00. Following the transaction, the executive vice president owned 2,500 shares of the company's stock, valued at approximately $225,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gregg Winiarski acquired 10,000 shares of the firm's stock in a transaction on Friday, August 8th. The stock was purchased at an average price of $97.65 per share, for a total transaction of $976,500.00. Following the completion of the transaction, the director directly owned 10,000 shares in the company, valued at approximately $976,500. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 252,974 shares of company stock worth $22,844,759 and have sold 142,150 shares worth $59,289,351. 8.46% of the stock is currently owned by company insiders.

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.