1,671 Shares in Strategy Inc $MSTR Bought by Tanager Wealth Management LLP

Key Points

• Tanager Wealth Management LLP has acquired 1,671 shares of Strategy Inc (NASDAQ:MSTR) valued at approximately $675,000, marking a new position for the institutional investor.
• Analysts have varying outlooks for Strategy, with one Strong Buy, eleven Buy, two Hold, and one Sell ratings, and a consensus price target of $509.54.
• In recent insider activity, Director Gregg Winiarski purchased 10,000 shares worth $976,500, while CFO Andrew Kang sold 18,750 shares, reducing his ownership significantly.

Tanager Wealth Management LLP acquired a new position in shares of Strategy Inc (NASDAQ:MSTR - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,671 shares of the software maker's stock, valued at approximately $675,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MSTR. SJS Investment Consulting Inc. lifted its position in shares of Strategy by 25.8% in the second quarter. SJS Investment Consulting Inc. now owns 117 shares of the software maker's stock valued at $47,000 after acquiring an additional 24 shares in the last quarter. Smith Anglin Financial LLC lifted its position in shares of Strategy by 1.2% in the second quarter. Smith Anglin Financial LLC now owns 2,537 shares of the software maker's stock valued at $1,025,000 after acquiring an additional 30 shares in the last quarter. Magnus Financial Group LLC lifted its position in shares of Strategy by 0.9% in the second quarter. Magnus Financial Group LLC now owns 3,660 shares of the software maker's stock valued at $1,479,000 after acquiring an additional 32 shares in the last quarter. Beacon Capital Management LLC lifted its position in shares of Strategy by 0.8% in the second quarter. Beacon Capital Management LLC now owns 5,176 shares of the software maker's stock valued at $2,092,000 after acquiring an additional 39 shares in the last quarter. Finally, Summit Financial LLC lifted its position in shares of Strategy by 5.3% in the first quarter. Summit Financial LLC now owns 815 shares of the software maker's stock valued at $235,000 after acquiring an additional 41 shares in the last quarter. Institutional investors and hedge funds own 59.84% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MSTR. Mizuho upped their price objective on Strategy from $563.00 to $586.00 and gave the company an "outperform" rating in a research report on Monday, August 11th. Cantor Fitzgerald restated an "overweight" rating on shares of Strategy in a research report on Wednesday, August 13th. Cowen restated a "buy" rating on shares of Strategy in a research report on Wednesday, August 13th. TD Cowen reduced their price objective on Strategy from $640.00 to $620.00 and set a "buy" rating on the stock in a research report on Tuesday, September 16th. Finally, Canaccord Genuity Group reiterated a "buy" rating and set a $464.00 target price on shares of Strategy in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $509.54.

Strategy Stock Performance

NASDAQ MSTR opened at $338.41 on Thursday. The business's 50-day moving average price is $353.69 and its 200 day moving average price is $361.32. Strategy Inc has a twelve month low of $157.82 and a twelve month high of $543.00. The company has a market capitalization of $95.96 billion, a PE ratio of 29.79 and a beta of 3.84. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17.

Strategy (NASDAQ:MSTR - Get Free Report) last released its earnings results on Thursday, July 31st. The software maker reported $32.60 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $32.72. The firm had revenue of $114.49 million for the quarter, compared to the consensus estimate 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 for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($5.74) earnings per share. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insider Activity at Strategy

In other news, Director Gregg Winiarski purchased 10,000 shares of the company's stock in a transaction on Friday, August 8th. The stock was bought at an average cost of $97.65 per share, for a total transaction of $976,500.00. Following the completion of the purchase, the director directly owned 10,000 shares of the company's stock, valued at $976,500. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Andrew Kang sold 18,750 shares of the company's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $395.00, for a total value of $7,406,250.00. Following the sale, the chief financial officer owned 24,460 shares of the company's stock, valued at $9,661,700. This represents a 43.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders acquired 265,474 shares of company stock valued at $24,056,259 and sold 152,150 shares valued at $62,847,251. Insiders own 8.46% 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.

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