Assenagon Asset Management S.A. Buys 1,035 Shares of Strategy Inc $MSTR

Assenagon Asset Management S.A. grew its stake in Strategy Inc (NASDAQ:MSTR - Free Report) by 17.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,065 shares of the software maker's stock after purchasing an additional 1,035 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Strategy were worth $2,856,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. raised its holdings in Strategy by 27.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 528,850 shares of the software maker's stock valued at $152,452,000 after acquiring an additional 113,752 shares during the period. Rhumbline Advisers grew its position in shares of Strategy by 35.5% in the first quarter. Rhumbline Advisers now owns 268,406 shares of the software maker's stock valued at $77,373,000 after purchasing an additional 70,359 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Strategy by 42,473.7% during the first quarter. GAMMA Investing LLC now owns 239,264 shares of the software maker's stock worth $68,973,000 after purchasing an additional 238,702 shares during the period. Correct Capital Wealth Management lifted its holdings in Strategy by 12.4% during the 1st quarter. Correct Capital Wealth Management now owns 188,463 shares of the software maker's stock worth $54,328,000 after purchasing an additional 20,790 shares during the last quarter. Finally, Siemens Fonds Invest GmbH boosted its stake in Strategy by 6,992.7% in the 4th quarter. Siemens Fonds Invest GmbH now owns 119,654 shares of the software maker's stock valued at $33,000 after purchasing an additional 117,967 shares during the period. Institutional investors own 59.84% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on MSTR. Mizuho increased their price objective on Strategy from $563.00 to $586.00 and gave the stock an "outperform" rating in a research report on Monday, August 11th. BTIG Research raised their price target on shares of Strategy from $620.00 to $700.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Canaccord Genuity Group reissued a "buy" rating and issued a $464.00 price objective on shares of Strategy in a report on Tuesday, August 26th. TD Cowen lowered their target price on shares of Strategy from $640.00 to $620.00 and set a "buy" rating on the stock in a report on Tuesday, September 16th. Finally, Monness Crespi & Hardt boosted their price target on Strategy from $175.00 to $200.00 and gave the company a "sell" rating in a research note on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Strategy presently has an average rating of "Moderate Buy" and an average price target of $547.50.

Strategy Price Performance

Shares of NASDAQ:MSTR opened at $300.70 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $85.26 billion, a PE ratio of 26.47 and a beta of 3.82. The firm has a 50 day moving average of $361.54 and a 200-day moving average of $359.86. Strategy Inc has a 12 month low of $156.38 and a 12 month high of $543.00.

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

Insider Activity at Strategy

In other Strategy news, Director Peter L. Briger, Jr. bought 220,000 shares of the stock in a transaction on Tuesday, July 29th. The stock was purchased at an average price of $90.00 per share, with a total value of $19,800,000.00. Following the completion of the purchase, the director owned 220,000 shares in the company, valued at $19,800,000. The trade was a ∞ 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, CAO Jeanine Montgomery sold 43,750 shares of the stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $430.54, for a total transaction of $18,836,125.00. Following the completion of the transaction, the chief accounting officer directly owned 8,606 shares of the company's stock, valued at $3,705,227.24. This trade represents a 83.56% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have acquired 265,474 shares of company stock worth $24,056,259 and have sold 152,150 shares worth $62,847,251. Corporate 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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