CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Takes Position in Strategy Inc $MSTR

Key Points

• CUSHING ASSET MANAGEMENT LP purchased 20,000 shares of Strategy Inc, valued at approximately $8,085,000, during the 2nd quarter.
• Insiders have recently engaged in significant trading, with CAO Jeanine Montgomery selling 43,750 shares and Director Peter L. Briger, Jr. buying 220,000 shares of the company's stock.
• Strategy Inc reported a net margin of 1,036.61% and exceeded earnings estimates by reporting $32.60 EPS, with revenue reaching $114.49 million for the quarter.

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in Strategy Inc (NASDAQ:MSTR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,000 shares of the software maker's stock, valued at approximately $8,085,000.

A number of other hedge funds have also recently made changes to their positions in the company. First United Bank & Trust acquired a new stake in Strategy in the first quarter valued at approximately $29,000. Arlington Trust Co LLC lifted its holdings in Strategy by 86.3% in the 2nd quarter. Arlington Trust Co LLC now owns 149 shares of the software maker's stock worth $60,000 after buying an additional 69 shares during the period. Hexagon Capital Partners LLC lifted 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 period. Vermillion Wealth Management Inc. bought a new position in Strategy during the 4th quarter valued at approximately $54,000. Finally, Dogwood Wealth Management LLC bought a new stake in shares of Strategy in the 4th quarter worth $57,000. 59.84% of the stock is owned by institutional investors and hedge funds.

Strategy Price Performance

NASDAQ MSTR traded down $8.82 during trading on Monday, hitting $335.93. 10,035,932 shares of the company's stock were exchanged, compared to its average volume of 10,080,422. The stock's 50 day moving average price is $369.49 and its two-hundred day moving average price is $359.91. Strategy Inc has a fifty-two week low of $145.01 and a fifty-two week high of $543.00. 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 company has a market cap of $95.25 billion, a PE ratio of 29.57 and a beta of 3.82.

Strategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly 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 company had revenue of $114.49 million during 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 quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($5.74) EPS. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Monness Crespi & Hardt boosted their price objective on Strategy from $175.00 to $200.00 and gave the stock a "sell" rating in a research note on Tuesday, July 15th. BTIG Research boosted their price target on shares of Strategy from $620.00 to $700.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Cowen reaffirmed a "buy" rating on shares of Strategy in a research note on Wednesday, August 13th. TD Cowen reduced their price target on shares of Strategy from $640.00 to $620.00 and set a "buy" rating on the stock in a research report on Tuesday, September 16th. Finally, Mizuho lifted their price objective on shares of Strategy from $563.00 to $586.00 and gave the stock an "outperform" rating in a research note on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $547.50.

Insiders Place Their Bets

In other news, CAO Jeanine Montgomery sold 43,750 shares of the business's stock in a transaction that occurred on 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 transaction, the chief accounting officer directly owned 8,606 shares of the company's stock, valued at approximately $3,705,227.24. The trade was a 83.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregg Winiarski bought 10,000 shares of Strategy stock in a transaction dated Friday, August 8th. The shares were acquired 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 approximately $976,500. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 265,474 shares of company stock worth $24,056,259 and sold 152,150 shares worth $62,847,251. Company insiders own 8.46% of the company's stock.

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.