Hartline Investment Corp Acquires 6,363 Shares of Strategy Inc $MSTR

Key Points

• Hartline Investment Corp increased its holdings in Strategy Inc (NASDAQ:MSTR) by 353.7%, buying an additional 6,363 shares for a total of 8,162 shares valued at approximately $3.3 million.
• Strategy Inc reported $32.60 EPS for the last quarter, significantly surpassing analysts' expectations, with revenue growing 2.7% year-over-year to $114.49 million.
• Director Peter L. Briger, Jr. made a significant purchase of 220,000 shares worth $19.8 million, indicating strong insider confidence in the company's future prospects.

Hartline Investment Corp grew its holdings in Strategy Inc (NASDAQ:MSTR - Free Report) by 353.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,162 shares of the software maker's stock after purchasing an additional 6,363 shares during the period. Hartline Investment Corp's holdings in Strategy were worth $3,299,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MSTR. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Strategy by 27.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 528,850 shares of the software maker's stock worth $152,452,000 after purchasing an additional 113,752 shares in the last quarter. Mn Services Vermogensbeheer B.V. bought a new stake in shares of Strategy in the 2nd quarter worth $37,391,000. Swedbank AB bought a new stake in shares of Strategy in the 1st quarter worth $17,352,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of Strategy by 75.7% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 125,650 shares of the software maker's stock worth $50,791,000 after purchasing an additional 54,144 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of Strategy in the 1st quarter worth $13,795,000. Institutional investors own 59.84% of the company's stock.

Strategy Price Performance

Shares of Strategy stock opened at $289.87 on Friday. Strategy Inc has a one year low of $197.10 and a one year high of $543.00. The stock's fifty day moving average is $335.82 and its 200 day moving average is $362.23. The stock has a market cap of $82.19 billion, a P/E ratio of 25.52 and a beta of 3.83. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68.

Strategy (NASDAQ:MSTR - Get Free Report) last announced its earnings results on Thursday, July 31st. The software maker reported $32.60 EPS for the quarter, topping 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 company 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 earned ($5.74) EPS. Strategy's revenue for the quarter was up 2.7% compared to the same quarter last year. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Analyst Ratings Changes

MSTR has been the topic of a number of research reports. BTIG Research raised their price target on Strategy from $620.00 to $700.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Canaccord Genuity Group restated a "buy" rating and issued a $464.00 price target on shares of Strategy in a research note on Tuesday, August 26th. Weiss Ratings restated a "hold (c)" rating on shares of Strategy in a research note on Wednesday, October 8th. China Renaissance initiated coverage on Strategy in a research note on Wednesday. They issued a "buy" rating and a $473.00 price target on the stock. Finally, Mizuho raised their price target on Strategy from $563.00 to $586.00 and gave the stock an "outperform" rating in a research note on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Strategy presently has an average rating of "Moderate Buy" and an average target price of $506.93.

Insider Buying and Selling

In other Strategy news, Director Peter L. Briger, Jr. purchased 220,000 shares of the firm's stock in a transaction on Tuesday, July 29th. The shares were acquired at an average cost of $90.00 per share, with a total value of $19,800,000.00. Following the completion of the acquisition, the director directly 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 legal filing with the SEC, which is available through the SEC website. Also, Director Gregg Winiarski purchased 10,000 shares of the firm's stock in a transaction on 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 acquisition, the director owned 10,000 shares of the company's stock, valued at approximately $976,500. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 265,474 shares of company stock worth $24,056,259 and sold 65,000 shares worth $24,099,750. 8.46% of the stock is 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.

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