Louisiana State Employees Retirement System Increases Stake in Strategy Inc $MSTR

Louisiana State Employees Retirement System boosted its position in Strategy Inc (NASDAQ:MSTR - Free Report) by 6.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,600 shares of the software maker's stock after acquiring an additional 1,200 shares during the quarter. Louisiana State Employees Retirement System's holdings in Strategy were worth $7,519,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MSTR. First United Bank & Trust purchased a new stake in shares of Strategy in the 1st quarter valued at approximately $29,000. MCF Advisors LLC acquired a new position in shares of Strategy during the second quarter worth $35,000. Maseco LLP acquired a new position in shares of Strategy during the second quarter worth $36,000. Hexagon Capital Partners LLC lifted its holdings in Strategy by 7,750.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 157 shares of the software maker's stock worth $45,000 after buying an additional 155 shares during the last quarter. Finally, SJS Investment Consulting Inc. lifted its holdings in Strategy by 25.8% during the 2nd quarter. SJS Investment Consulting Inc. now owns 117 shares of the software maker's stock worth $47,000 after buying an additional 24 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company's stock.

Insider Activity

In other Strategy news, CAO Jeanine Montgomery sold 43,750 shares of the 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 completion of the sale, the chief accounting officer directly owned 8,606 shares of the company's stock, valued at approximately $3,705,227.24. This trade represents a 83.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew Kang sold 18,750 shares of the stock in a transaction that occurred on 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 directly owned 24,460 shares of the company's stock, valued at $9,661,700. The trade was a 43.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 265,474 shares of company stock valued at $24,056,259 and have sold 119,650 shares valued at $49,799,476. Corporate insiders own 8.46% of the company's stock.

Strategy Price Performance

MSTR stock opened at $328.40 on Wednesday. The company has a market capitalization of $93.12 billion, a P/E ratio of 28.91 and a beta of 3.83. Strategy Inc has a twelve month low of $178.00 and a twelve month high of $543.00. The business has a 50 day simple moving average of $349.15 and a 200-day simple moving average of $363.17. 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 quarterly earnings results on Thursday, July 31st. The software maker reported $32.60 EPS for the quarter, beating the consensus estimate of ($0.12) by $32.72. The firm had revenue of $114.49 million during the quarter, compared to the consensus estimate of $112.68 million. Strategy had a net margin of 1,036.61% and a return on equity of 18.83%. Strategy's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($5.74) EPS. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Monness Crespi & Hardt raised their target price on Strategy from $175.00 to $200.00 and gave the stock a "sell" rating in a research report on Tuesday, July 15th. Mizuho increased their price target on shares of Strategy from $563.00 to $586.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Benchmark reiterated 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 research note on Wednesday, August 13th. Finally, BTIG Research upped their target price on shares of Strategy from $620.00 to $700.00 and gave the company a "buy" rating in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $509.54.

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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