Mirae Asset Global Investments Co. Ltd. Grows Stake in Strategy Inc $MSTR

Key Points

• Mirae Asset Global Investments Co. Ltd. has increased its stake in Strategy Inc (NASDAQ:MSTR) by 20%, owning 61,073 shares valued at approximately $24.69 million after acquiring additional shares in the second quarter.
• Multiple large investors, including NBC Securities and Thurston Springer Miller Herd & Titak Inc., have adjusted their holdings in Strategy, indicating growing institutional interest in the company.
• Analysts have given Strategy a mixed rating, with a consensus of "Moderate Buy" and an average target price of $509.54, though some analysts decreased their price targets recently.

Mirae Asset Global Investments Co. Ltd. increased its stake in Strategy Inc (NASDAQ:MSTR - Free Report) by 20.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,073 shares of the software maker's stock after acquiring an additional 10,185 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Strategy were worth $24,688,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MSTR. NBC Securities Inc. purchased a new position in shares of Strategy during the first quarter valued at approximately $236,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Strategy by 40.9% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 231 shares of the software maker's stock valued at $67,000 after buying an additional 67 shares during the period. Yousif Capital Management LLC boosted its position in shares of Strategy by 42.9% during the first quarter. Yousif Capital Management LLC now owns 2,909 shares of the software maker's stock valued at $839,000 after buying an additional 873 shares during the period. GAMMA Investing LLC boosted its position in shares of Strategy by 47.7% during the first quarter. GAMMA Investing LLC now owns 830 shares of the software maker's stock valued at $239,000 after buying an additional 268 shares during the period. Finally, Handelsbanken Fonder AB boosted its position in shares of Strategy by 4.2% during the first quarter. Handelsbanken Fonder AB now owns 50,060 shares of the software maker's stock valued at $14,431,000 after buying an additional 2,000 shares during the period. Hedge funds and other institutional investors own 59.84% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on MSTR shares. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $54.00 price target (down previously from $65.00) on shares of Strategy in a research note on Tuesday. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $464.00 price target on shares of Strategy in a research note on Tuesday, August 26th. Cowen reaffirmed a "buy" rating on shares of Strategy in a research note on Wednesday, August 13th. Weiss Ratings reiterated a "hold (c)" rating on shares of Strategy in a report on Saturday, September 27th. Finally, Benchmark reiterated a "buy" rating on shares of Strategy in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Strategy has an average rating of "Moderate Buy" and an average target price of $509.54.

Insider Buying and Selling

In other Strategy news, Director Gregg Winiarski acquired 10,000 shares of Strategy stock in a transaction that occurred on Friday, August 8th. The stock was bought at an average price of $97.65 per share, with a total value 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 represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter L. Briger, Jr. acquired 220,000 shares of Strategy stock in a transaction that occurred on Tuesday, July 29th. The stock was acquired at an average cost of $90.00 per share, with a total value of $19,800,000.00. Following the purchase, the director directly owned 220,000 shares of the company's stock, valued at $19,800,000. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 265,474 shares of company stock valued at $24,056,259 and have sold 152,150 shares valued at $62,847,251. 8.46% of the stock is currently owned by corporate insiders.

Strategy Stock Down 0.2%

Shares of NASDAQ MSTR opened at $351.63 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market capitalization of $99.70 billion, a price-to-earnings ratio of 30.95 and a beta of 3.83. The stock has a 50 day moving average price of $351.36 and a 200 day moving average price of $362.20. Strategy Inc has a 52-week low of $163.97 and a 52-week high of $543.00.

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

Strategy Company 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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