Principle Wealth Partners LLC Takes $392,000 Position in Strategy Inc $MSTR

Key Points

• Principle Wealth Partners LLC has taken a new position in Strategy Inc, acquiring 969 shares valued at approximately $392,000 in the second quarter.
• Insider transactions included the purchase of 220,000 shares by Director Peter L. Briger, Jr., totaling around $19.8 million, indicating significant confidence in the company's prospects.
• Wall Street analysts are optimistic about Strategy Inc, with a consensus rating of "Moderate Buy" and an average target price of $505.47 after multiple firms reaffirmed positive ratings.

Principle Wealth Partners LLC acquired a new stake in Strategy Inc (NASDAQ:MSTR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 969 shares of the software maker's stock, valued at approximately $392,000.

Several other hedge funds also recently modified their holdings of the business. MCF Advisors LLC bought a new position in Strategy in the second quarter worth $35,000. Maseco LLP bought a new position in Strategy in the second quarter worth $36,000. Hexagon Capital Partners LLC lifted its position in Strategy by 7,750.0% in the first quarter. Hexagon Capital Partners LLC now owns 157 shares of the software maker's stock worth $45,000 after purchasing an additional 155 shares during the period. SJS Investment Consulting Inc. lifted its position in Strategy by 25.8% in the second quarter. SJS Investment Consulting Inc. now owns 117 shares of the software maker's stock worth $47,000 after purchasing an additional 24 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. lifted its position in Strategy by 57.3% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 118 shares of the software maker's stock worth $48,000 after purchasing an additional 43 shares during the period. 59.84% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Strategy news, Director Peter L. Briger, Jr. bought 220,000 shares of the stock in a transaction dated Tuesday, July 29th. The stock was bought at an average cost of $90.00 per share, for a total transaction 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. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jarrod M. Patten bought 12,000 shares of the stock in a transaction dated Friday, October 17th. The stock was acquired at an average price of $96.88 per share, with a total value of $1,162,560.00. Following the completion of the purchase, the director owned 29,335 shares of the company's stock, valued at $2,841,974.80. This represents a 69.22% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 289,254 shares of company stock valued at $26,372,670 and sold 65,000 shares valued at $24,099,750. 8.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MSTR has been the subject of several research reports. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $464.00 target price on shares of Strategy in a research report on Tuesday, August 26th. Mizuho raised their target price on Strategy from $563.00 to $586.00 and gave the stock an "outperform" rating in a research report on Monday, August 11th. China Renaissance initiated coverage on Strategy in a research report on Wednesday, October 15th. They issued a "buy" rating and a $473.00 target price for the company. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Strategy in a research report on Wednesday, August 13th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Strategy in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $505.47.

Strategy Stock Up 1.5%

Shares of NASDAQ MSTR opened at $284.92 on Friday. The stock has a market cap of $80.79 billion, a PE ratio of 25.08 and a beta of 3.83. The business has a fifty day moving average of $327.96 and a two-hundred day moving average of $362.29. Strategy Inc has a 52-week low of $218.25 and a 52-week high of $543.00. 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 issued 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 return on equity of 18.83% and a net margin of 1,036.61%.The company had revenue of $114.49 million during the quarter, compared to analysts' expectations of $112.68 million. During the same period last year, the business earned ($5.74) earnings per share. The business's revenue was up 2.7% on a year-over-year basis. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

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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