Salem Investment Counselors Inc. Buys 4,853 Shares of Strategy Inc $MSTR

Key Points

• Salem Investment Counselors Inc. significantly boosted its stake in Strategy Inc., increasing holdings by 1,219.3% during the second quarter, now valued at $2.12 million.
• Director Peter L. Briger, Jr. made a substantial purchase of 220,000 shares for around $19.8 million, marking a significant increase in his ownership.
• The stock has mixed ratings among analysts, with a consensus price target of $552.50 and a recent performance showing earnings per share of $32.60, far exceeding analysts' expectations.

Salem Investment Counselors Inc. increased its stake in shares of Strategy Inc (NASDAQ:MSTR - Free Report) by 1,219.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,251 shares of the software maker's stock after buying an additional 4,853 shares during the quarter. Salem Investment Counselors Inc.'s holdings in Strategy were worth $2,123,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Swedbank AB acquired a new stake in shares of Strategy in the 1st quarter valued at $17,352,000. GAMMA Investing LLC boosted its holdings in shares of Strategy by 47.7% in the 1st quarter. GAMMA Investing LLC now owns 830 shares of the software maker's stock valued at $239,000 after purchasing an additional 268 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Strategy by 42.9% in the 1st quarter. Yousif Capital Management LLC now owns 2,909 shares of the software maker's stock valued at $839,000 after purchasing an additional 873 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Strategy in the 1st quarter valued at $236,000. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Strategy in the 1st quarter valued at $13,795,000. Institutional investors and hedge funds own 59.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MSTR shares. BTIG Research raised their target price on Strategy from $620.00 to $700.00 and gave the company a "buy" rating in a report on Friday, August 1st. Barclays reaffirmed a "hold" rating on shares of Strategy in a report on Monday, May 19th. Monness Crespi & Hardt increased their price target on Strategy from $175.00 to $200.00 and gave the company a "sell" rating in a research note on Tuesday, July 15th. Cowen reiterated a "buy" rating on shares of Strategy in a research note on Wednesday, August 13th. Finally, Cantor Fitzgerald reiterated an "overweight" rating on shares of Strategy in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $552.50.

Strategy Price Performance

Shares of MSTR traded down $3.65 during trading hours on Monday, reaching $327.79. The stock had a trading volume of 9,506,379 shares, compared to its average volume of 14,902,729. Strategy Inc has a 12 month low of $128.51 and a 12 month high of $543.00. The stock has a market capitalization of $92.95 billion, a PE ratio of 28.85 and a beta of 3.82. 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 company's 50-day moving average is $379.35 and its two-hundred day moving average is $357.52.

Strategy (NASDAQ:MSTR - Get Free Report) last announced its earnings results on Thursday, July 31st. The software maker reported $32.60 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $32.72. The business had revenue of $114.49 million during the quarter, compared to analyst estimates of $112.68 million. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.Strategy's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the company earned ($5.74) EPS. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insider Buying and Selling at Strategy

In related news, Director Peter L. Briger, Jr. bought 220,000 shares of the 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 transaction, the director directly owned 220,000 shares in the company, valued at approximately $19,800,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jeanine Montgomery sold 43,750 shares of the firm's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $430.54, for a total value 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. This represents a 83.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 252,974 shares of company stock worth $22,844,759 and sold 142,150 shares worth $59,289,351. 8.46% of the stock is currently owned by company insiders.

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.