Stevens Capital Management LP Acquires Shares of 88,977 Strategy Inc $MSTR

Key Points

• Stevens Capital Management LP acquired 88,977 shares of Strategy Inc (NASDAQ:MSTR) in Q2 — about $35.97 million — making the position roughly 9.8% of the fund and its largest holding.
• Strategy posted a surprise quarterly beat with EPS of $8.42 versus a -$0.10 consensus and revenue of $128.69 million, and the company issued FY2025 guidance of 80.00 EPS.
• The stock is trading well below recent averages — opened at $170.50 vs a 50-day SMA of $284.48 and 200-day SMA of $349.00 — while institutional investors own about 59.84% of the shares.

Stevens Capital Management LP acquired a new stake in shares of Strategy Inc (NASDAQ:MSTR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 88,977 shares of the software maker's stock, valued at approximately $35,967,000. Strategy makes up approximately 9.8% of Stevens Capital Management LP's portfolio, making the stock its biggest position.

Other large investors have also recently made changes to their positions in the company. Rhumbline Advisers increased its position in shares of Strategy by 0.6% during the second quarter. Rhumbline Advisers now owns 270,056 shares of the software maker's stock worth $109,165,000 after acquiring an additional 1,650 shares in the last quarter. AlphaCore Capital LLC acquired a new position in Strategy during the 2nd quarter valued at about $96,000. Evelyn Partners Investment Management Services Ltd increased its holdings in Strategy by 17,529.6% during the 2nd quarter. Evelyn Partners Investment Management Services Ltd now owns 14,280 shares of the software maker's stock worth $5,772,000 after purchasing an additional 14,199 shares in the last quarter. Evelyn Partners Investment Management Europe Ltd raised its stake in shares of Strategy by 1,006.7% in the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 6,308 shares of the software maker's stock worth $2,550,000 after purchasing an additional 5,738 shares during the last quarter. Finally, AXQ Capital LP lifted its holdings in shares of Strategy by 63.9% in the second quarter. AXQ Capital LP now owns 2,751 shares of the software maker's stock valued at $1,112,000 after purchasing an additional 1,073 shares in the last quarter. 59.84% of the stock is owned by institutional investors.

Strategy Price Performance

Shares of NASDAQ MSTR opened at $170.50 on Friday. The stock's 50-day simple moving average is $284.48 and its two-hundred day simple moving average is $349.00. The firm has a market capitalization of $48.99 billion, a P/E ratio of 15.01 and a beta of 3.87. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. Strategy Inc has a twelve month low of $166.31 and a twelve month high of $457.22.

Strategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The software maker reported $8.42 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $8.52. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.The firm had revenue of $128.69 million during the quarter, compared to analyst estimates of $116.65 million. During the same quarter in the previous year, the company posted ($1.56) earnings per share. The company's revenue was up 10.9% compared to the same quarter last year. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MSTR shares. TD Cowen reduced their price objective on shares of Strategy from $620.00 to $535.00 and set a "buy" rating for the company in a research report on Friday, October 31st. Wells Fargo & Company restated an "equal weight" rating and issued a $54.00 target price (down previously from $65.00) on shares of Strategy in a research note on Tuesday, September 30th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Strategy in a report on Wednesday, October 8th. BTIG Research dropped their price target on Strategy from $700.00 to $630.00 and set a "buy" rating on the stock in a report on Friday, October 31st. Finally, Monness Crespi & Hardt raised Strategy from a "sell" rating to a "neutral" rating in a research report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Strategy currently has an average rating of "Moderate Buy" and an average target price of $485.80.

Insider Activity

In other Strategy news, Director Jarrod M. Patten purchased 12,000 shares of Strategy stock in a transaction that occurred on Friday, October 17th. The shares were bought at an average price of $96.88 per share, for a total transaction of $1,162,560.00. Following the acquisition, the director directly owned 29,335 shares in the company, valued at approximately $2,841,974.80. This trade represents a 69.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Wei-Ming Shao sold 30,000 shares of Strategy stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $357.37, for a total value of $10,721,100.00. Following the completion of the sale, the executive vice president owned 12,726 shares in the company, valued at approximately $4,547,890.62. This represents a 70.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have bought 36,399 shares of company stock valued at $3,539,220 and have sold 53,177 shares valued at $17,122,166. Corporate insiders own 8.46% of the company's stock.

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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