Corebridge Financial Inc. Grows Stock Holdings in Strategy Inc $MSTR

Key Points

• Corebridge Financial Inc. increased its stake in Strategy Inc by 26.8%, now owning over 16,000 shares valued at approximately $4.81 million.
• Strategy's stock reached a one-year high of $543.00, and its earnings reports exceeded expectations with an EPS of $32.60 for the quarter.
• Brokerages have high confidence in Strategy, with Mizuho and BTIG Research raising their price targets significantly, indicating strong future potential for the stock.

Corebridge Financial Inc. increased its holdings in Strategy Inc (NASDAQ:MSTR - Free Report) by 26.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,691 shares of the software maker's stock after acquiring an additional 3,527 shares during the period. Corebridge Financial Inc.'s holdings in Strategy were worth $4,812,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. MetLife Investment Management LLC grew its holdings in Strategy by 4.9% during the fourth quarter. MetLife Investment Management LLC now owns 3,350 shares of the software maker's stock valued at $970,000 after purchasing an additional 158 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Strategy by 22.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 10,176 shares of the software maker's stock valued at $2,947,000 after purchasing an additional 1,897 shares during the period. Lido Advisors LLC grew its holdings in Strategy by 40.1% during the fourth quarter. Lido Advisors LLC now owns 3,156 shares of the software maker's stock valued at $914,000 after purchasing an additional 903 shares during the period. AQR Capital Management LLC grew its holdings in Strategy by 74.0% during the fourth quarter. AQR Capital Management LLC now owns 15,156 shares of the software maker's stock valued at $4,389,000 after purchasing an additional 6,448 shares during the period. Finally, Utah Retirement Systems grew its holdings in Strategy by 6.0% during the fourth quarter. Utah Retirement Systems now owns 8,900 shares of the software maker's stock valued at $2,578,000 after purchasing an additional 500 shares during the period. 59.84% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Strategy news, Director Jarrod M. Patten acquired 5,555 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were bought at an average price of $90.00 per share, for a total transaction of $499,950.00. Following the completion of the transaction, the director owned 5,555 shares of the company's stock, valued at approximately $499,950. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andrew Kang sold 18,750 shares of the stock in a transaction 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 completion of the sale, the chief financial officer owned 24,460 shares in the company, valued at $9,661,700. This trade represents a 43.39% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 268,251 shares of company stock valued at $24,143,304 and have sold 178,733 shares valued at $72,939,112. 8.46% of the stock is currently owned by corporate insiders.

Strategy Price Performance

MSTR traded down $4.43 during trading on Friday, reaching $334.41. 10,139,529 shares of the company were exchanged, compared to its average volume of 11,263,219. The company's 50-day moving average is $390.99 and its two-hundred day moving average is $355.26. The company has a market cap of $94.82 billion, a price-to-earnings ratio of 29.44 and a beta of 3.82. 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 12-month low of $113.69 and a 12-month 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 earnings per share (EPS) for the quarter, topping 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 business had revenue of $114.49 million for the quarter, compared to analysts' expectations of $112.68 million. During the same quarter in the prior year, the firm posted ($5.74) EPS. The firm's quarterly revenue was up 2.7% on a year-over-year basis. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. UBS Group reissued a "buy" rating on shares of Strategy in a report on Friday, May 16th. Mizuho increased their price objective on Strategy from $563.00 to $586.00 and gave the company an "outperform" rating in a report on Monday, August 11th. Cowen reissued a "buy" rating on shares of Strategy in a report on Wednesday, August 13th. BTIG Research increased their price objective on Strategy from $620.00 to $700.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Benchmark reissued a "buy" rating on shares of Strategy in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $552.50.

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.