Strategy Inc $MSTR Shares Bought by Allstate Corp

Key Points

• Allstate Corp increased its stake in Strategy Inc (NASDAQ:MSTR) by 50.3% in Q1, acquiring an additional 2,717 shares, bringing their total holdings to a value of $2.34 million.
• Strategy recently reported $32.60 EPS for the last quarter, significantly exceeding analyst estimates and showing a 2.7% revenue increase year-over-year.
• Despite varying analyst ratings, Strategy has an average rating of "Moderate Buy" with a consensus price target of $552.50, while several analysts maintain a bullish outlook with "Buy" ratings.

Allstate Corp grew its holdings in Strategy Inc (NASDAQ:MSTR - Free Report) by 50.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,117 shares of the software maker's stock after acquiring an additional 2,717 shares during the quarter. Allstate Corp's holdings in Strategy were worth $2,340,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC raised its position 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 during the last quarter. Yousif Capital Management LLC increased its stake in Strategy by 42.9% during 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. purchased a new position in shares of Strategy in the first quarter worth $236,000. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Strategy in the first quarter worth $13,795,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Strategy during the fourth quarter worth $1,431,000. Hedge funds and other institutional investors own 59.84% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Cantor Fitzgerald reissued an "overweight" rating on shares of Strategy in a research report on Wednesday, August 13th. TD Cowen lifted their price target on Strategy from $590.00 to $680.00 and gave the stock a "buy" rating in a research report on Tuesday, July 15th. Monness Crespi & Hardt boosted 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. Benchmark restated a "buy" rating on shares of Strategy in a research note on Wednesday, August 13th. Finally, UBS Group reaffirmed a "buy" rating on shares of Strategy in a report on Friday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Strategy presently has an average rating of "Moderate Buy" and a consensus price target of $552.50.

Insider Activity

In other news, CEO Phong Le purchased 5,500 shares of the company's 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 $495,000.00. Following the completion of the transaction, the chief executive officer owned 5,500 shares in the company, valued at $495,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jarrod M. Patten acquired 5,555 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was purchased at an average cost of $90.00 per share, with a total value of $499,950.00. Following the acquisition, the director directly owned 5,555 shares of the company's stock, valued at $499,950. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 278,132 shares of company stock valued at $25,145,795 and sold 188,933 shares valued at $76,682,203. 8.46% of the stock is currently owned by corporate insiders.

Strategy Stock Up 6.1%

Shares of MSTR stock opened at $358.13 on Friday. Strategy Inc has a twelve month low of $113.69 and a twelve month high of $543.00. The stock has a market cap of $101.55 billion, a P/E ratio of 31.53 and a beta of 3.76. The stock has a 50 day moving average of $394.09 and a 200 day moving average of $354.40. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17.

Strategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The software maker reported $32.60 EPS for the quarter, topping the consensus estimate of ($0.12) by $32.72. The business had revenue of $114.49 million for 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%.The business's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($5.74) EPS. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

About Strategy

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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