Strategy Inc $MSTR Shares Purchased by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors LLC increased its stake in Strategy Inc (NASDAQ:MSTR) by 15.3% during Q2, owning a total of 7,341 shares valued at $2,967,000 at the quarter's end.
• Directors Gregg Winiarski and Peter L. Briger, Jr. made significant acquisitions of the company's stock, purchasing 10,000 shares and 220,000 shares respectively, indicating strong internal confidence in the company's future.
• Strategy Inc. reported $32.60 earnings per share for the last quarter, significantly surpassing analyst estimates and showing a year-over-year revenue increase of 2.7%.

Farther Finance Advisors LLC boosted its position in shares of Strategy Inc (NASDAQ:MSTR - Free Report) by 15.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,341 shares of the software maker's stock after buying an additional 974 shares during the quarter. Farther Finance Advisors LLC's holdings in Strategy were worth $2,967,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Fiduciary Alliance LLC lifted its stake in Strategy by 28.4% during the second quarter. Fiduciary Alliance LLC now owns 44,918 shares of the software maker's stock worth $18,157,000 after purchasing an additional 9,937 shares during the last quarter. Swedbank AB purchased a new position in shares of Strategy during the first quarter worth about $17,352,000. GAMMA Investing LLC boosted its holdings in Strategy by 47.7% during the 1st quarter. GAMMA Investing LLC now owns 830 shares of the software maker's stock valued at $239,000 after acquiring an additional 268 shares during the period. Yousif Capital Management LLC boosted its position 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 acquiring an additional 873 shares in the last quarter. Finally, NBC Securities Inc. purchased a new stake in Strategy during the 1st quarter valued at $236,000. 59.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MSTR shares. Monness Crespi & Hardt boosted their target price on Strategy from $175.00 to $200.00 and gave the stock a "sell" rating in a research report on Tuesday, July 15th. Benchmark reiterated a "buy" rating on shares of Strategy in a report on Wednesday, August 13th. Mizuho increased their price objective on shares of Strategy from $563.00 to $586.00 and gave the company an "outperform" rating in a research report on Monday, August 11th. BTIG Research increased their price objective on Strategy from $620.00 to $700.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $464.00 price target on shares of Strategy in a research report on Tuesday, August 26th. 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $547.50.

Insider Transactions at Strategy

In other news, Director Gregg Winiarski acquired 10,000 shares of the company's stock in a transaction dated Friday, August 8th. The shares were acquired at an average price of $97.65 per share, with a total value of $976,500.00. Following the purchase, the director directly owned 10,000 shares of the company's stock, valued at $976,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Wei-Ming Shao sold 10,000 shares of Strategy stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $355.79, for a total transaction of $3,557,900.00. Following the sale, the executive vice president directly owned 12,726 shares in the company, valued at approximately $4,527,783.54. This trade represents a 44.00% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 265,474 shares of company stock valued at $24,056,259 and sold 152,150 shares valued at $62,847,251. 8.46% of the stock is owned by company insiders.

Strategy Price Performance

Shares of NASDAQ MSTR traded down $8.82 during midday trading on Monday, reaching $335.93. 10,035,932 shares of the company were exchanged, compared to its average volume of 10,080,422. The stock's 50-day moving average price is $369.49 and its 200-day moving average price is $359.91. Strategy Inc has a one year low of $145.01 and a one year high of $543.00. The stock has a market cap of $95.25 billion, a P/E ratio of 29.57 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 (NASDAQ:MSTR - Get Free Report) last issued its earnings results on Thursday, July 31st. The software maker reported $32.60 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $32.72. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.The firm had revenue of $114.49 million for the quarter, compared to analyst estimates of $112.68 million. During the same period in the previous year, the company posted ($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.

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.