Strategy Inc $MSTR Shares Bought by State of New Jersey Common Pension Fund D

Key Points

• The State of New Jersey Common Pension Fund D increased its holdings in Strategy Inc (NASDAQ:MSTR) by 8.9%, acquiring a total of 83,451 shares valued at approximately $33.73 million.
• Strategy Inc recently reported earnings of $32.60 EPS, significantly beating analysts' expectations, and its revenue increased by 2.7% year-over-year to $114.49 million.
• Insider transactions indicate increased confidence, with Director Jarrod M. Patten purchasing 12,000 shares, marking a 69.22% increase in his ownership, while CFO Andrew Kang reduced his shares by 43.39%.

State of New Jersey Common Pension Fund D boosted its holdings in shares of Strategy Inc (NASDAQ:MSTR - Free Report) by 8.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,451 shares of the software maker's stock after buying an additional 6,836 shares during the period. State of New Jersey Common Pension Fund D's holdings in Strategy were worth $33,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. SJS Investment Consulting Inc. boosted its stake in shares of Strategy by 25.8% in the second quarter. SJS Investment Consulting Inc. now owns 117 shares of the software maker's stock worth $47,000 after buying an additional 24 shares during the last quarter. Mutual Advisors LLC boosted its stake in shares of Strategy by 2.0% in the second quarter. Mutual Advisors LLC now owns 1,350 shares of the software maker's stock worth $548,000 after buying an additional 27 shares during the last quarter. Smith Anglin Financial LLC boosted its stake in shares of Strategy by 1.2% in the second quarter. Smith Anglin Financial LLC now owns 2,537 shares of the software maker's stock worth $1,025,000 after buying an additional 30 shares during the last quarter. Magnus Financial Group LLC boosted its stake in shares of Strategy by 0.9% in the second quarter. Magnus Financial Group LLC now owns 3,660 shares of the software maker's stock worth $1,479,000 after buying an additional 32 shares during the last quarter. Finally, Beacon Capital Management LLC boosted its stake in shares of Strategy by 0.8% in the second quarter. Beacon Capital Management LLC now owns 5,176 shares of the software maker's stock worth $2,092,000 after buying an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 59.84% of the company's stock.

Strategy Price Performance

Shares of Strategy stock opened at $289.08 on Friday. The business has a 50 day simple moving average of $326.41 and a two-hundred day simple moving average of $362.64. Strategy Inc has a 12 month low of $220.82 and a 12 month high of $543.00. The stock has a market capitalization of $81.97 billion, a P/E ratio of 25.45 and a beta of 3.83. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68.

Strategy (NASDAQ:MSTR - Get Free Report) last announced its earnings results on Thursday, July 31st. The software maker reported $32.60 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $112.68 million. During the same quarter in the prior year, the firm earned ($5.74) earnings per share. The business's revenue was up 2.7% compared to the same quarter last year. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. TD Cowen lowered their price target on Strategy from $640.00 to $620.00 and set a "buy" rating on the stock in a research report on Tuesday, September 16th. Cantor Fitzgerald reiterated an "overweight" rating on shares of Strategy in a research report on Wednesday, August 13th. Benchmark reiterated a "buy" rating on shares of Strategy in a research report on Wednesday, August 13th. Monness Crespi & Hardt increased their price target on Strategy from $175.00 to $200.00 and gave the stock a "sell" rating in a research report on Tuesday, July 15th. Finally, Cowen reissued a "buy" rating on shares of Strategy in a report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $505.47.

Insider Transactions at Strategy

In related news, Director Jarrod M. Patten purchased 12,000 shares of the business's stock in a transaction that occurred on Friday, October 17th. The stock was purchased at an average price of $96.88 per share, with a total value of $1,162,560.00. Following the completion of the acquisition, the director owned 29,335 shares in the company, valued at $2,841,974.80. This trade represents a 69.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Andrew Kang sold 18,750 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were 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 directly owned 24,460 shares of the company's stock, valued at approximately $9,661,700. This represents a 43.39% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 289,254 shares of company stock valued at $26,372,670 and have sold 65,000 shares valued at $24,099,750. Company insiders own 8.46% of the company's stock.

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.

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