Strategy Inc $MSTR Shares Purchased by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC lifted its position in shares of Strategy Inc (NASDAQ:MSTR - Free Report) by 78.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,982 shares of the software maker's stock after purchasing an additional 870 shares during the period. Sagespring Wealth Partners LLC's holdings in Strategy were worth $801,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Strategy by 27.4% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 528,850 shares of the software maker's stock worth $152,452,000 after purchasing an additional 113,752 shares in the last quarter. Correct Capital Wealth Management lifted its holdings in Strategy by 12.4% in the 1st quarter. Correct Capital Wealth Management now owns 188,463 shares of the software maker's stock worth $54,328,000 after buying an additional 20,790 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Strategy by 75.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 125,650 shares of the software maker's stock worth $50,791,000 after acquiring an additional 54,144 shares in the last quarter. TD Asset Management Inc lifted its stake in shares of Strategy by 22.1% in the second quarter. TD Asset Management Inc now owns 107,991 shares of the software maker's stock worth $43,653,000 after acquiring an additional 19,565 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in shares of Strategy by 26.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 101,880 shares of the software maker's stock valued at $41,183,000 after purchasing an additional 21,499 shares in the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Strategy news, Director Peter L. Briger, Jr. bought 220,000 shares of the company's stock in a transaction dated Tuesday, July 29th. The shares were bought at an average price of $90.00 per share, for a total transaction of $19,800,000.00. Following the acquisition, the director directly owned 220,000 shares of the company's stock, valued at approximately $19,800,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gregg Winiarski purchased 10,000 shares of Strategy stock in a transaction dated Friday, August 8th. The stock was bought at an average cost of $97.65 per share, with a total value of $976,500.00. Following the completion of the transaction, the director directly owned 10,000 shares of the company's stock, valued at $976,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 265,474 shares of company stock valued at $24,056,259 and sold 65,000 shares valued at $24,099,750. Corporate insiders own 8.46% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MSTR shares. 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. Benchmark reiterated a "buy" rating on shares of Strategy in a research report on Wednesday, August 13th. TD Cowen dropped their price objective on shares of Strategy from $640.00 to $620.00 and set a "buy" rating on the stock in a report on Tuesday, September 16th. Cowen restated a "buy" rating on shares of Strategy in a research note on Wednesday, August 13th. Finally, Mizuho lifted their price objective on shares of Strategy from $563.00 to $586.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Strategy currently has a consensus rating of "Moderate Buy" and a consensus target price of $506.93.

Strategy Stock Down 1.3%

Shares of Strategy stock opened at $296.76 on Thursday. Strategy Inc has a 12-month low of $185.81 and a 12-month high of $543.00. The stock's fifty day moving average is $340.29 and its 200-day moving average is $362.37. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $84.15 billion, a PE ratio of 26.12 and a beta of 3.83.

Strategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The software maker reported $32.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.12) by $32.72. Strategy had a net margin of 1,036.61% and a return on equity of 18.83%. The business had revenue of $114.49 million for the quarter, compared to analyst estimates of $112.68 million. During the same quarter in the previous year, the business earned ($5.74) earnings per share. The firm'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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.