Strs Ohio Makes New $905,000 Investment in Strategy Inc $MSTR

Key Points

• Strs Ohio acquired a new stake in Strategy Inc (NASDAQ:MSTR) during the 1st quarter, purchasing 3,140 shares valued at approximately $905,000.
• Several institutional investors have significantly increased their holdings in Strategy Inc, with GAMMA Investing LLC raising its stake by an extraordinary 42,473.7%.
• Analysts have set new price targets for Strategy Inc, with Mizuho raising their target from $563.00 to $586.00 and the average target now standing at $547.50 with a "Moderate Buy" rating.

Strs Ohio purchased a new position in Strategy Inc (NASDAQ:MSTR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,140 shares of the software maker's stock, valued at approximately $905,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Summit Financial LLC grew its holdings in Strategy by 5.3% in the first quarter. Summit Financial LLC now owns 815 shares of the software maker's stock worth $235,000 after purchasing an additional 41 shares during the last quarter. Rothschild Investment LLC grew its holdings in Strategy by 2.3% in the first quarter. Rothschild Investment LLC now owns 2,049 shares of the software maker's stock worth $591,000 after purchasing an additional 46 shares during the last quarter. Mill Creek Capital Advisors LLC grew its holdings in Strategy by 2.8% in the first quarter. Mill Creek Capital Advisors LLC now owns 1,701 shares of the software maker's stock worth $490,000 after purchasing an additional 46 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Strategy by 40.9% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 231 shares of the software maker's stock valued at $67,000 after buying an additional 67 shares during the last quarter. Finally, First Hawaiian Bank grew its holdings in shares of Strategy by 6.8% during the first quarter. First Hawaiian Bank now owns 1,185 shares of the software maker's stock valued at $342,000 after buying an additional 75 shares during the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MSTR. Monness Crespi & Hardt boosted their price objective on shares of Strategy from $175.00 to $200.00 and gave the company a "sell" rating in a report on Tuesday, July 15th. Benchmark reissued a "buy" rating on shares of Strategy in a report on Wednesday, August 13th. Canaccord Genuity Group reissued a "buy" rating and set a $464.00 price objective on shares of Strategy in a report on Tuesday, August 26th. BTIG Research boosted their price objective on shares of Strategy from $620.00 to $700.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Mizuho boosted their price objective on shares of Strategy from $563.00 to $586.00 and gave the company an "outperform" rating in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Strategy currently has a consensus rating of "Moderate Buy" and an average price target of $547.50.

Insiders Place Their Bets

In other Strategy news, EVP Wei-Ming Shao sold 32,500 shares of the company's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $401.47, for a total value of $13,047,775.00. Following the completion of the transaction, the executive vice president owned 12,726 shares in the company, valued at approximately $5,109,107.22. This represents a 71.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gregg Winiarski acquired 10,000 shares of the firm's stock in a transaction on Friday, August 8th. The stock was purchased at an average price of $97.65 per share, with a total value of $976,500.00. Following the transaction, the director owned 10,000 shares of the company's stock, valued at approximately $976,500. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 265,474 shares of company stock valued at $24,056,259 and have sold 142,150 shares valued at $59,289,351. 8.46% of the stock is currently owned by insiders.

Strategy Stock Performance

NASDAQ:MSTR traded down $4.37 during mid-day trading on Friday, hitting $344.75. The company's stock had a trading volume of 17,669,417 shares, compared to its average volume of 10,064,784. Strategy Inc has a 1 year low of $141.64 and a 1 year high of $543.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market cap of $97.75 billion, a price-to-earnings ratio of 30.35 and a beta of 3.82. The business's fifty day moving average is $371.79 and its two-hundred day moving average is $358.83.

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

Strategy Company 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.