TD Asset Management Inc Increases Position in Strategy Inc $MSTR

Key Points

• TD Asset Management Inc increased its stake in Strategy Inc (NASDAQ:MSTR) by 22.1%, owning a total of 107,991 shares worth approximately $43.7 million after acquiring an additional 19,565 shares during the second quarter.
• Strategy has received positive analyst ratings, with BTIG Research raising its target price from $620.00 to $700.00, indicating a broadly optimistic view on the stock among analysts.
• Despite recent gains, CFO Andrew Kang sold 18,750 shares at an average price of $395.00 on August 7th, a 43.39% reduction in his ownership, while Director Peter L. Briger, Jr. purchased 220,000 shares at $90.00 each.

TD Asset Management Inc raised its holdings in shares of Strategy Inc (NASDAQ:MSTR - Free Report) by 22.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,991 shares of the software maker's stock after acquiring an additional 19,565 shares during the quarter. TD Asset Management Inc's holdings in Strategy were worth $43,653,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in MSTR. Yousif Capital Management LLC increased its holdings 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. GAMMA Investing LLC increased 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 in the last quarter. Janney Montgomery Scott LLC increased its holdings in Strategy by 3.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 27,905 shares of the software maker's stock valued at $8,044,000 after acquiring an additional 881 shares in the last quarter. EQ Wealth Advisors LLC purchased a new position in Strategy during the 1st quarter valued at about $88,000. Finally, Creative Financial Designs Inc. ADV increased its holdings in Strategy by 21.1% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 705 shares of the software maker's stock valued at $203,000 after acquiring an additional 123 shares in the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MSTR has been the subject of several recent research reports. BTIG Research raised their target price on shares of Strategy from $620.00 to $700.00 and gave the company a "buy" rating in a report on Friday, August 1st. TD Cowen lowered their price target on shares of Strategy from $640.00 to $620.00 and set a "buy" rating for the company in a report on Tuesday, September 16th. Cowen reiterated a "buy" rating on shares of Strategy in a report on Wednesday, August 13th. China Renaissance assumed coverage on shares of Strategy in a report on Wednesday. They set a "buy" rating and a $473.00 price target for the company. Finally, Cantor Fitzgerald reiterated an "overweight" rating on shares of Strategy in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued 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, the company has a consensus rating of "Moderate Buy" and a consensus target price of $506.93.

Strategy Price Performance

MSTR opened at $283.84 on Friday. The company's 50 day simple moving average is $337.93 and its 200 day simple moving average is $362.34. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. Strategy Inc has a 1 year low of $185.81 and a 1 year high of $543.00. The stock has a market capitalization of $80.48 billion, a PE ratio of 24.99 and a beta of 3.83.

Strategy (NASDAQ:MSTR - Get Free Report) last released its earnings results on Thursday, July 31st. The software maker reported $32.60 earnings per share (EPS) for the quarter, topping 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 business had revenue of $114.49 million for the quarter, compared to analysts' expectations of $112.68 million. During the same period last year, the company earned ($5.74) earnings per share. The company's quarterly revenue was up 2.7% on a year-over-year basis. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insiders Place Their Bets

In other Strategy news, CFO Andrew Kang sold 18,750 shares of Strategy stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $395.00, for a total transaction of $7,406,250.00. Following the transaction, the chief financial officer directly owned 24,460 shares of the company's stock, valued at $9,661,700. The trade was a 43.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Peter L. Briger, Jr. purchased 220,000 shares of Strategy stock in a transaction on Tuesday, July 29th. The shares were acquired at an average cost of $90.00 per share, for a total transaction of $19,800,000.00. Following the completion of the transaction, the director owned 220,000 shares of the company's stock, valued at $19,800,000. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 265,474 shares of company stock valued at $24,056,259 and sold 65,000 shares valued at $24,099,750. Insiders own 8.46% of the company's stock.

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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