VIRGINIA RETIREMENT SYSTEMS ET Al Invests $9.30 Million in Strategy Inc $MSTR

Key Points

• During the second quarter, Virginia Retirement Systems invested approximately $9.30 million in Strategy Inc (NASDAQ:MSTR) by purchasing 23,000 shares.
• Insider trading reveals that EVP Wei-Ming Shao sold 30,000 shares for over $10.7 million, significantly reducing his stake in the company, while Director Peter L. Briger, Jr. purchased 220,000 shares for $19.8 million.
• Analysts maintain a consensus rating of "Moderate Buy" for Strategy Inc, with price targets ranging from $473.00 to $640.00 as reported in recent research notes.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Strategy Inc (NASDAQ:MSTR - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,000 shares of the software maker's stock, valued at approximately $9,297,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fiduciary Alliance LLC lifted its holdings in Strategy by 28.4% in the second quarter. Fiduciary Alliance LLC now owns 44,918 shares of the software maker's stock valued at $18,157,000 after buying an additional 9,937 shares during the period. Swedbank AB acquired a new position in Strategy in the first quarter valued at $17,352,000. GAMMA Investing LLC lifted its holdings in Strategy by 47.7% in the first quarter. GAMMA Investing LLC now owns 830 shares of the software maker's stock valued at $239,000 after buying an additional 268 shares during the period. Shariaportfolio Inc. lifted its holdings in Strategy by 2.9% in the second quarter. Shariaportfolio Inc. now owns 90,138 shares of the software maker's stock valued at $36,436,000 after buying an additional 2,541 shares during the period. Finally, Maryland State Retirement & Pension System lifted its holdings in Strategy by 12.2% in the second quarter. Maryland State Retirement & Pension System now owns 12,140 shares of the software maker's stock valued at $4,907,000 after buying an additional 1,321 shares during the period. Institutional investors and hedge funds own 59.84% of the company's stock.

Insider Activity at Strategy

In related news, EVP Wei-Ming Shao sold 30,000 shares of the business's stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $357.37, for a total transaction of $10,721,100.00. Following the transaction, the executive vice president directly owned 12,726 shares in the company, valued at approximately $4,547,890.62. The trade was a 70.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter L. Briger, Jr. purchased 220,000 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The shares were purchased at an average price of $90.00 per share, for a total transaction of $19,800,000.00. Following the completion of the acquisition, the director owned 220,000 shares of the company's stock, valued at $19,800,000. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 289,254 shares of company stock valued at $26,372,670 and sold 65,000 shares valued at $24,099,750. Insiders own 8.46% of the company's stock.

Wall Street Analyst Weigh In

MSTR has been the topic of several recent analyst reports. Weiss Ratings restated a "hold (c)" rating on shares of Strategy in a report on Wednesday, October 8th. Benchmark reaffirmed a "buy" rating on shares of Strategy in a research note on Wednesday, August 13th. Cowen reaffirmed a "buy" rating on shares of Strategy in a research note on Wednesday, August 13th. TD Cowen decreased their price target on shares of Strategy from $640.00 to $620.00 and set a "buy" rating for the company in a research note on Tuesday, September 16th. Finally, China Renaissance initiated coverage on shares of Strategy in a research note on Wednesday, October 15th. They issued a "buy" rating and a $473.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Strategy presently has a consensus rating of "Moderate Buy" and an average price target of $506.93.

Strategy Trading Up 2.3%

NASDAQ:MSTR opened at $296.61 on Tuesday. 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 firm has a 50-day moving average of $333.75 and a 200-day moving average of $363.16. The company has a market cap of $84.10 billion, a PE ratio of 26.11 and a beta of 3.83. Strategy Inc has a one year low of $204.91 and a one year high of $543.00.

Strategy (NASDAQ:MSTR - Get Free Report) last posted its earnings results on Thursday, July 31st. The software maker reported $32.60 EPS for the quarter, topping the consensus estimate of ($0.12) by $32.72. The company had revenue of $114.49 million during the quarter, compared to the consensus estimate of $112.68 million. Strategy had a net margin of 1,036.61% and a return on equity of 18.83%. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($5.74) earnings per share. 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.

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