Insider Buying: Strategy (NASDAQ:MSTR) CEO Purchases 119 Shares of Stock

Key Points

• Phong Le, CEO of Strategy Inc (NASDAQ:MSTR), purchased 119 shares at an average price of $95.03 each, increasing his total ownership significantly despite the stock's recent decline by 0.9%.
• Strategy recently reported earnings of $32.60 per share, substantially exceeding analysts’ expectations, with revenues up 2.7% year-over-year at $114.49 million.
• Institutional investors have been actively increasing their stakes in Strategy, with hedge funds owning 59.84% of the total shares, highlighting growing interest in the company.

Strategy Inc (NASDAQ:MSTR - Get Free Report) CEO Phong Le purchased 119 shares of Strategy stock in a transaction dated Tuesday, August 26th. The shares were acquired at an average cost of $95.03 per share, for a total transaction of $11,308.57. Following the completion of the transaction, the chief executive officer owned 71 shares of the company's stock, valued at approximately $6,747.13. This represents a -247.92% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Phong Le also recently made the following trade(s):

• On Tuesday, July 29th, Phong Le purchased 5,500 shares of Strategy stock. The shares were acquired at an average cost of $90.00 per share, for a total transaction of $495,000.00.
• On Friday, June 6th, Phong Le sold 5,295 shares of Strategy stock. The stock was sold at an average price of $374.54, for a total value of $1,983,189.30.
• On Thursday, June 5th, Phong Le purchased 4,500 shares of Strategy stock. The shares were acquired at an average cost of $85.00 per share, for a total transaction of $382,500.00.

Strategy Stock Down 0.9%

Shares of MSTR stock traded down $3.22 during trading hours on Thursday, reaching $338.84. 8,082,533 shares of the company's stock were exchanged, compared to its average volume of 15,236,489. The stock's 50 day moving average is $392.30 and its 200-day moving average is $354.72. The company has a market cap of $96.08 billion, a price-to-earnings ratio of 29.83 and a beta of 3.76. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. Strategy Inc has a fifty-two week low of $113.69 and a fifty-two week high of $543.00.

Strategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The software maker reported $32.60 earnings per share for the quarter, beating analysts' consensus estimates of ($0.12) by $32.72. The firm had revenue of $114.49 million for the quarter, compared to analyst estimates of $112.68 million. Strategy had a net margin of 1,036.61% and a return on equity of 18.83%. The business's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($5.74) earnings per share. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Institutional Investors Weigh In On Strategy

Several hedge funds have recently modified their holdings of MSTR. MetLife Investment Management LLC boosted its stake in shares of Strategy by 4.9% during the 4th quarter. MetLife Investment Management LLC now owns 3,350 shares of the software maker's stock worth $970,000 after acquiring an additional 158 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its stake in shares of Strategy by 32.9% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,388 shares of the software maker's stock worth $981,000 after acquiring an additional 838 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in shares of Strategy by 15.5% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 18,280 shares of the software maker's stock worth $5,294,000 after acquiring an additional 2,460 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Strategy by 22.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 10,176 shares of the software maker's stock worth $2,947,000 after acquiring an additional 1,897 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Strategy by 24.4% during the 4th quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker's stock worth $311,685,000 after acquiring an additional 210,997 shares in the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MSTR. UBS Group reissued a "buy" rating on shares of Strategy in a report on Friday, May 16th. Barclays reissued a "hold" rating on shares of Strategy in a report on Monday, May 19th. Cantor Fitzgerald reissued an "overweight" rating on shares of Strategy in a report on Wednesday, August 13th. 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 equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $552.50.

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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