Jarrod Patten Purchases 12,000 Shares of Strategy (NASDAQ:MSTR) Stock

Key Points

• Director Jarrod Patten of Strategy Inc. purchased 12,000 shares of the company's stock at an average price of $96.88 per share, increasing his stake by 69.22%.
• Following the acquisition, Patten now directly owns a total of 29,335 shares valued at approximately $2.84 million.
• Strategy Inc. recently reported $32.60 EPS for the last quarter, significantly exceeding analysts' expectations and setting FY 2025 guidance at 80.000 EPS.

Strategy Inc (NASDAQ:MSTR - Get Free Report) Director Jarrod Patten acquired 12,000 shares of the stock in a transaction that occurred on Friday, October 17th. The stock was acquired at an average price of $96.88 per share, with a total value of $1,162,560.00. Following the completion of the transaction, the director directly owned 29,335 shares of the company's stock, valued at $2,841,974.80. This trade represents a 69.22% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Strategy Trading Up 2.3%

NASDAQ:MSTR traded up $6.74 during trading hours on Monday, reaching $296.61. 9,652,557 shares of the stock were exchanged, compared to its average volume of 14,616,082. 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 business has a 50-day moving average of $335.82 and a two-hundred day moving average of $363.14. Strategy Inc has a twelve month low of $204.91 and a twelve month high of $543.00. The company has a market capitalization of $84.10 billion, a price-to-earnings ratio of 26.11 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 EPS for the quarter, topping analysts' consensus estimates of ($0.12) by $32.72. The company had revenue of $114.49 million for the quarter, compared to analysts' expectations of $112.68 million. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.The firm's revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($5.74) earnings per share. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. TD Cowen reduced their price objective on Strategy from $640.00 to $620.00 and set a "buy" rating on the stock in a research note on Tuesday, September 16th. Benchmark reissued a "buy" rating on shares of Strategy in a report on Wednesday, August 13th. Mizuho upped their price objective on Strategy from $563.00 to $586.00 and gave the stock an "outperform" rating in a research report on Monday, August 11th. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Strategy in a research report on Wednesday, August 13th. Finally, Cowen reaffirmed a "buy" rating on shares of Strategy in a research report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $506.93.

Hedge Funds Weigh In On Strategy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Binnacle Investments Inc lifted its position in Strategy by 492.9% in the second quarter. Binnacle Investments Inc now owns 83 shares of the software maker's stock valued at $34,000 after purchasing an additional 69 shares during the period. MCF Advisors LLC acquired a new stake in shares of Strategy during the 2nd quarter valued at approximately $35,000. Maseco LLP acquired a new position in shares of Strategy during the 2nd quarter worth approximately $36,000. AllSquare Wealth Management LLC raised its position in shares of Strategy by 100.0% during the 2nd quarter. AllSquare Wealth Management LLC now owns 100 shares of the software maker's stock worth $40,000 after purchasing an additional 50 shares during the last quarter. Finally, Hexagon Capital Partners LLC grew its stake in Strategy by 7,750.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 157 shares of the software maker's stock worth $45,000 after acquiring an additional 155 shares during the period. Hedge funds and other institutional investors own 59.84% of the company's stock.

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.

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.