State Street Corp Purchases 495,278 Shares of Strategy Inc $MSTR

State Street Corp boosted its position in Strategy Inc (NASDAQ:MSTR) by 9.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,484,569 shares of the software maker’s stock after purchasing an additional 495,278 shares during the period. State Street Corp owned 2.01% of Strategy worth $2,217,027,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. RiverFront Investment Group LLC acquired a new stake in shares of Strategy during the second quarter worth $3,561,000. J.W. Cole Advisors Inc. lifted its holdings in Strategy by 25.3% in the second quarter. J.W. Cole Advisors Inc. now owns 10,262 shares of the software maker’s stock valued at $4,148,000 after buying an additional 2,069 shares during the period. Resona Asset Management Co. Ltd. boosted its position in Strategy by 13.6% during the second quarter. Resona Asset Management Co. Ltd. now owns 77,914 shares of the software maker’s stock valued at $31,298,000 after acquiring an additional 9,338 shares during the last quarter. Stevens Capital Management LP acquired a new stake in Strategy during the 2nd quarter worth about $35,967,000. Finally, Tradewinds LLC. bought a new position in shares of Strategy in the 2nd quarter worth about $556,000. 59.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on MSTR shares. Monness Crespi & Hardt upgraded Strategy from a “sell” rating to a “neutral” rating in a research report on Monday, November 10th. Cantor Fitzgerald restated an “overweight” rating on shares of Strategy in a report on Friday. TD Cowen lowered their price objective on shares of Strategy from $620.00 to $535.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Sanford C. Bernstein set a $450.00 target price on shares of Strategy and gave the company an “outperform” rating in a research report on Monday. Finally, China Renaissance initiated coverage on shares of Strategy in a research note on Wednesday, October 15th. They set a “buy” rating and a $473.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Strategy has an average rating of “Moderate Buy” and an average price target of $475.80.

Insider Buying and Selling at Strategy

In other Strategy news, Director Jane A. Dietze bought 1,100 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were bought at an average price of $95.28 per share, for a total transaction of $104,808.00. Following the acquisition, the director directly owned 2,600 shares of the company’s stock, valued at approximately $247,728. The trade was a 73.33% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Wei-Ming Shao sold 30,000 shares of Strategy stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $357.37, for a total value of $10,721,100.00. Following the transaction, the executive vice president owned 12,726 shares of the company’s stock, valued at $4,547,890.62. This trade represents a 70.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have acquired 37,380 shares of company stock valued at $3,632,719 and have sold 53,177 shares valued at $17,122,166. Insiders own 8.46% of the company’s stock.

Strategy Trading Up 2.9%

NASDAQ MSTR opened at $188.99 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.16. Strategy Inc has a 52 week low of $155.61 and a 52 week high of $457.22. The business has a 50 day moving average price of $249.02 and a 200-day moving average price of $329.33. The company has a market cap of $54.31 billion, a price-to-earnings ratio of 8.79 and a beta of 3.40.

Strategy (NASDAQ:MSTR) last issued its earnings results on Thursday, October 30th. The software maker reported $8.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $8.52. The company had revenue of $128.69 million for the quarter, compared to analysts’ expectations of $116.65 million. Strategy had a return on equity of 20.98% and a net margin of 1,667.09%.Strategy’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the business earned ($1.56) EPS. 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.