BI Asset Management Fondsmaeglerselskab A S Purchases 45,076 Shares of Strategy Inc $MSTR

BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Strategy Inc (NASDAQ:MSTR) by 436.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 55,401 shares of the software maker’s stock after acquiring an additional 45,076 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Strategy were worth $22,395,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MCF Advisors LLC purchased a new position in Strategy during the second quarter valued at $35,000. Maseco LLP bought a new position in shares of Strategy in the 2nd quarter worth about $36,000. AllSquare Wealth Management LLC lifted its position in Strategy by 100.0% during the 2nd quarter. AllSquare Wealth Management LLC now owns 100 shares of the software maker’s stock valued at $40,000 after acquiring an additional 50 shares during the period. SJS Investment Consulting Inc. boosted its stake in Strategy by 25.8% during the second quarter. SJS Investment Consulting Inc. now owns 117 shares of the software maker’s stock worth $47,000 after acquiring an additional 24 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. grew its holdings in Strategy by 57.3% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 118 shares of the software maker’s stock worth $48,000 after purchasing an additional 43 shares during the period. 59.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company reiterated an “equal weight” rating and set a $54.00 target price (down from $65.00) on shares of Strategy in a report on Tuesday, September 30th. Benchmark reaffirmed a “buy” rating on shares of Strategy in a research report on Monday, December 1st. BTIG Research dropped their target price on Strategy from $700.00 to $630.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Citigroup began coverage on Strategy in a report on Tuesday, October 21st. They set a “buy” rating and a $485.00 price target for the company. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Strategy in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $475.80.

Strategy Stock Down 3.7%

MSTR stock opened at $176.45 on Friday. The stock has a market capitalization of $50.70 billion, a P/E ratio of 8.21 and a beta of 3.40. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.66 and a quick ratio of 0.66. Strategy Inc has a 1-year low of $155.61 and a 1-year high of $457.22. The business has a fifty day moving average price of $239.06 and a 200-day moving average price of $325.97.

Strategy (NASDAQ:MSTR) last released its quarterly earnings data on Thursday, October 30th. The software maker reported $8.42 EPS for the quarter, topping the consensus estimate of ($0.10) by $8.52. Strategy had a return on equity of 20.98% and a net margin of 1,667.09%.The company had revenue of $128.69 million during the quarter, compared to the consensus estimate of $116.65 million. During the same period last year, the company earned ($1.56) EPS. Strategy’s revenue for the quarter was up 10.9% on a year-over-year basis. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insider Transactions at Strategy

In related news, Director Jane A. Dietze bought 1,100 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was acquired at an average cost of $95.28 per share, for a total transaction of $104,808.00. Following the purchase, the director owned 2,600 shares in the company, valued at approximately $247,728. This represents a 73.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jarrod M. Patten purchased 12,000 shares of the stock in a transaction dated Friday, October 17th. The shares were purchased at an average cost of $96.88 per share, for a total transaction of $1,162,560.00. Following the completion of the acquisition, the director directly owned 29,335 shares in the company, valued at approximately $2,841,974.80. This trade represents a 69.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders purchased 37,380 shares of company stock worth $3,632,719 and sold 53,177 shares worth $17,122,166. Company insiders own 8.46% 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.