Ritholtz Wealth Management Invests $722,000 in Strategy Inc $MSTR

Ritholtz Wealth Management purchased a new stake in Strategy Inc (NASDAQ:MSTR) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 1,787 shares of the software maker’s stock, valued at approximately $722,000.

Several other institutional investors have also recently added to or reduced their stakes in MSTR. Sumitomo Mitsui Trust Group Inc. raised its holdings in Strategy by 27.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 528,850 shares of the software maker’s stock valued at $152,452,000 after acquiring an additional 113,752 shares in the last quarter. Mn Services Vermogensbeheer B.V. acquired a new stake in Strategy in the second quarter valued at $37,391,000. Swedbank AB acquired a new stake in Strategy in the first quarter valued at $17,352,000. Robeco Institutional Asset Management B.V. raised its holdings in Strategy by 75.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 125,650 shares of the software maker’s stock valued at $50,791,000 after acquiring an additional 54,144 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Strategy in the first quarter valued at $13,795,000. 59.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on MSTR shares. BTIG Research upped their price target on shares of Strategy from $620.00 to $700.00 and gave the company a “buy” rating in a report on Friday, August 1st. Monness Crespi & Hardt boosted their target price on shares of Strategy from $175.00 to $200.00 and gave the company a “sell” rating in a research note on Tuesday, July 15th. Wells Fargo & Company reiterated an “equal weight” rating and set a $54.00 target price (down previously from $65.00) on shares of Strategy in a research note on Tuesday, September 30th. Canaccord Genuity Group reiterated a “buy” rating and set a $464.00 target price on shares of Strategy in a research note on Tuesday, August 26th. Finally, Mizuho boosted their target price on shares of Strategy from $563.00 to $586.00 and gave the company an “outperform” rating in a research note on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $506.93.

Strategy Stock Up 2.1%

Strategy stock opened at $289.87 on Friday. The company has a 50-day simple moving average of $335.82 and a 200-day simple moving average of $362.58. The firm has a market capitalization of $82.19 billion, a P/E ratio of 25.52 and a beta of 3.83. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. Strategy Inc has a one year low of $197.10 and a one year high of $543.00.

Strategy (NASDAQ:MSTR) last released its quarterly 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 business had revenue of $114.49 million during 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 company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter 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.

Insider Buying and Selling at Strategy

In other news, CFO Andrew Kang sold 18,750 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $395.00, for a total transaction of $7,406,250.00. Following the completion of the transaction, the chief financial officer owned 24,460 shares in the company, valued at approximately $9,661,700. This represents a 43.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Wei-Ming Shao sold 30,000 shares of the 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 completion of the transaction, the executive vice president owned 12,726 shares of the company’s stock, valued at $4,547,890.62. This represents a 70.21% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 265,474 shares of company stock valued at $24,056,259 and have sold 65,000 shares valued at $24,099,750. 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.