Nordea Investment Management AB Has $8.45 Million Stake in Strategy Inc $MSTR

Nordea Investment Management AB raised its stake in shares of Strategy Inc (NASDAQ:MSTR) by 17.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 21,472 shares of the software maker’s stock after purchasing an additional 3,168 shares during the quarter. Nordea Investment Management AB’s holdings in Strategy were worth $8,449,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. GAMMA Investing LLC increased its stake in Strategy by 47.7% during the first quarter. GAMMA Investing LLC now owns 830 shares of the software maker’s stock valued at $239,000 after acquiring an additional 268 shares during the period. EQ Wealth Advisors LLC acquired a new stake in shares of Strategy during the 1st quarter worth approximately $88,000. Creative Financial Designs Inc. ADV increased its position in shares of Strategy by 21.1% during the first quarter. Creative Financial Designs Inc. ADV now owns 705 shares of the software maker’s stock valued at $203,000 after purchasing an additional 123 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of 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 purchasing an additional 113,752 shares in the last quarter. Finally, Amalgamated Bank raised its stake in shares of Strategy by 43.0% in the first quarter. Amalgamated Bank now owns 12,455 shares of the software maker’s stock valued at $3,590,000 after purchasing an additional 3,747 shares in the last quarter. Institutional investors own 59.84% of the company’s stock.

Insider Buying and Selling at Strategy

In related news, CFO Andrew Kang sold 18,750 shares of the firm’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $395.00, for a total transaction of $7,406,250.00. Following the completion of the sale, the chief financial officer directly owned 24,460 shares of the company’s stock, valued at $9,661,700. This trade represents a 43.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jarrod M. Patten acquired 12,000 shares of Strategy stock in a transaction on Friday, October 17th. The stock was acquired at an average cost of $96.88 per share, for a total transaction of $1,162,560.00. Following the purchase, the director owned 29,335 shares of the company’s stock, valued at approximately $2,841,974.80. This represents a 69.22% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 289,254 shares of company stock worth $26,372,670 and sold 65,000 shares worth $24,099,750. Insiders own 8.46% of the company’s stock.

Strategy Trading Up 2.3%

Shares of Strategy stock opened at $296.61 on Tuesday. Strategy Inc has a 12-month low of $204.91 and a 12-month high of $543.00. The stock has a market capitalization of $84.10 billion, a P/E ratio of 26.11 and a beta of 3.83. The company has a 50-day simple moving average of $333.75 and a 200 day simple moving average of $363.16. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17.

Strategy (NASDAQ:MSTR) last issued its quarterly earnings data on Thursday, July 31st. The software maker reported $32.60 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $32.72. The firm had revenue of $114.49 million for the quarter, compared to analysts’ expectations 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% 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.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MSTR shares. Cowen reiterated a “buy” rating on shares of Strategy in a research note on Wednesday, August 13th. Benchmark reiterated a “buy” rating on shares of Strategy in a research report on Wednesday, August 13th. TD Cowen lowered their target price on shares of Strategy from $640.00 to $620.00 and set a “buy” rating on the stock in a research note on Tuesday, September 16th. Monness Crespi & Hardt raised their price target on shares of Strategy from $175.00 to $200.00 and gave the stock a “sell” rating in a research note on Tuesday, July 15th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $464.00 price objective on shares of Strategy in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $506.93.

Strategy 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.