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

Strategy Inc (NASDAQ:MSTR) 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 cost of $96.88 per share, for a total transaction of $1,162,560.00. Following the completion of the purchase, the director owned 29,335 shares in the company, valued at $2,841,974.80. The trade was a 69.22% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Strategy Price Performance

Shares of NASDAQ MSTR opened at $296.61 on Tuesday. The stock has a market cap of $84.10 billion, a price-to-earnings ratio of 26.11 and a beta of 3.83. Strategy Inc has a 52 week low of $204.91 and a 52 week high of $543.00. The company’s 50-day moving average price is $333.75 and its 200 day moving average price is $363.16. The company has a current ratio of 0.68, a quick 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 EPS for the quarter, beating analysts’ consensus estimates 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 firm’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company earned ($5.74) EPS. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MSTR. Cowen reissued a “buy” rating on shares of Strategy in a research note on Wednesday, August 13th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Strategy in a research note on Wednesday, August 13th. BTIG Research raised their price target on shares of Strategy from $620.00 to $700.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Canaccord Genuity Group reaffirmed a “buy” rating and set a $464.00 price target on shares of Strategy in a research note on Tuesday, August 26th. 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 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Strategy presently has a consensus rating of “Moderate Buy” and a consensus price target of $506.93.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Binnacle Investments Inc lifted its holdings in shares of Strategy by 492.9% during the 2nd quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock worth $34,000 after acquiring an additional 69 shares during the period. MCF Advisors LLC purchased a new position in shares of Strategy during the 2nd quarter worth about $35,000. Maseco LLP purchased a new position in shares of Strategy during the 2nd quarter worth about $36,000. AllSquare Wealth Management LLC lifted its holdings 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 acquiring an additional 50 shares during the period. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of Strategy by 7,750.0% during 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. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

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.