Strategy Inc $MSTR Shares Purchased by Rathbones Group PLC

Rathbones Group PLC boosted its holdings in shares of Strategy Inc (NASDAQ:MSTR) by 2.6% in the second quarter, HoldingsChannel reports. The firm owned 15,452 shares of the software maker’s stock after buying an additional 395 shares during the period. Rathbones Group PLC’s holdings in Strategy were worth $6,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Harvest Portfolios Group Inc. grew its position in Strategy by 181.8% during the 2nd quarter. Harvest Portfolios Group Inc. now owns 708,040 shares of the software maker’s stock worth $286,211,000 after purchasing an additional 456,745 shares during the period. Mn Services Vermogensbeheer B.V. acquired a new stake in Strategy during the second quarter worth about $37,391,000. Strs Ohio raised its position in Strategy by 2,345.9% during the second quarter. Strs Ohio now owns 76,801 shares of the software maker’s stock valued at $31,045,000 after acquiring an additional 73,661 shares in the last quarter. Swedbank AB purchased a new position in Strategy during the first quarter valued at approximately $17,352,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in Strategy by 11.3% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 588,538 shares of the software maker’s stock valued at $237,905,000 after acquiring an additional 59,688 shares during the period. 59.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Cantor Fitzgerald dropped their price objective on shares of Strategy from $697.00 to $560.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. China Renaissance started coverage on shares of Strategy in a research report on Wednesday, October 15th. They set a “buy” rating and a $473.00 price target on the stock. Citigroup began coverage on shares of Strategy in a report on Tuesday, October 21st. They issued a “buy” rating and a $485.00 price objective for the company. Monness Crespi & Hardt set a $175.00 target price on shares of Strategy and gave the stock a “sell” rating in a research note on Tuesday, October 28th. Finally, Cowen restated a “buy” rating on shares of Strategy in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $485.80.

Strategy Stock Performance

MSTR opened at $241.93 on Monday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. The company has a market cap of $68.60 billion, a price-to-earnings ratio of 21.30 and a beta of 3.87. Strategy Inc has a 52-week low of $219.68 and a 52-week high of $543.00. The firm’s fifty day simple moving average is $309.93 and its two-hundred day simple moving average is $360.77.

Strategy (NASDAQ:MSTR) last released its earnings results on Thursday, October 30th. The software maker reported $8.42 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $8.53. The business had revenue of $128.69 million during the quarter, compared to analysts’ expectations of $116.76 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 10.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($1.56) earnings per share. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insider Buying and Selling

In other news, EVP Wei-Ming Shao sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 7th. The stock was 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 in the company, valued at $4,547,890.62. This trade represents a 70.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jarrod M. Patten purchased 12,000 shares of the stock in a transaction dated Friday, October 17th. The stock was purchased 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 directly owned 29,335 shares of the company’s stock, valued at approximately $2,841,974.80. The trade was a 69.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 36,399 shares of company stock valued at $3,539,220 in the last three months. 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.