9,295 Shares in Strategy Inc $MSTR Bought by North Dakota State Investment Board

Posted by Brenda Bartman on May 20th, 2026

North Dakota State Investment Board bought a new position in Strategy Inc (NASDAQ:MSTR – Free Report) during the 4th quarter, Holdings Channel reports. The fund bought 9,295 shares of the software maker’s stock, valued at approximately $1,412,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Binnacle Investments Inc grew its position in Strategy by 492.9% in the 2nd quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock worth $34,000 after purchasing an additional 69 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in Strategy in the 3rd quarter worth $32,000. Cheviot Value Management LLC acquired a new stake in Strategy in the 3rd quarter worth $39,000. Bessemer Group Inc. grew its position in Strategy by 356.7% in the 3rd quarter. Bessemer Group Inc. now owns 137 shares of the software maker’s stock worth $44,000 after purchasing an additional 107 shares during the last quarter. Finally, Wealth Watch Advisors INC acquired a new stake in Strategy in the 3rd quarter worth $44,000. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Cantor Fitzgerald restated an “overweight” rating on shares of Strategy in a research report on Monday, May 11th. B. Riley Financial raised their price target on shares of Strategy from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Mizuho set a $320.00 price target on shares of Strategy and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. HC Wainwright restated a “buy” rating on shares of Strategy in a research report on Friday, February 6th. Finally, Benchmark decreased their price target on shares of Strategy from $705.00 to $570.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $322.21.

Read Our Latest Stock Report on MSTR

Insider Buying and Selling at Strategy

In other Strategy news, Director Jarrod M. Patten sold 3,400 shares of the business’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $130.65, for a total value of $444,210.00. Following the transaction, the director directly owned 28,000 shares in the company, valued at $3,658,200. The trade was a 10.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Phong Le sold 3,299 shares of the business’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $138.33, for a total transaction of $456,350.67. Following the completion of the transaction, the chief executive officer owned 22,923 shares in the company, valued at approximately $3,170,938.59. This trade represents a 12.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 30,702 shares of company stock worth $4,707,839 over the last ninety days. Corporate insiders own 6.49% of the company’s stock.

Strategy Price Performance

NASDAQ:MSTR opened at $164.63 on Wednesday. The firm has a market cap of $57.69 billion, a PE ratio of -4.10 and a beta of 3.59. Strategy Inc has a 12 month low of $104.17 and a 12 month high of $457.22. The company has a quick ratio of 6.05, a current ratio of 6.05 and a debt-to-equity ratio of 0.22. The company’s 50-day moving average price is $151.27 and its two-hundred day moving average price is $162.03.

Strategy (NASDAQ:MSTR – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The software maker reported ($38.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.86) by ($37.39). The firm had revenue of $124.30 million during the quarter, compared to analyst estimates of $120.75 million. Strategy had a negative net margin of 2,482.01% and a negative return on equity of 26.97%. Strategy’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm earned ($16.49) earnings per share. On average, equities analysts anticipate that Strategy Inc will post 116.7 EPS for the current fiscal year.

Strategy News Summary

Here are the key news stories impacting Strategy this week:

Positive Sentiment: TD Cowen raised its price target on Strategy to $400 from $395 and reiterated a Buy rating, citing continued Bitcoin accumulation and upside in the company’s treasury strategy. Article Title
Positive Sentiment: Strategy disclosed a massive Bitcoin purchase of 24,869 BTC for about $2.01 billion, lifting holdings to 843,738 BTC and reinforcing its position as the largest public corporate Bitcoin holder. Article Title
Positive Sentiment: Several reports highlighted strong investor interest in the company’s aggressive Bitcoin accumulation and the possibility that the strategy could support future share-price appreciation if Bitcoin rebounds. Article Title
Neutral Sentiment: Jarrod Patten, a Strategy director, sold 1,500 shares, which adds a small insider-overhang headline but is not large enough on its own to change the core thesis. Article Title
Neutral Sentiment: Management said it may repurchase $1.5 billion of convertible notes and could potentially fund that with Bitcoin sales, signaling a more flexible capital structure but also a shift away from the prior “never sell” stance. Article Title
Negative Sentiment: Bitcoin fell sharply and crypto liquidations surged, weighing on Strategy because MSTR behaves like a leveraged proxy for BTC and tends to move with the coin. Article Title
Negative Sentiment: Some investors view the convertible debt buyback and possible Bitcoin sales as adding balance-sheet risk, which is pressuring the stock in the near term. Article Title

Strategy Company Profile

(Free Report)

Strategy, formerly known as MicroStrategy, Incorporated (NASDAQ: MSTR) is a global provider of enterprise analytics and mobility software. The company’s flagship platform offers business intelligence, data discovery, and advanced visualizations that enable organizations to analyze large volumes of data and deliver actionable insights. In addition to traditional on-premises deployments, Strategy provides a range of cloud-based services and managed offerings that allow customers to leverage the power of its analytics tools without managing complex infrastructure.

Founded in 1989 by Michael J.