Summit Investment Advisors Inc. Raises Holdings in Strategy Inc $MSTR

Summit Investment Advisors Inc. lifted its position in Strategy Inc (NASDAQ:MSTR) by 33.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,781 shares of the software maker’s stock after purchasing an additional 1,959 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Strategy were worth $2,243,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MCF Advisors LLC bought a new stake in Strategy in the 2nd quarter worth approximately $35,000. Maseco LLP bought a new position in shares of Strategy during the 2nd quarter valued at approximately $36,000. SJS Investment Consulting Inc. grew its holdings in shares of Strategy by 25.8% in the second quarter. SJS Investment Consulting Inc. now owns 117 shares of the software maker’s stock valued at $47,000 after purchasing an additional 24 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in Strategy by 57.3% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 118 shares of the software maker’s stock worth $48,000 after purchasing an additional 43 shares during the last quarter. Finally, AlphaQuest LLC raised its stake in Strategy by 454.5% during the second quarter. AlphaQuest LLC now owns 122 shares of the software maker’s stock valued at $49,000 after purchasing an additional 100 shares in the last quarter. 59.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Strategy in a research note on Wednesday, October 8th. HC Wainwright reduced their price objective on Strategy from $521.00 to $475.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. China Renaissance initiated coverage on Strategy in a research report on Wednesday, October 15th. They set a “buy” rating and a $473.00 price objective on the stock. Monness Crespi & Hardt set a $175.00 price objective on Strategy and gave the company a “sell” rating in a research note on Tuesday, October 28th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $54.00 target price (down previously from $65.00) on shares of Strategy in a research report on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Strategy has an average rating of “Moderate Buy” and a consensus target price of $485.80.

Insiders Place Their Bets

In other news, EVP Wei-Ming Shao sold 30,000 shares of Strategy stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $357.37, for a total transaction of $10,721,100.00. Following the completion of the sale, the executive vice president directly owned 12,726 shares in the company, valued at approximately $4,547,890.62. This trade represents a 70.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jarrod M. Patten purchased 12,000 shares of the business’s stock in a transaction dated Friday, October 17th. The stock was bought at an average price of $96.88 per share, for a total transaction of $1,162,560.00. Following the completion of the acquisition, the director 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 position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 36,399 shares of company stock worth $3,539,220. Insiders own 8.46% of the company’s stock.

Strategy Stock Up 2.0%

Shares of NASDAQ MSTR opened at $241.93 on Monday. Strategy Inc has a 1 year low of $219.68 and a 1 year high of $543.00. The firm has a 50-day simple moving average of $309.93 and a two-hundred day simple moving average of $360.77. The company has a market cap of $68.60 billion, a P/E ratio of 21.30 and a beta of 3.87. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68.

Strategy (NASDAQ:MSTR) last issued its quarterly earnings results on Thursday, October 30th. The software maker reported $8.42 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $8.53. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.The firm had revenue of $128.69 million for the quarter, compared to the consensus estimate of $116.76 million. During the same period in the prior year, the business posted ($1.56) earnings per share. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

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.