Grimes & Company Inc. Takes $233,000 Position in Strategy Inc $MSTR

Grimes & Company Inc. bought a new stake in shares of Strategy Inc (NASDAQ:MSTR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 577 shares of the software maker’s stock, valued at approximately $233,000.

Several other hedge funds have also modified their holdings of the stock. SJS Investment Consulting Inc. lifted its holdings in shares of Strategy by 25.8% during 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 during the last quarter. Smith Anglin Financial LLC lifted its holdings in shares of Strategy by 1.2% during the second quarter. Smith Anglin Financial LLC now owns 2,537 shares of the software maker’s stock valued at $1,025,000 after purchasing an additional 30 shares during the last quarter. Magnus Financial Group LLC lifted its holdings in shares of Strategy by 0.9% during the second quarter. Magnus Financial Group LLC now owns 3,660 shares of the software maker’s stock valued at $1,479,000 after purchasing an additional 32 shares during the last quarter. Beacon Capital Management LLC lifted its holdings in shares of Strategy by 0.8% during the second quarter. Beacon Capital Management LLC now owns 5,176 shares of the software maker’s stock valued at $2,092,000 after purchasing an additional 39 shares during the last quarter. Finally, Summit Financial LLC lifted its holdings in shares of Strategy by 5.3% during the first quarter. Summit Financial LLC now owns 815 shares of the software maker’s stock valued at $235,000 after purchasing an additional 41 shares during the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

Strategy Stock Performance

Shares of MSTR stock opened at $328.40 on Wednesday. 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 Inc has a fifty-two week low of $178.00 and a fifty-two week high of $543.00. The stock’s 50-day moving average is $349.15 and its two-hundred day moving average is $363.17. The firm has a market cap of $93.12 billion, a P/E ratio of 28.91 and a beta of 3.83.

Strategy (NASDAQ:MSTR) last issued its earnings results 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. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.The company had revenue of $114.49 million for the quarter, compared to analyst estimates of $112.68 million. During the same period in the prior year, the firm posted ($5.74) EPS. The business’s revenue was up 2.7% compared to the same quarter last year. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MSTR shares. Mizuho upped their target price on Strategy from $563.00 to $586.00 and gave the company an “outperform” rating in a report on Monday, August 11th. TD Cowen dropped their price target on Strategy from $640.00 to $620.00 and set a “buy” rating on the stock in a research report on Tuesday, September 16th. Cowen reissued a “buy” rating on shares of Strategy in a research report on Wednesday, August 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Strategy in a research report on Saturday, September 27th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $464.00 price target on shares of Strategy in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $509.54.

Insider Buying and Selling

In other news, Director Peter L. Briger, Jr. bought 220,000 shares of the company’s stock in a transaction on Tuesday, July 29th. The shares were bought at an average cost of $90.00 per share, with a total value of $19,800,000.00. Following the transaction, the director directly owned 220,000 shares in the company, valued at approximately $19,800,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jeanine Montgomery sold 43,750 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $430.54, for a total value of $18,836,125.00. Following the transaction, the chief accounting officer directly owned 8,606 shares in the company, valued at approximately $3,705,227.24. This represents a 83.56% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 265,474 shares of company stock worth $24,056,259 and sold 119,650 shares worth $49,799,476. 8.46% of the stock is currently owned by company insiders.

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.