Chicago Partners Investment Group LLC Increases Stock Holdings in Strategy Inc $MSTR

Chicago Partners Investment Group LLC increased its holdings in Strategy Inc (NASDAQ:MSTR) by 11.5% in the second quarter, Holdings Channel.com reports. The firm owned 11,753 shares of the software maker’s stock after purchasing an additional 1,209 shares during the period. Chicago Partners Investment Group LLC’s holdings in Strategy were worth $4,850,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Pinnacle Wealth Management LLC grew its position in shares of Strategy by 853.2% in the second quarter. Pinnacle Wealth Management LLC now owns 6,663 shares of the software maker’s stock valued at $2,693,000 after purchasing an additional 5,964 shares during the period. International Assets Investment Management LLC grew its position in shares of Strategy by 22.0% in the second quarter. International Assets Investment Management LLC now owns 1,121 shares of the software maker’s stock valued at $453,000 after purchasing an additional 202 shares during the period. SAM Advisors LLC acquired a new position in Strategy in the second quarter valued at $200,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Strategy in the second quarter valued at $9,297,000. Finally, Quotient Wealth Partners LLC acquired a new position in Strategy in the second quarter valued at $298,000. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Insider Buying and Selling at Strategy

In other Strategy news, Director Gregg Winiarski bought 10,000 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were acquired at an average cost of $97.65 per share, with a total value of $976,500.00. Following the completion of the transaction, the director owned 10,000 shares in the company, valued at $976,500. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Wei-Ming Shao sold 30,000 shares of Strategy stock in a transaction dated 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 sale, the executive vice president directly owned 12,726 shares in the company, valued at approximately $4,547,890.62. The trade was a 70.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders bought 265,474 shares of company stock valued at $24,056,259 and sold 65,000 shares valued at $24,099,750. 8.46% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MSTR shares. Cantor Fitzgerald reiterated an “overweight” rating on shares of Strategy in a report on Wednesday, August 13th. Canaccord Genuity Group reiterated a “buy” rating and issued a $464.00 target price on shares of Strategy in a report on Tuesday, August 26th. Cowen reiterated a “buy” rating on shares of Strategy in a report on Wednesday, August 13th. China Renaissance started coverage on Strategy in a report on Wednesday, October 15th. They issued a “buy” rating and a $473.00 target price on the stock. Finally, Monness Crespi & Hardt lifted their target price on Strategy from $175.00 to $200.00 and gave the company a “sell” rating in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $506.93.

Strategy Trading Up 2.1%

Shares of MSTR opened at $289.87 on Monday. The stock’s 50-day moving average is $335.82 and its two-hundred day moving average is $363.14. The stock has a market cap of $82.19 billion, a PE ratio of 25.52 and a beta of 3.83. Strategy Inc has a 12 month low of $197.10 and a 12 month high of $543.00. 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 data on Thursday, July 31st. The software maker reported $32.60 EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $32.72. The company had revenue of $114.49 million for the quarter, compared to analysts’ expectations of $112.68 million. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($5.74) earnings per share. 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.