Insider Buying: Strategy (NASDAQ:MSTR) Director Acquires $1,153,851.00 in Stock

Strategy Inc (NASDAQ:MSTR) Director Jarrod Patten acquired 11,780 shares of the company’s stock in a transaction dated Thursday, October 16th. The stock was acquired at an average price of $97.95 per share, for a total transaction of $1,153,851.00. Following the completion of the purchase, the director directly owned 17,335 shares of the company’s stock, valued at $1,697,963.25. This trade represents a 212.06% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Strategy Price Performance

Shares of NASDAQ:MSTR opened at $280.81 on Thursday. The company has a market cap of $79.62 billion, a price-to-earnings ratio of 24.72 and a beta of 3.83. The business has a 50 day moving average price of $329.72 and a 200 day moving average price of $362.17. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. Strategy Inc has a twelve month low of $204.91 and a twelve month high of $543.00.

Strategy (NASDAQ:MSTR) last issued its quarterly earnings results on Thursday, July 31st. The software maker reported $32.60 EPS 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 the consensus estimate of $112.68 million. During the same period in the previous year, the business posted ($5.74) EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Institutional Investors Weigh In On Strategy

Several large investors have recently modified their holdings of the stock. State Street Corp raised its holdings in shares of Strategy by 9.9% in the 2nd quarter. State Street Corp now owns 5,484,569 shares of the software maker’s stock worth $2,217,027,000 after buying an additional 495,278 shares in the last quarter. Norges Bank bought a new stake in Strategy in the second quarter valued at $1,203,062,000. Amundi raised its stake in Strategy by 378.9% during the second quarter. Amundi now owns 1,783,982 shares of the software maker’s stock worth $717,660,000 after acquiring an additional 1,411,500 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Strategy by 14.0% during the second quarter. Invesco Ltd. now owns 1,398,098 shares of the software maker’s stock valued at $565,153,000 after acquiring an additional 171,940 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of Strategy by 19.1% in the 2nd quarter. Legal & General Group Plc now owns 1,168,437 shares of the software maker’s stock valued at $472,317,000 after purchasing an additional 187,291 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Cowen reissued a “buy” rating on shares of Strategy in a report on Wednesday, August 13th. China Renaissance initiated coverage on Strategy in a research report on Wednesday, October 15th. They set a “buy” rating and a $473.00 target price on the stock. Citigroup began coverage on Strategy in a research note on Tuesday. They set a “buy” rating and a $485.00 price target on the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a $464.00 price objective on shares of Strategy in a research report on Tuesday, August 26th. Finally, BTIG Research boosted their price objective on Strategy from $620.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $505.47.

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.