Assenagon Asset Management S.A. Has $2.86 Million Stake in Strategy Inc $MSTR

Assenagon Asset Management S.A. increased its position in shares of Strategy Inc (NASDAQ:MSTR) by 17.2% during the second quarter, HoldingsChannel reports. The fund owned 7,065 shares of the software maker’s stock after buying an additional 1,035 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Strategy were worth $2,856,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MSTR. Fiduciary Alliance LLC increased its stake in shares of Strategy by 28.4% in the second quarter. Fiduciary Alliance LLC now owns 44,918 shares of the software maker’s stock valued at $18,157,000 after buying an additional 9,937 shares during the period. Swedbank AB bought a new stake in Strategy during the 1st quarter worth approximately $17,352,000. GAMMA Investing LLC increased its position in Strategy by 47.7% in the 1st quarter. GAMMA Investing LLC now owns 830 shares of the software maker’s stock valued at $239,000 after acquiring an additional 268 shares during the period. Yousif Capital Management LLC raised its stake in shares of Strategy by 42.9% during the first quarter. Yousif Capital Management LLC now owns 2,909 shares of the software maker’s stock valued at $839,000 after acquiring an additional 873 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of Strategy during the first quarter worth $236,000. 59.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MSTR shares. Benchmark reaffirmed a “buy” rating on shares of Strategy in a research report on Wednesday, August 13th. Mizuho raised their price objective on Strategy from $563.00 to $586.00 and gave the stock an “outperform” rating in a research report on Monday, August 11th. 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. Monness Crespi & Hardt increased their target price on shares of Strategy from $175.00 to $200.00 and gave the company a “sell” rating in a research report on Tuesday, July 15th. Finally, TD Cowen dropped their price target on shares of Strategy from $640.00 to $620.00 and set a “buy” rating on the stock in a research report on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Strategy has a consensus rating of “Moderate Buy” and an average target price of $547.50.

Insiders Place Their Bets

In related news, Director Jane A. Dietze purchased 1,500 shares of the firm’s stock in a transaction on Tuesday, July 29th. The stock was purchased at an average cost of $90.00 per share, with a total value of $135,000.00. Following the completion of the purchase, the director owned 1,500 shares in the company, valued at approximately $135,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gregg Winiarski acquired 10,000 shares of the business’s stock in a transaction dated Friday, August 8th. The shares were bought at an average cost of $97.65 per share, for a total transaction of $976,500.00. Following the transaction, the director directly owned 10,000 shares in the company, valued at approximately $976,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 265,474 shares of company stock valued at $24,056,259 and sold 152,150 shares valued at $62,847,251. Company insiders own 8.46% of the company’s stock.

Strategy Trading Down 7.0%

Shares of MSTR stock opened at $300.70 on Friday. Strategy Inc has a fifty-two week low of $156.38 and a fifty-two week high of $543.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a 50 day simple moving average of $361.54 and a two-hundred day simple moving average of $359.86. The company has a market cap of $85.26 billion, a P/E ratio of 26.47 and a beta of 3.82.

Strategy (NASDAQ:MSTR) last announced its quarterly earnings data on Thursday, July 31st. The software maker reported $32.60 EPS for the quarter, topping the consensus estimate of ($0.12) by $32.72. The company had revenue of $114.49 million during the quarter, compared to the consensus estimate of $112.68 million. Strategy had a net margin of 1,036.61% and a return on equity of 18.83%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted ($5.74) EPS. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Strategy 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.