Norden Group LLC Purchases 532 Shares of Strategy Inc $MSTR

Norden Group LLC raised its position in Strategy Inc (NASDAQ:MSTR) by 73.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,252 shares of the software maker’s stock after buying an additional 532 shares during the period. Norden Group LLC’s holdings in Strategy were worth $506,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Strategy by 27.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 528,850 shares of the software maker’s stock valued at $152,452,000 after acquiring an additional 113,752 shares in the last quarter. Rhumbline Advisers boosted its position in Strategy by 35.5% in the first quarter. Rhumbline Advisers now owns 268,406 shares of the software maker’s stock worth $77,373,000 after purchasing an additional 70,359 shares during the last quarter. GAMMA Investing LLC grew its stake in Strategy by 42,473.7% in the 1st quarter. GAMMA Investing LLC now owns 239,264 shares of the software maker’s stock valued at $68,973,000 after purchasing an additional 238,702 shares during the period. Correct Capital Wealth Management increased its position in shares of Strategy by 12.4% during the 1st quarter. Correct Capital Wealth Management now owns 188,463 shares of the software maker’s stock valued at $54,328,000 after purchasing an additional 20,790 shares during the last quarter. Finally, Siemens Fonds Invest GmbH raised its stake in shares of Strategy by 6,992.7% during the 4th quarter. Siemens Fonds Invest GmbH now owns 119,654 shares of the software maker’s stock worth $33,000 after purchasing an additional 117,967 shares during the period. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on MSTR. BTIG Research increased their price target on shares of Strategy from $620.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, August 1st. 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. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Strategy in a report on Wednesday, August 13th. Benchmark reiterated a “buy” rating on shares of Strategy in a research note on Wednesday, August 13th. Finally, TD Cowen reduced their price objective on Strategy from $640.00 to $620.00 and set a “buy” rating for the company in a report on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Strategy currently has an average rating of “Moderate Buy” and an average target price of $547.50.

Insider Buying and Selling

In related news, Director Peter L. Briger, Jr. acquired 220,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 29th. The shares were bought at an average cost of $90.00 per share, for a total transaction of $19,800,000.00. Following the purchase, the director owned 220,000 shares in the company, valued at $19,800,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jeanine Montgomery sold 43,750 shares of the stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $430.54, for a total value of $18,836,125.00. Following the sale, the chief accounting officer directly owned 8,606 shares in the company, valued at $3,705,227.24. This trade represents a 83.56% decrease in their position. 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 152,150 shares valued at $62,847,251. 8.46% of the stock is owned by company insiders.

Strategy Stock Performance

NASDAQ MSTR opened at $300.70 on Friday. The company’s 50 day moving average is $361.54 and its 200-day moving average is $359.86. The firm has a market cap of $85.26 billion, a P/E ratio of 26.47 and a beta of 3.82. Strategy Inc has a 12-month low of $156.38 and a 12-month high of $543.00. 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 (NASDAQ:MSTR) last released its quarterly earnings data on Thursday, July 31st. The software maker reported $32.60 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $32.72. Strategy had a net margin of 1,036.61% and a return on equity of 18.83%. The business had revenue of $114.49 million during the quarter, compared to analyst estimates of $112.68 million. During the same period in the previous year, the business earned ($5.74) EPS. Strategy’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.

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.