Stevens Capital Management LP Makes New Investment in Strategy Inc $MSTR

Stevens Capital Management LP acquired a new stake in shares of Strategy Inc (NASDAQ:MSTR) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 88,977 shares of the software maker’s stock, valued at approximately $35,967,000. Strategy makes up 9.8% of Stevens Capital Management LP’s investment portfolio, making the stock its largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MCF Advisors LLC purchased a new position in Strategy during the 2nd quarter valued at about $35,000. Maseco LLP bought a new position in shares of Strategy during the second quarter valued at approximately $36,000. 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. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Strategy by 57.3% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 118 shares of the software maker’s stock valued at $48,000 after purchasing an additional 43 shares during the last quarter. Finally, AlphaQuest LLC boosted its position in shares of Strategy by 454.5% in the 2nd quarter. AlphaQuest LLC now owns 122 shares of the software maker’s stock worth $49,000 after purchasing an additional 100 shares in the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Strategy

In other Strategy news, EVP Wei-Ming Shao sold 30,000 shares of the company’s 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 completion of the sale, the executive vice president owned 12,726 shares in the company, valued at $4,547,890.62. This represents a 70.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jarrod M. Patten acquired 12,000 shares of the firm’s stock in a transaction dated Friday, October 17th. The shares were purchased at an average price of $96.88 per share, for a total transaction of $1,162,560.00. Following the completion of the transaction, the director directly owned 29,335 shares in the company, valued at approximately $2,841,974.80. This trade represents a 69.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 36,399 shares of company stock worth $3,539,220 and have sold 53,177 shares worth $17,122,166. 8.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Citigroup initiated coverage on Strategy in a research report on Tuesday, October 21st. They set a “buy” rating and a $485.00 price objective for the company. Mizuho increased their target price on Strategy from $563.00 to $586.00 and gave the stock an “outperform” rating in a research note on Monday, August 11th. Wells Fargo & Company restated an “equal weight” rating and set a $54.00 price target (down from $65.00) on shares of Strategy in a report on Tuesday, September 30th. TD Cowen lowered their price target on Strategy from $620.00 to $535.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Finally, BTIG Research cut their price objective on shares of Strategy from $700.00 to $630.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $485.80.

Strategy Price Performance

Shares of NASDAQ:MSTR opened at $170.50 on Friday. The business has a 50-day simple moving average of $284.48 and a two-hundred day simple moving average of $349.00. Strategy Inc has a fifty-two week low of $166.31 and a fifty-two week high of $457.22. The firm has a market cap of $48.99 billion, a price-to-earnings ratio of 15.01 and a beta of 3.87. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68.

Strategy (NASDAQ:MSTR) last released its quarterly earnings data on Thursday, October 30th. The software maker reported $8.42 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $8.52. Strategy had a net margin of 1,036.61% and a return on equity of 18.83%. The firm had revenue of $128.69 million during the quarter, compared to analysts’ expectations of $116.65 million. During the same period in the previous year, the company earned ($1.56) earnings per share. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

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.