Oarsman Capital Inc. Makes New $202,000 Investment in Strategy Inc $MSTR

Oarsman Capital Inc. purchased a new position in Strategy Inc (NASDAQ:MSTR) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 500 shares of the software maker’s stock, valued at approximately $202,000.

A number of other hedge funds have also recently made changes to their positions in the stock. GWN Securities Inc. bought a new stake in shares of Strategy in the 2nd quarter worth approximately $314,000. Teacher Retirement System of Texas boosted its position in shares of Strategy by 3.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 75,075 shares of the software maker’s stock worth $30,348,000 after purchasing an additional 2,480 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Strategy in the 2nd quarter worth approximately $18,038,000. Delta Investment Management LLC bought a new stake in shares of Strategy in the 2nd quarter worth approximately $2,245,000. Finally, Envestnet Asset Management Inc. boosted its position in shares of Strategy by 4.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 19,936 shares of the software maker’s stock worth $8,059,000 after purchasing an additional 795 shares in the last quarter. 59.84% of the stock is owned by institutional investors.

Insider Transactions at Strategy

In other news, Director Jarrod M. Patten purchased 12,000 shares of the stock in a transaction dated Friday, October 17th. The shares were purchased at an average cost of $96.88 per share, with a total value of $1,162,560.00. Following the acquisition, the director directly owned 29,335 shares of the company’s stock, valued at $2,841,974.80. This represents a 69.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregg Winiarski purchased 10,000 shares of the stock in a transaction dated Friday, August 8th. The shares were purchased at an average cost of $97.65 per share, for a total transaction of $976,500.00. Following the completion of the acquisition, the director directly owned 10,000 shares in the company, valued at approximately $976,500. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders bought 46,399 shares of company stock valued at $4,515,720 and sold 65,000 shares valued at $24,099,750. 8.46% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MSTR has been the topic of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Strategy in a research report on Wednesday, October 8th. Wells Fargo & Company reissued an “equal weight” rating and issued a $54.00 price target (down from $65.00) on shares of Strategy in a research report on Tuesday, September 30th. Monness Crespi & Hardt set a $175.00 price objective on Strategy and gave the company a “sell” rating in a research report on Tuesday. Cowen reaffirmed a “buy” rating on shares of Strategy in a research report on Wednesday, August 13th. Finally, China Renaissance started coverage on Strategy in a research report on Wednesday, October 15th. They issued a “buy” rating and a $473.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $503.80.

Strategy Price Performance

NASDAQ MSTR opened at $275.36 on Thursday. The business’s fifty day moving average price is $322.64 and its 200-day moving average price is $363.87. The stock has a market capitalization of $78.08 billion, a price-to-earnings ratio of 24.24 and a beta of 3.83. 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 Inc has a 1-year low of $220.82 and a 1-year high of $543.00.

Strategy (NASDAQ:MSTR) last released its quarterly earnings results on Thursday, July 31st. The software maker reported $32.60 earnings per share for the quarter, beating the consensus estimate of ($0.12) by $32.72. The firm 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 company’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($5.74) 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.