Strategy Inc $MSTR Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its holdings in shares of Strategy Inc (NASDAQ:MSTR) by 8.9% in the 2nd quarter, Holdings Channel.com reports. The fund owned 83,451 shares of the software maker’s stock after buying an additional 6,836 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Strategy were worth $33,733,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fiduciary Alliance LLC boosted its position in shares of Strategy by 28.4% during the second quarter. Fiduciary Alliance LLC now owns 44,918 shares of the software maker’s stock worth $18,157,000 after buying an additional 9,937 shares during the period. Swedbank AB purchased a new position in shares of Strategy during the first quarter worth $17,352,000. GAMMA Investing LLC boosted its position in shares of Strategy by 47.7% during the first quarter. GAMMA Investing LLC now owns 830 shares of the software maker’s stock worth $239,000 after buying an additional 268 shares during the period. Maryland State Retirement & Pension System boosted its position in shares of Strategy by 12.2% during the second quarter. Maryland State Retirement & Pension System now owns 12,140 shares of the software maker’s stock worth $4,907,000 after buying an additional 1,321 shares during the period. Finally, Shariaportfolio Inc. boosted its position in shares of Strategy by 2.9% during the second quarter. Shariaportfolio Inc. now owns 90,138 shares of the software maker’s stock worth $36,436,000 after buying an additional 2,541 shares during the period. Institutional investors and hedge funds own 59.84% of the company’s stock.

Strategy Stock Up 1.5%

Strategy stock opened at $289.08 on Friday. Strategy Inc has a 1-year low of $220.82 and a 1-year high of $543.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market cap of $81.97 billion, a PE ratio of 25.45 and a beta of 3.83. The stock’s fifty day moving average is $326.41 and its two-hundred day moving average is $362.64.

Strategy (NASDAQ:MSTR) last posted its quarterly earnings results 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 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 analysts’ expectations of $112.68 million. During the same period last year, the firm earned ($5.74) earnings per share. Strategy’s quarterly revenue was up 2.7% on a year-over-year basis. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insider Buying and Selling

In other Strategy news, CFO Andrew Kang sold 18,750 shares of the firm’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $395.00, for a total value of $7,406,250.00. Following the sale, the chief financial officer directly owned 24,460 shares in the company, valued at $9,661,700. This trade represents a 43.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jarrod M. Patten purchased 12,000 shares of the business’s stock in a transaction on Friday, October 17th. The stock was acquired at an average price of $96.88 per share, for a total transaction of $1,162,560.00. Following the completion of the purchase, the director 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 disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 289,254 shares of company stock valued at $26,372,670 and sold 65,000 shares valued at $24,099,750. Corporate insiders own 8.46% of the company’s stock.

Wall Street Analysts Forecast Growth

MSTR has been the subject of several research analyst reports. Canaccord Genuity Group restated a “buy” rating and set a $464.00 price target on shares of Strategy in a research report on Tuesday, August 26th. Cowen restated a “buy” rating on shares of Strategy in a research report on Wednesday, August 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Strategy in a report on Wednesday, October 8th. Citigroup assumed coverage on Strategy in a report on Tuesday. They issued a “buy” rating and a $485.00 target price for the company. Finally, Monness Crespi & Hardt lifted their target price on Strategy from $175.00 to $200.00 and gave the company a “sell” rating in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Strategy 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.