Strategy Inc $MSTR Shares Acquired by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. lifted its holdings in shares of Strategy Inc (NASDAQ:MSTR) by 181.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 708,040 shares of the software maker’s stock after acquiring an additional 456,745 shares during the period. Strategy accounts for approximately 6.7% of Harvest Portfolios Group Inc.’s investment portfolio, making the stock its 2nd biggest holding. Harvest Portfolios Group Inc. owned approximately 0.26% of Strategy worth $286,211,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vestmark Advisory Solutions Inc. purchased a new position in Strategy in the second quarter valued at approximately $380,000. Walkner Condon Financial Advisors LLC lifted its position in shares of Strategy by 13.8% during the 2nd quarter. Walkner Condon Financial Advisors LLC now owns 865 shares of the software maker’s stock worth $350,000 after buying an additional 105 shares during the last quarter. Savant Capital LLC boosted its holdings in shares of Strategy by 29.7% in the 2nd quarter. Savant Capital LLC now owns 2,073 shares of the software maker’s stock valued at $838,000 after buying an additional 475 shares in the last quarter. Tradewinds LLC. purchased a new position in shares of Strategy in the 2nd quarter valued at $556,000. Finally, Achmea Investment Management B.V. raised its stake in Strategy by 1,867.3% during the 2nd quarter. Achmea Investment Management B.V. now owns 17,725 shares of the software maker’s stock worth $7,165,000 after acquiring an additional 16,824 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Insider Buying and Selling at Strategy

In other news, EVP Wei-Ming Shao sold 30,000 shares of Strategy stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $357.37, for a total value of $10,721,100.00. Following the sale, the executive vice president owned 12,726 shares of the company’s stock, valued at $4,547,890.62. The trade was a 70.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jarrod M. Patten purchased 12,000 shares of the company’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 purchase, the director owned 29,335 shares of the company’s stock, valued at approximately $2,841,974.80. This trade represents a 69.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 36,399 shares of company stock worth $3,539,220 over the last three months. 8.46% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MSTR. Cowen reissued a “buy” rating on shares of Strategy in a research report on Friday, October 31st. TD Cowen reduced their target price on Strategy from $620.00 to $535.00 and set a “buy” rating for the company in a report on Friday, October 31st. Citigroup assumed coverage on Strategy in a research report on Tuesday, October 21st. They issued a “buy” rating and a $485.00 target price for the company. Mizuho raised their price target on Strategy from $563.00 to $586.00 and gave the stock an “outperform” rating in a research note on Monday, August 11th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $54.00 price objective (down previously from $65.00) on shares of Strategy in a research note on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $485.80.

Strategy Stock Performance

NASDAQ MSTR opened at $237.20 on Friday. The firm has a market cap of $67.26 billion, a P/E ratio of 20.88 and a beta of 3.87. Strategy Inc has a 52-week low of $231.51 and a 52-week high of $543.00. The business’s 50-day moving average price is $311.78 and its 200 day moving average price is $361.07. 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 posted its quarterly earnings data on Thursday, October 30th. The software maker reported $8.42 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $8.53. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.The company had revenue of $128.69 million during the quarter, compared to analysts’ expectations of $116.76 million. During the same period last year, the firm earned ($1.56) EPS. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. 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.