Hartline Investment Corp Acquires 6,363 Shares of Strategy Inc $MSTR

Hartline Investment Corp raised its holdings in shares of Strategy Inc (NASDAQ:MSTR) by 353.7% during the second quarter, Holdings Channel.com reports. The fund owned 8,162 shares of the software maker’s stock after buying an additional 6,363 shares during the period. Hartline Investment Corp’s holdings in Strategy were worth $3,299,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fiduciary Alliance LLC raised its holdings in Strategy by 28.4% during the second quarter. Fiduciary Alliance LLC now owns 44,918 shares of the software maker’s stock valued at $18,157,000 after acquiring an additional 9,937 shares during the period. Swedbank AB bought a new stake in shares of Strategy in the first quarter worth about $17,352,000. GAMMA Investing LLC increased its holdings in shares of Strategy by 47.7% in the first quarter. GAMMA Investing LLC now owns 830 shares of the software maker’s stock worth $239,000 after purchasing an additional 268 shares during the last quarter. Yousif Capital Management LLC increased its holdings in shares of Strategy by 42.9% in the first quarter. Yousif Capital Management LLC now owns 2,909 shares of the software maker’s stock worth $839,000 after purchasing an additional 873 shares during the last quarter. Finally, Shariaportfolio Inc. increased its holdings in shares of Strategy by 2.9% in the second quarter. Shariaportfolio Inc. now owns 90,138 shares of the software maker’s stock worth $36,436,000 after purchasing an additional 2,541 shares during the last quarter. 59.84% of the stock is owned by institutional investors.

Insider Buying and Selling at Strategy

In other Strategy news, Director Peter L. Briger, Jr. bought 220,000 shares of the company’s stock in a transaction on Tuesday, July 29th. The stock was acquired at an average price of $90.00 per share, for a total transaction of $19,800,000.00. Following the completion of the transaction, the director directly owned 220,000 shares of the company’s stock, valued at approximately $19,800,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andrew Kang sold 18,750 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $395.00, for a total value of $7,406,250.00. Following the transaction, the chief financial officer owned 24,460 shares of the company’s stock, valued at $9,661,700. This trade represents a 43.39% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 265,474 shares of company stock valued at $24,056,259 and have sold 65,000 shares valued at $24,099,750. 8.46% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Benchmark reaffirmed a “buy” rating on shares of Strategy in a report on Wednesday, August 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Strategy in a report on Wednesday, October 8th. Monness Crespi & Hardt lifted their target price on Strategy from $175.00 to $200.00 and gave the stock a “sell” rating in a report on Tuesday, July 15th. Mizuho lifted their target price on Strategy from $563.00 to $586.00 and gave the stock an “outperform” rating in a report on Monday, August 11th. Finally, TD Cowen reduced their target price on Strategy from $640.00 to $620.00 and set a “buy” rating on the stock in a report on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Strategy currently has a consensus rating of “Moderate Buy” and an average target price of $506.93.

Strategy Trading Up 2.1%

MSTR opened at $289.87 on Friday. The firm has a market cap of $82.19 billion, a P/E ratio of 25.52 and a beta of 3.83. Strategy Inc has a 12 month low of $197.10 and a 12 month high of $543.00. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. The stock has a 50-day moving average of $335.82 and a 200 day moving average of $362.23.

Strategy (NASDAQ:MSTR) last released its quarterly earnings results on Thursday, July 31st. The software maker reported $32.60 EPS for the quarter, topping the consensus estimate of ($0.12) by $32.72. The company had revenue of $114.49 million during the quarter, compared to analyst estimates of $112.68 million. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.The firm’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted ($5.74) earnings per share. 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.