DNB Asset Management AS Grows Position in Strategy Inc $MSTR

DNB Asset Management AS grew its stake in Strategy Inc (NASDAQ:MSTR) by 16.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,174 shares of the software maker’s stock after buying an additional 6,483 shares during the quarter. DNB Asset Management AS’s holdings in Strategy were worth $18,665,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. MCF Advisors LLC purchased a new stake in Strategy in the 2nd quarter worth approximately $35,000. Maseco LLP bought a new position in shares of Strategy in the second quarter worth approximately $36,000. SJS Investment Consulting Inc. increased its stake in shares of Strategy by 25.8% in the second quarter. SJS Investment Consulting Inc. now owns 117 shares of the software maker’s stock worth $47,000 after purchasing an additional 24 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Strategy by 57.3% during the 2nd 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 period. Finally, AlphaQuest LLC lifted its stake in shares of Strategy by 454.5% during the 2nd quarter. AlphaQuest LLC now owns 122 shares of the software maker’s stock valued at $49,000 after buying an additional 100 shares in the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MSTR shares. Canaccord Genuity Group increased their price target on Strategy from $464.00 to $474.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Benchmark reiterated a “buy” rating on shares of Strategy in a research report on Friday, October 31st. HC Wainwright decreased their target price on Strategy from $521.00 to $475.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Strategy in a research note on Wednesday, October 8th. Finally, Monness Crespi & Hardt raised shares of Strategy from a “sell” rating to a “neutral” rating in a report on Monday, November 10th. One equities 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. According to MarketBeat, Strategy has a consensus rating of “Moderate Buy” and an average target price of $485.80.

Insiders Place Their Bets

In other Strategy news, Director Jarrod M. Patten acquired 12,000 shares of the 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 transaction, the director directly owned 29,335 shares of the company’s stock, valued at $2,841,974.80. This trade represents a 69.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Wei-Ming Shao sold 2,600 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $202.02, for a total transaction of $525,252.00. Following the completion of the sale, the executive vice president owned 32,726 shares in the company, valued at approximately $6,611,306.52. This trade represents a 7.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have purchased 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.

Strategy Price Performance

Shares of Strategy stock opened at $170.50 on Friday. The firm has a market cap of $48.99 billion, a PE ratio of 15.01 and a beta of 3.87. The stock has a 50 day moving average of $284.48 and a 200 day moving average of $349.00. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. Strategy Inc has a 12 month low of $166.31 and a 12 month high of $457.22.

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