Salem Investment Counselors Inc. Has $2.12 Million Stock Holdings in Strategy Inc $MSTR

Salem Investment Counselors Inc. boosted its stake in Strategy Inc (NASDAQ:MSTR) by 1,219.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,251 shares of the software maker’s stock after purchasing an additional 4,853 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Strategy were worth $2,123,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Strategy by 25.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 802,464 shares of the software maker’s stock worth $232,410,000 after purchasing an additional 162,757 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in Strategy by 27.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 528,850 shares of the software maker’s stock worth $152,452,000 after purchasing an additional 113,752 shares during the period. Rhumbline Advisers grew its holdings in Strategy by 35.5% in the first quarter. Rhumbline Advisers now owns 268,406 shares of the software maker’s stock worth $77,373,000 after purchasing an additional 70,359 shares during the period. GAMMA Investing LLC grew its holdings in Strategy by 42,473.7% in the first quarter. GAMMA Investing LLC now owns 239,264 shares of the software maker’s stock worth $68,973,000 after purchasing an additional 238,702 shares during the period. Finally, Correct Capital Wealth Management grew its holdings in shares of Strategy by 12.4% during the first quarter. Correct Capital Wealth Management now owns 188,463 shares of the software maker’s stock valued at $54,328,000 after buying an additional 20,790 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Monness Crespi & Hardt lifted their price objective on shares of Strategy from $175.00 to $200.00 and gave the company a “sell” rating in a report on Tuesday, July 15th. Barclays reiterated a “hold” rating on shares of Strategy in a report on Monday, May 19th. BTIG Research lifted their price objective on shares of Strategy from $620.00 to $700.00 and gave the company a “buy” rating in a report on Friday, August 1st. Cantor Fitzgerald reiterated an “overweight” rating on shares of Strategy in a report on Wednesday, August 13th. Finally, Benchmark reiterated a “buy” rating on shares of Strategy in a report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Strategy has a consensus rating of “Moderate Buy” and an average price target of $552.50.

Strategy Stock Up 1.7%

MSTR opened at $331.44 on Friday. 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 company’s 50-day moving average is $379.35 and its 200 day moving average is $356.71. Strategy Inc has a fifty-two week low of $128.51 and a fifty-two week high of $543.00. The firm has a market capitalization of $93.98 billion, a P/E ratio of 29.18 and a beta of 3.82.

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 analysts’ consensus estimates of ($0.12) by $32.72. Strategy had a net margin of 1,036.61% and a return on equity of 18.83%. The company had revenue of $114.49 million for the quarter, compared to analyst estimates of $112.68 million. During the same period last year, the firm earned ($5.74) earnings per share. The firm’s 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 Activity at Strategy

In related news, CAO Jeanine Montgomery sold 43,750 shares of the firm’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $430.54, for a total transaction of $18,836,125.00. Following the transaction, the chief accounting officer directly owned 8,606 shares of the company’s stock, valued at $3,705,227.24. This trade represents a 83.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrew Kang sold 18,750 shares of the firm’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $395.00, for a total transaction of $7,406,250.00. Following the transaction, the chief financial officer directly owned 24,460 shares in the company, valued at $9,661,700. The trade was a 43.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders purchased 252,974 shares of company stock valued at $22,844,759 and sold 142,150 shares valued at $59,289,351. Company insiders own 8.46% of the company’s stock.

Strategy Company 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.