Atlatl Advisers LLC Takes $895,000 Position in Strategy Inc $MSTR

Atlatl Advisers LLC bought a new stake in Strategy Inc (NASDAQ:MSTR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,215 shares of the software maker’s stock, valued at approximately $895,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MSTR. Sumitomo Mitsui Trust Group Inc. raised its stake in Strategy by 27.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 528,850 shares of the software maker’s stock valued at $152,452,000 after acquiring an additional 113,752 shares during the last quarter. Mn Services Vermogensbeheer B.V. purchased a new stake in Strategy during the 2nd quarter valued at approximately $37,391,000. Swedbank AB purchased a new stake in Strategy during the 1st quarter valued at approximately $17,352,000. Robeco Institutional Asset Management B.V. raised its stake in Strategy by 75.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 125,650 shares of the software maker’s stock valued at $50,791,000 after acquiring an additional 54,144 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Strategy during the 1st quarter valued at approximately $13,795,000. 59.84% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Andrew Kang sold 18,750 shares of the company’s stock in a transaction that occurred 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 owned 24,460 shares in the company, valued at $9,661,700. This represents a 43.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Wei-Ming Shao sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $357.37, for a total value of $10,721,100.00. Following the completion of the sale, the executive vice president owned 12,726 shares in the company, valued at approximately $4,547,890.62. This represents a 70.21% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 289,254 shares of company stock worth $26,372,670 and have sold 65,000 shares worth $24,099,750. 8.46% of the stock is currently owned by insiders.

Strategy Stock Performance

MSTR opened at $289.08 on Friday. The stock has a market cap of $81.97 billion, a P/E ratio of 25.45 and a beta of 3.83. 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’s 50 day simple moving average is $326.41 and its 200 day simple moving average is $363.50. Strategy Inc has a 1-year low of $220.82 and a 1-year high of $543.00.

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, topping analysts’ consensus estimates of ($0.12) by $32.72. The business had revenue of $114.49 million for the quarter, compared to analysts’ expectations of $112.68 million. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($5.74) EPS. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Wall Street Analyst Weigh In

Several analysts have commented on the company. BTIG Research upped their price objective on Strategy from $620.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, August 1st. TD Cowen reduced their price objective on Strategy from $640.00 to $620.00 and set a “buy” rating for the company in a research note on Tuesday, September 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Strategy in a research note on Saturday. China Renaissance started coverage on Strategy in a research note on Wednesday, October 15th. They set a “buy” rating and a $473.00 target price for the company. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $54.00 target price (down from $65.00) on shares of Strategy in a research note on Tuesday, September 30th. One 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 assigned a Sell rating to the stock. According to MarketBeat, Strategy has a consensus rating of “Moderate Buy” and an average target price 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.