Avidian Wealth Enterprises LLC Raises Holdings in Strategy Inc $MSTR

Avidian Wealth Enterprises LLC lifted its holdings in shares of Strategy Inc (NASDAQ:MSTR) by 23.5% during the second quarter, Holdings Channel.com reports. The fund owned 1,195 shares of the software maker’s stock after acquiring an additional 227 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Strategy were worth $483,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. boosted its position 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 valued at $152,452,000 after buying an additional 113,752 shares during the last quarter. Correct Capital Wealth Management boosted its position in Strategy by 12.4% in 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. Robeco Institutional Asset Management B.V. boosted its position in Strategy by 75.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 125,650 shares of the software maker’s stock valued at $50,791,000 after buying an additional 54,144 shares during the last quarter. TD Asset Management Inc boosted its position in Strategy by 22.1% in the second quarter. TD Asset Management Inc now owns 107,991 shares of the software maker’s stock valued at $43,653,000 after buying an additional 19,565 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in Strategy by 26.7% in the second quarter. Public Employees Retirement System of Ohio now owns 101,880 shares of the software maker’s stock valued at $41,183,000 after buying an additional 21,499 shares during 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 Strategy news, Director Jarrod M. Patten bought 12,000 shares of Strategy stock in a transaction dated Friday, October 17th. The stock was acquired at an average cost of $96.88 per share, with a total value of $1,162,560.00. Following the purchase, the director directly owned 29,335 shares in the company, valued at $2,841,974.80. This represents a 69.22% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gregg Winiarski bought 10,000 shares of Strategy stock in a transaction dated Friday, August 8th. The shares were acquired at an average cost of $97.65 per share, with a total value of $976,500.00. Following the completion of the purchase, the director owned 10,000 shares in the company, valued at approximately $976,500. This trade represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 289,254 shares of company stock worth $26,372,670 and sold 65,000 shares worth $24,099,750. Corporate insiders own 8.46% of the company’s stock.

Strategy Trading Down 7.0%

Shares of MSTR stock opened at $280.81 on Thursday. 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 has a market cap of $79.62 billion, a price-to-earnings ratio of 24.72 and a beta of 3.83. The stock has a 50 day simple moving average of $329.72 and a 200-day simple moving average of $362.17. Strategy Inc has a 1-year low of $204.91 and a 1-year high of $543.00.

Strategy (NASDAQ:MSTR) last announced its earnings results on Thursday, July 31st. The software maker reported $32.60 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $32.72. The business had revenue of $114.49 million during the quarter, compared to the consensus estimate of $112.68 million. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted ($5.74) EPS. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Benchmark reiterated a “buy” rating on shares of Strategy in a research report on Wednesday, August 13th. Monness Crespi & Hardt upped their target price on Strategy from $175.00 to $200.00 and gave the company a “sell” rating in a research report on Tuesday, July 15th. Citigroup assumed coverage on Strategy in a research report on Tuesday. They issued a “buy” rating and a $485.00 target price on the stock. BTIG Research upped their target price on Strategy from $620.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $464.00 price objective on shares of Strategy in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average 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.