Darden Wealth Group Inc Buys Shares of 600 Strategy Inc $MSTR

Darden Wealth Group Inc purchased a new position in shares of Strategy Inc (NASDAQ:MSTR) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 600 shares of the software maker’s stock, valued at approximately $243,000.

Several other hedge funds have also recently bought and sold shares of the company. TSA Wealth Managment LLC acquired a new position in Strategy during the second quarter worth $246,000. AG2R LA Mondiale Gestion D Actifs raised its stake in shares of Strategy by 7.5% during the 2nd quarter. AG2R LA Mondiale Gestion D Actifs now owns 9,324 shares of the software maker’s stock worth $3,769,000 after buying an additional 648 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Strategy by 8.9% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 83,451 shares of the software maker’s stock worth $33,733,000 after buying an additional 6,836 shares in the last quarter. PKO Investment Management Joint Stock Co acquired a new stake in Strategy in the 2nd quarter valued at about $4,042,000. Finally, Sage Mountain Advisors LLC grew its stake in Strategy by 84.1% in the 2nd quarter. Sage Mountain Advisors LLC now owns 3,207 shares of the software maker’s stock valued at $1,296,000 after acquiring an additional 1,465 shares during the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MSTR shares. Monness Crespi & Hardt lifted their price objective on Strategy from $175.00 to $200.00 and gave the stock a “sell” rating in a research report on Tuesday, July 15th. Citigroup assumed coverage on Strategy in a research report on Tuesday. They set a “buy” rating and a $485.00 price target on the stock. Cowen reaffirmed a “buy” rating on shares of Strategy in a research note on Wednesday, August 13th. Benchmark restated a “buy” rating on shares of Strategy in a research note on Wednesday, August 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Strategy in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Strategy presently has an average rating of “Moderate Buy” and an average price target of $505.47.

Insider Buying and Selling at Strategy

In other news, Director Jarrod M. Patten bought 12,000 shares of Strategy stock in a transaction dated Friday, October 17th. The shares were bought at an average price of $96.88 per share, for a total transaction of $1,162,560.00. Following the purchase, the director owned 29,335 shares of the company’s stock, valued at approximately $2,841,974.80. This trade represents a 69.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Wei-Ming Shao sold 30,000 shares of the business’s stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $357.37, for a total transaction of $10,721,100.00. Following the completion of the transaction, the executive vice president owned 12,726 shares in the company, valued at approximately $4,547,890.62. This trade represents a 70.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 289,254 shares of company stock worth $26,372,670 and have sold 65,000 shares worth $24,099,750. Corporate insiders own 8.46% of the company’s stock.

Strategy Stock Up 1.5%

NASDAQ MSTR opened at $289.08 on Friday. The company has a market capitalization of $81.97 billion, a P/E ratio of 25.45 and a beta of 3.83. Strategy Inc has a 12 month low of $220.82 and a 12 month high of $543.00. 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 simple moving average is $326.41 and its 200 day simple moving average is $363.50.

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