ProShare Advisors LLC Raises Stake in Strategy Inc $MSTR

ProShare Advisors LLC increased its holdings in Strategy Inc (NASDAQ:MSTR) by 11.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 346,462 shares of the software maker’s stock after buying an additional 35,699 shares during the quarter. ProShare Advisors LLC owned about 0.13% of Strategy worth $140,050,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. MCF Advisors LLC acquired a new stake in shares of Strategy in the second quarter worth $35,000. Maseco LLP acquired a new stake in Strategy during the 2nd quarter worth about $36,000. SJS Investment Consulting Inc. raised its stake in shares of Strategy by 25.8% during the 2nd quarter. SJS Investment Consulting Inc. now owns 117 shares of the software maker’s stock valued at $47,000 after buying an additional 24 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Strategy by 57.3% in 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 buying an additional 43 shares during the period. Finally, AlphaQuest LLC boosted its stake in shares of Strategy by 454.5% in the second quarter. AlphaQuest LLC now owns 122 shares of the software maker’s stock worth $49,000 after buying an additional 100 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Strategy Price Performance

NASDAQ:MSTR opened at $241.93 on Monday. The stock has a 50 day moving average of $309.93 and a two-hundred day moving average of $360.77. Strategy Inc has a 12 month low of $219.68 and a 12 month high of $543.00. The firm has a market cap of $68.60 billion, a P/E ratio of 21.30 and a beta of 3.87. 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 (NASDAQ:MSTR) last issued its quarterly earnings results on Thursday, October 30th. The software maker reported $8.42 EPS for the quarter, topping the consensus estimate of ($0.11) by $8.53. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.The firm had revenue of $128.69 million during the quarter, compared to analysts’ expectations of $116.76 million. During the same period in the previous year, the business earned ($1.56) earnings per share. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insider Buying and Selling

In related news, Director Jarrod M. Patten bought 12,000 shares of the stock in a transaction dated Friday, October 17th. The shares were acquired at an average cost of $96.88 per share, for a total transaction of $1,162,560.00. Following the acquisition, the director directly owned 29,335 shares in the company, valued at approximately $2,841,974.80. This trade represents a 69.22% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 shares were 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 of the company’s stock, valued at $4,547,890.62. This trade represents a 70.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders acquired a total of 36,399 shares of company stock worth $3,539,220 over the last three months. Corporate insiders own 8.46% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on MSTR shares. China Renaissance initiated coverage on Strategy in a research report on Wednesday, October 15th. They set a “buy” rating and a $473.00 price target for the company. BTIG Research cut their target price on shares of Strategy from $700.00 to $630.00 and set a “buy” rating for the company in a report on Friday, October 31st. Canaccord Genuity Group boosted their target price on shares of Strategy from $464.00 to $474.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Strategy in a report on Wednesday, October 8th. Finally, Cantor Fitzgerald lowered their target price on shares of Strategy from $697.00 to $560.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $485.80.

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.