Robertson Stephens Wealth Management LLC Acquires Shares of 587 Strategy Inc $MSTR

Robertson Stephens Wealth Management LLC purchased a new stake in shares of Strategy Inc (NASDAQ:MSTR) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 587 shares of the software maker’s stock, valued at approximately $237,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of MSTR. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Strategy by 27.4% during 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 period. Mn Services Vermogensbeheer B.V. bought a new stake in shares of Strategy during the second quarter valued at about $37,391,000. Swedbank AB bought a new stake in shares of Strategy during the first quarter valued at about $17,352,000. Robeco Institutional Asset Management B.V. increased its position in shares of Strategy by 75.7% during 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 period. Finally, OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of Strategy during the first quarter valued at about $13,795,000. 59.84% of the stock is currently owned by institutional investors.

Strategy Price Performance

MSTR opened at $304.79 on Monday. The stock has a fifty day simple moving average of $345.00 and a two-hundred day simple moving average of $363.08. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. The company has a market cap of $86.42 billion, a price-to-earnings ratio of 26.83 and a beta of 3.83. Strategy Inc has a 12-month low of $185.81 and a 12-month high of $543.00.

Strategy (NASDAQ:MSTR) last posted its quarterly earnings data on Thursday, July 31st. The software maker reported $32.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($5.74) earnings per share. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Wall Street Analyst Weigh In

MSTR has been the topic of several analyst reports. Mizuho upped their price target on Strategy from $563.00 to $586.00 and gave the company an “outperform” rating in a research report on Monday, August 11th. Cowen restated a “buy” rating on shares of Strategy in a research report on Wednesday, August 13th. Wells Fargo & Company restated an “equal weight” rating and issued a $54.00 price objective (down from $65.00) on shares of Strategy in a research report on Tuesday, September 30th. Benchmark reiterated a “buy” rating on shares of Strategy in a research report on Wednesday, August 13th. Finally, TD Cowen dropped 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. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Strategy currently has a consensus rating of “Moderate Buy” and a consensus target price of $509.54.

Insider Activity

In related news, Director Jarrod M. Patten purchased 5,555 shares of the stock in a transaction dated Tuesday, July 29th. The stock was purchased at an average price of $90.00 per share, with a total value of $499,950.00. Following the transaction, the director directly owned 5,555 shares in the company, valued at $499,950. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter L. Briger, Jr. purchased 220,000 shares of the stock in a transaction dated Tuesday, July 29th. The stock was bought at an average cost of $90.00 per share, with a total value of $19,800,000.00. Following the transaction, the director owned 220,000 shares in the company, valued at $19,800,000. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 265,474 shares of company stock valued at $24,056,259 and sold 65,000 shares valued at $24,099,750. Insiders own 8.46% of the company’s stock.

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.