MSTR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $164.55
P/E (TTM) -10.8
EPS (TTM) $-15.23
Revenue (TTM) $477M
ROE (TTM) -12.3%
Debt/Equity 0.2
52W Range $82–$359

MSTR Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04
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Stock splits 3
Ex-date Split Type
Aug. 8, 2024 10-for-1 Forward
July 31, 2002 1-for-10 Reverse
Jan. 27, 2000 2-for-1 Forward

About Strategy Inc - Class A Common Stock Company overview from Wikipedia

05 · wikidata

Strategy Inc., stylized as Strategy₿ and formerly known as MicroStrategy, is an American company that provides business intelligence (BI) and mobile software. Founded in 1989 by Michael J. Saylor, Sanju Bansal, and Thomas Spahr, the firm develops software to analyze internal and external data in order to make business decisions and to develop mobile apps. It is a public company headquartered in Tysons Corner, Virginia, in the Washington metropolitan area. Its primary business analytics competitors include SAP SE Business Objects, IBM Cognos, and Oracle Corporation's BI Platform. Saylor is the executive chairman and, from 1989 to 2022, was the CEO.

Since 2020, the company's securities are widely considered to be a bitcoin proxy due to Strategy's holdings of the cryptocurrency. Saylor has compared it to a bitcoin spot leveraged ETF, though it is not a regulated investment fund.

As of November 17, 2025, Strategy was reported to own over 650,000 bitcoins, worth roughly $59.69 billion, and is the largest corporate holder of the asset. This strategy has primarily been driven by Saylor.

History

Saylor started MicroStrategy in 1989 with a consulting contract from DuPont, which provided Saylor with $250,000 in start-up capital and office space in Wilmington, Delaware. Saylor was soon joined by company co-founder Sanju Bansal, whom he had met while the two were students at Massachusetts Institute of Technology (MIT). The company produced software for data mining and business intelligence using nonlinear mathematics, an idea inspired by a course on systems-dynamics theory that they took at MIT.

In 1992, MicroStrategy gained its first major client when it signed a $10 million contract with McDonald's. It increased revenues by 100% each year between 1990 and 1996. In 1994, the company's offices and its 50 employees moved from Delaware to Tysons Corner, Virginia.

On June 11, 1998, MicroStrategy became a public company via an initial public offering. The company sold 36 million shares of its common stock, each share priced at $6, under the stock ticker "MSTR" on the NASDAQ stock exchange.

In 2000, MicroStrategy founded Alarm.com as part of its research and development unit.

On March 20, 2000, after a review of its accounting practices, MicroStrategy announced that it would restate its financial results for the preceding two years. Its stock price, which had risen from $7 per share to as high as $333 per share in a year, lost $140 (62% of its value) in a day, in what is regarded as the bursting of the dot-com bubble.

Following MicroStrategy Inc.'s March 20, 2000 announcement that it had significantly overstated its 1998 and 1999 revenues, approximately two dozen class action securities fraud actions were filed in the United States District Court for the Eastern District of Virginia against MicroStrategy. In December 2000, the U.S. Securities and Exchange Commission brought charges against the company and its executives. A lawsuit was subsequently filed against MicroStrategy and certain of its officials over fraud. In December 2000, Saylor, Bansal, and the company's former CFO settled with the SEC without admitting wrongdoing, each paying $350,000 in fines. The officers also paid a combined total of $10 million in disgorgement. The company settled with the SEC, hiring an independent director to ensure regulatory compliance.

In February 2009, MicroStrategy sold Alarm.com to venture capital firm ABS Capital Partners for $27.7 million. The company introduced OLAP Services with a shared data set cache to accelerate reports and ad hoc queries. In 2010, the company began developing and deploying business intelligence software for mobile platforms, such as the iPhone and iPad.

In 2011, MicroStrategy expanded its offerings to include a cloud-based service, MicroStrategy Cloud.

In 2013, MicroStrategy sold Angel to Genesys Telecommunications Laboratories for $110 million.

In August 2022, the attorney general for the District of Columbia sued Saylor for tax fraud, accusing him of illegally avoiding more than $25 million in D.C. taxes by pretending to be a resident of other jurisdictions. MicroStrategy was accused of collaborating with Saylor to facilitate his tax evasion by misreporting his residential address to local and federal tax authorities and failing to withhold D.C. taxes. MicroStrategy said the case is "a personal tax matter involving Mr. Saylor" and called the claims against the company "false" and it would "defend aggressively against this overreach." In June 2024, Saylor and MicroStrategy reached a $40 million settlement agreement with the District of Columbia.

Saylor resigned as CEO effective August 8, 2022. Phong Le, who had been president, succeeded him. Saylor remains the executive chairman of MicroStrategy. In a press release announcing the transition, Saylor said that he would focus on the company's bitcoin acquisition strategy and that Phong would manage overall corporate operations.

Bitcoin purchases

In August 2020, MicroStrategy invested $250 million in bitcoin as a treasury reserve asset, citing declining returns from cash, a weakening dollar, and other global macroeconomic factors. The company went on to make several additional large purchases of bitcoin; on September 19, 2022, MicroStrategy and its subsidiaries held approximately 130,000 BTC, acquired at an aggregate purchase price of $3.98 billion at an average purchase price of $30,639 per bitcoin. Executive chairman Saylor has been described as working to "funnel nearly all of Strategy’s available funds" into Bitcoin.

On the company's quarterly earnings call on May 3, 2022, MicroStrategy CFO Phong Le stated that the company would face a margin call if bitcoin's price fell to about $21,000. A margin call would obligate the company to sell some of its bitcoin holdings. Le stated that the company could add more collateral to its loan to avoid such a situation. After bitcoin's price fell to about $20,800 in June 2022, the company said that it had not received a margin call and that it had enough capital to withstand further volatility. On December 22, 2022, MicroStrategy sold 704 BTC, which represented its first time selling any bitcoin, for an amount of around $11.8 million.

On September 25, 2023, MicroStrategy announced that, during the period between August 1, 2023, and September 24, 2023, MicroStrategy and its subsidiaries acquired 5,445 bitcoins for $147.3 million in cash, at an average price of $27,053 per bitcoin, inclusive of fees and expenses.

As of December 8, 2024, MicroStrategy was reported to own 423,650 bitcoins, worth $42.43 billion, and is the largest corporate holder of the asset. Like other cryptocurrency treasury firms, MicroStrategy doesn't give investors on-chain data that would allow public verification of its reserves. MicroStrategy purchased 149,880 bitcoins in the month beginning on November 11, 2024. On the strength of this asset, MicroStrategy was included in the Nasdaq-100 effective December 23, 2024.

A further 4,225 bitcoins were acquired between July 7–13, 2025 for $472.5M at an average price of $111,827 per Bitcoin.

Strategy has launched four credit instruments in the second and third quarter of 2025 worth $4 billion, with more to come. Michael Saylor told Bloomberg that these are high-yield perpetual securities aiming to reduce bitcoin volatility and risk for investors.

In late November 2025 Forbes reported that the shares of Strategy had dropped by 60% compared to the previous year, with its market capitalization down to $49 billion, which was below the value of the $56 billion in bitcoin it was holding at the same time. This was followed by a statement from Strategy CEO Phong Le about a potential sell of bitcoins by Strategy, which market observers saw as a contributing factor in a drop of bitcoin price below $86,000 in early December 2025.

Products

MicroStrategy 2020 is the latest platform release of the company's business intelligence software.

MicroStrategy 2019, the prior platform release, attempted to improve connectivity to data sources and applications and allow for easier mobile application development. it also offered Bluetooth identity detection and voice. The earlier suite of software, MicroStrategy 10, consisted of MicroStrategy Analytics, MicroStrategy Mobile, and Usher. MicroStrategy 10.10, released in December 2017, added MicroStrategy Workstation. It uses business intelligence and predictive analytics to search through and perform analytics on big data from a variety of sources, including data warehouses, Excel files, and Apache Hadoop distributions.

MicroStrategy Mobile, introduced in 2010, incorporates analytics capabilities to apps for iPhone, iPad, Android, and BlackBerry.

Usher is a digital credential and identity intelligence product for organizations to control digital and physical access. It replaces physical badges and passwords with secure digital badges, and generates information on user behavior and resource usage.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

sectorTechnology industryTechnology employees1,539 countryUS

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$477M
2019-12-31 → 2025-12-31
EPS$-15.23
2019-12-31 → 2025-12-31
Free Cash Flow$-75M
2019-12-31 → 2025-12-31
Net margin-806.3%
2019-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend MSTR 5Y avg Peer Median Verdict
P/E (TTM) -10.8 · · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise 6391.3%
Next Report Oct 28, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Jul 29, 2026 $-24.77 $-7.67 -223.0%
March 31, 2026 $-38.25 $-4.39 -770.4%
Dec. 31, 2025 $-42.93 $3.03 -1517.9%
Sept. 30, 2025 $8.42 $8.31 1.3%
June 30, 2025 $32.60 $-0.09 34929.1%
March 31, 2025 $6.54 $-0.11 5928.9%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 16
Metric Trend 202520242023202220212020201920182017201620152014
Revenue $477M$463M$496M$499M$511M$481M$486M$498M$504M$514M$530M$580M
Cost of Revenue $149M$129M$110M$103M$92M$91M$100M$99M$97M$93M$101M$135M
Gross Profit $328M$334M$386M$396M$419M$390M$386M$398M$407M$420M$429M$445M
R&D Expense $94M$118M$121M$127M$117M$104M$109M$102M$79M$73M$65M$103M
SG&A Expense $152M$141M$115M$111M$96M$80M$87M$86M$80M$79M$81M$96M
Operating Expenses $5.77B$2.19B$501M$1.67B$1.20B$403M$387M$394M$334M$311M$295M$440M
Operating Income $-5.44B$-1.85B$-115M$-1.28B$-785M$-14M$-1M$4M$73M$110M$134M$5M
Other Non-op $-17M$4M$-5M$6M$2M$-7M$28M$5M$-7M$3M$4M$6M
Pretax Income $-5.53B$-1.93B$-125M$-1.32B$-811M$-20M$38M$20M$71M$115M$138M$11M
Income Tax $-1.68B$-768M$-554M$147M$-276M$-12M$4M$-2M$53M$23M$32M$6M
Net Income $-3.85B$-1.17B$429M$-1.47B$-535M$-8M$34M$23M$18M$92M$106M$5M
EPS (Basic) $-15.23$-6.06$3.14$-12.98$-53.44$-0.78$3.35$1.98$1.59$8.07$9.33$0.45
EPS (Diluted) $-15.23$-6.06$2.64$-12.98$-53.44$-0.78$3.33$1.97$1.58$8.01$9.18$0.44
Shares (Basic) 277,660,000192,549,000136,706,000113,209,00010,020,0009,684,00010,256,00011,375,00011,444,00011,425,00011,355,00011,301,000
Shares (Diluted) 277,660,000192,549,000165,662,000113,209,00010,020,0009,684,00010,328,00011,412,00011,547,00011,516,00011,539,00011,356,000
EBITDA $-5.42B$-1.84B$-101M$-1.26B$-773M$-293.0K$16M$8M$87M$125M$155M$30M
Balance Sheet 23
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents $2.30B$38M$47M$44M$63M$60M$457M$110M$420M$402M$292M$147M
Short-term Investments ···$0$0$0$109M$466M$255M$187M$193M$199M
Receivables $206M$181M$184M$189M$189M$197M$164M$171M$165M$83M$68M$79M
Prepaid Expense $55M$31M$35M$24M$14M$14M$23M$30M$19M$12M$11M$18M
Current Assets $2.56B$252M$268M$265M$268M$273M$753M$778M$861M$685M$565M$462M
PP&E (Net) $29M$26M$29M$32M$37M$43M$50M$52M$53M$57M$66M$78M
PP&E (Gross) $147M$160M$159M$158M$159M$162M$159M$156M$155M$158M$163M$171M
Accum. Depreciation $118M$133M$130M$125M$123M$119M$109M$104M$101M$100M$97M$93M
Total Assets $61.64B$25.84B$4.76B$2.41B$3.56B$1.47B$917M$856M$933M$768M$657M$559M
Accounts Payable ·······$34M$31M$37M$32M$35M
Current Liabilities $456M$355M$323M$317M$312M$286M$270M$258M$271M$185M$173M$197M
Capital Leases $46M$56M$61M$67M$77M$84M$103M$0····
Deferred Tax $1.93B$407.0K$357.0K$198.0K$109.0K$8M$26.0K$37.0K$4.0K$294.0K$17.0K$4M
Other Non-current Liabilities $5M$5M$22M$17M$26M$33M$30M$61M$50M$16M$20M$23M
Total Liabilities $10.60B$7.61B$2.60B$2.79B$2.58B$913M$408M$326M$327M$216M$202M$234M
Long-term Debt $8.19B$7.19B$2.18B$2.38B$2.16B·······
Total Debt $8.19B$7.19B$2.18B$2.38B$2.16B·······
Paid-in Capital ···········$507M
Retained Earnings $6.32B$-2.17B$-999M$-1.43B$41M$576M$583M$549M$527M$494M$403M$297M
Treasury Stock ·$0$782M$782M$782M$782M$659M$586M$475M$475M$475M$475M
AOCI $-5M$-15M$-11M$-14M$-8M$-4M$-10M$-10M$-6M$-11M$-7M$-4M
Stockholders' Equity $44.12B$18.23B$2.16B$-383M$979M$446M$509M$530M$606M$566M$455M$324M
Liabilities + Equity $61.64B$25.84B$4.76B$2.41B$3.56B$1.47B$917M$856M$933M$768M$657M$559M
Cash Flow 16
Metric Trend 202520242023202220212020201920182017201620152014
D&A $26M$18M$15M$11M$11M$13M$9M$4M$16M$20M$21M$25M
Stock-based Comp $53M$77M$70M$64M$44M$11M$10M$15M$14M$12M$17M$12M
Deferred Tax $-1.68B$-768M$-569M$125M$-279M$-21M$-3M$-8M$-4M$-4M$10M$-1M
Restructuring ·······$0$0$45.0K$279.0K$15M
Other Non-cash $5.39B$1.79B$68M$1.27B$853M$58M$2M$-22M$36M$-4M$-4M$-26M
Operating Cash Flow $-67M$-53M$13M$3M$94M$54M$61M$11M$78M$111M$150M$15M
CapEx $8M$3M$3M$2M$3M$4M$10M$7M$4M$2M$3M$12M
Investing Cash Flow $-22.51B$-22.09B$-1.91B$-279M$-2.63B$-1.02B$354M$-209M$-70M$4M$-8M$-82M
Stock Issued $16.27B$16.36B$2.03B$47M$1.00B$0······
Stock Repurchased ···$0$0$123M$73M$111M$0$0··
Net Stock Activity $16.27B$16.36B$2.03B$47M$0$-123M$-73M$-111M····
Dividends Paid ·····$0$0$0$0$0$0$0
Financing Cash Flow $24.84B$22.13B$1.89B$265M$2.54B$563M$-66M$-109M$2M$-1M$9M$-1M
Net Change in Cash $2.26B$-9M$-2M$-14M$4M$-397M$347M$-310M$18M$110M$145M$-73M
Taxes Paid $13M$1M$30M$22M$7M$7M$6M$13M$29M$24M$13M$6M
Free Cash Flow $-75M$-56M$10M$725.0K$91M$50M$51M$4M$74M$108M$146M$2M
Profitability 8
Metric Trend 202520242023202220212020201920182017201620152014
Gross Margin 68.7%72.1%77.8%79.4%82.0%81.1%79.4%80.0%80.8%81.8%80.9%76.7%
Operating Margin -1140.8%-399.8%-23.2%-255.5%-153.6%-2.8%-0.21%0.80%14.7%21.0%25.3%0.88%
Net Margin -806.3%-251.7%86.5%-294.4%-104.8%-1.6%7.1%4.5%3.5%17.8%20.0%0.87%
Pretax Margin -1157.9%-417.4%-25.1%-264.9%-158.9%-4.2%7.9%4.1%14.4%22.1%26.0%1.9%
EBITDA Margin -1135.5%-396.0%-20.3%-253.4%-151.4%-0.06%3.2%1.5%17.2%24.4%29.3%5.2%
ROA -8.8%-6.8%12.0%-49.3%-21.3%-0.63%3.9%2.5%2.2%12.8%17.4%0.88%
ROE -8.4%-10.6%28.6%503.9%-74.4%-1.6%6.7%3.9%3.0%18.1%27.2%1.6%
ROIC -7.2%-4.4%9.1%-71.0%-16.5%-0.93%-0.18%0.83%3.1%15.7%22.6%0.72%
Liquidity & Solvency 4
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 5.60.70.80.80.91.02.83.04.13.73.32.3
Quick Ratio 5.50.60.70.70.80.92.72.94.03.63.22.1
Debt / Equity 0.20.41.0-6.22.2·······
LT Debt / Equity 0.20.41.0-6.22.2·······
Efficiency 2
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 0.00.00.10.20.20.40.50.60.60.70.91.0
Receivables Turnover 2.52.52.72.62.62.72.93.06.66.87.27.0
Per Share 3
Metric Trend 202520242023202220212020201920182017201620152014
Revenue / Share $1.72$2.41$29.96$44.10$50.97$49.64$47.09$43.61$43.69$44.47$45.92$51.06
Cash Flow / Share $-0.24$-0.28$0.77$0.28$9.36$5.54$5.89$0.93$6.78$9.60$12.97$1.29
EPS (TTM) $-15.23$-6.06$2.64$-12.98$-53.44$-0.78$3.33$1.97$1.58$8.01$9.18$0.44
Growth Rates 3
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 3.0%-6.6%-0.60%-2.2%6.2%·······
Revenue CAGR 3Y -1.5%-3.2%1.1%·········
Revenue CAGR 5Y -0.15%···········
Valuation (TTM) 5
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM $477M$463M$496M$499M$511M$481M$486M$498M$504M$514M$530M$580M
Net Income TTM $-3.85B$-1.17B$429M$-1.47B$-535M$-8M$34M$23M$18M$92M$106M$5M
P/E -10.0-47.823.9-1.1-1.0-49.84.36.58.32.52.036.9
Earnings Yield -10.0%-2.1%4.2%-91.7%-98.2%-2.0%23.4%15.4%12.0%40.6%51.2%2.7%
Annual Payout ·····$0$0$0$0$0$0$0

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312024-12-312024-09-302024-06-302024-03-31
Revenue $477M $463M · · ·
Gross Margin % 68.7% 72.1% · · ·
Operating Margin % -1140.8% -399.8% · · ·
Net Income $-3.85B $-1.17B · · ·
Diluted EPS $-15.23 $-6.06 · · ·

Institutional owners (13F) 1,085 filers · $43.0B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 1,085
Value held $43.0B
New positions 137
Exited positions 172
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
137 (-30 vs prior Q) 172 (+8 vs prior Q) 412 (-64 vs prior Q) 312 (+17 vs prior Q) +27.2M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD GROUP INC $3,656,355,527 24,062,886 8.50% Shares
Capital International Investors $3,034,130,047 34,902,002 7.06% Shares
CLEAR STREET LLC $2,414,049,837 5,971,971 5.61% Shares
Toroso Investments, LLC $2,220,931,590 14,616,200 5.16% Call option
WOLVERINE TRADING, LLC $1,864,249,904 5,711,200 4.33% Call option
BlackRock, Inc. $1,685,945,111 19,394,284 3.92% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $1,425,469,447 16,397,900 3.31% Put option
VANGUARD PORTFOLIO MANAGEMENT LLC $1,334,671,757 15,353,408 3.10% Shares
VANGUARD CAPITAL MANAGEMENT LLC $1,298,612,411 14,938,599 3.02% Shares
CITADEL ADVISORS LLC $1,106,905,769 12,733,300 2.57% Put option
JANE STREET GROUP, LLC $1,079,227,257 12,414,900 2.51% Put option
WOLVERINE TRADING, LLC $1,072,354,984 3,285,200 2.49% Put option
CITADEL ADVISORS LLC $1,066,100,827 12,263,900 2.48% Call option
SUSQUEHANNA INTERNATIONAL GROUP, LLP $1,062,188,977 12,218,900 2.47% Call option
JANE STREET GROUP, LLC $1,041,386,628 11,979,600 2.42% Call option
CTC LLC $1,002,407,216 115,312 2.33% Call option
CTC LLC $814,638,416 93,712 1.89% Put option
Invesco Ltd. $811,985,528 9,340,682 1.89% Shares
MORGAN STANLEY $811,096,588 9,330,454 1.89% Shares
STATE STREET CORP $654,370,878 7,527,561 1.52% Shares
CLEAR STREET LLC $550,561,260 1,362,000 1.28% Put option
GOLDMAN SACHS GROUP INC $505,077,319 5,810,162 1.17% Shares
UBS Group AG $429,730,719 4,943,411 1.00% Shares
GOLDMAN SACHS GROUP INC $411,683,094 4,735,800 0.96% Put option
GEODE CAPITAL MANAGEMENT, LLC $399,295,885 4,606,751 0.93% Shares
Capital World Investors $374,760,224 4,310,934 0.87% Shares
NORGES BANK $345,935,849 3,979,476 0.80% Shares
Harvest Portfolios Group Inc. $271,389,114 3,121,927 0.63% Shares
Capital Research Global Investors $260,251,581 2,993,437 0.61% Shares
JANE STREET GROUP, LLC $232,765,680 2,677,622 0.54% Shares
RENAISSANCE TECHNOLOGIES LLC $221,992,446 2,553,692 0.52% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $219,144,445 2,520,930 0.51% Shares
Point72 Europe (London) LLP $202,992,300 630,000 0.47% Call option
Toroso Investments, LLC $198,461,895 1,306,100 0.46% Put option
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $196,401,505 1,573,730 0.46% Shares
VANGUARD FIDUCIARY TRUST CO $182,061,411 2,094,345 0.42% Shares
WELLS FARGO & COMPANY/MN $173,360,428 1,994,253 0.40% Shares
NORTHERN TRUST CORP $159,216,990 1,831,554 0.37% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $156,110,198 1,795,815 0.36% Shares
Belvedere Trading LLC $144,755,836 1,665,200 0.34% Put option
Toroso Investments, LLC $142,958,663 940,827 0.33% Shares
LMR Partners LLP $142,104,471 1,634,700 0.33% Put option
D. E. Shaw & Co., Inc. $141,061,311 1,622,700 0.33% Call option
Clear Street Group Inc. $135,173,368 1,554,968 0.31% Shares
WELLS FARGO & COMPANY/MN $132,324,846 1,522,200 0.31% Put option
PEAK6 LLC $128,021,811 1,472,700 0.30% Put option
Marex Group Ltd $127,928,709 1,471,629 0.30% Shares
Legal & General Group Plc $123,526,400 1,420,987 0.29% Shares
CAPSTONE INVESTMENT ADVISORS, LLC $119,276,653 1,372,100 0.28% Put option
Belvedere Trading LLC $119,120,179 1,370,300 0.28% Call option

Show all 1,085 institutional owners →

Activists & 5%+ owners 1 position

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Apex Capital, LLC, Sanford J. Colen ×3 filings Nov. 6, 2014 · Initial filing Passive investment SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 27 insiders · 16 officers · 11 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Phong Le President & CEO June 8, 2026 M 126,323 2 15 $-11,807,592
Andrew Kang EVP & CFO June 8, 2026 M 71,044 0 18 $-6,022,437
Douglas King Thede Senior EVP & CFO Sept. 5, 2013 A · 0 0 $0
Paul N Zolfaghari President Sept. 5, 2013 A 166 0 0 $0
Jonathan F Klein President & CLO Sept. 5, 2013 A 0 0 0 $0
BANSAL SANJU K Vice Chairman, EVP and COO Sept. 10, 2010 S 0 0 0 $0
Wei-Ming Shao SEVP & General Counsel Aug. 23, 2024 M 6,460 0 0 $0
Jeanine Montgomery SVP & CAO June 17, 2024 M 567 0 0 $0
SAYLOR MICHAEL J Executive Chairman April 25, 2024 M 0 0 0 $0
Timothy Edwin Lang SEVP & CTO Feb. 9, 2023 M 2,882 0 0 $0
Kevin Adkisson SEVP & CRO Nov. 15, 2022 M 259 0 0 $0
David J Rennyson SEVP, Worldwide Sales Feb. 8, 2018 A · 0 0 $0
Stephen H. Holdridge SEVP, Worldwide Services Nov. 14, 2017 A · 0 0 $0
Marcus H Starke SEVP & Chief Marketing Officer May 4, 2014 A · 0 0 $0
Peng Xiao Senior EVP & CTO Sept. 5, 2013 A · 0 0 $0
Eduardo S Sanchez VP, Worldwide Sales March 1, 2006 M 842 0 0 $0
Brian P Brooks Director May 31, 2026 A 1,092 0 0 $0
Gregg Winiarski Director May 31, 2026 A 1,092 0 0 $0
Jane A Dietze Director May 31, 2026 A 1,092 0 0 $0
Stephen X Graham Director May 31, 2026 A 8,356 0 0 $0
Carl J Rickertsen Director Aug. 13, 2024 M 0 0 0 $0
Leslie J Rechan Director May 31, 2024 A 497 0 0 $0
Robert H Epstein Director May 31, 2017 A 0 0 0 $0
Thomas P Spahr Director Nov. 15, 2011 S 10,500 0 0 $0
Jarrod M Patten · Aug. 7, 2026 M 28,406 0 5 $-761,483
Adam M Mcdonald · Aug. 29, 2008 M 0 0 0 $0
Arthur S Locke III · Dec. 9, 2005 M 0 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 73 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
CEPI · ETF Opportunities Trust 4.80% 56,694 NS July 31, 2026 N-PORT
PFF · iShares Trust 4.77% 6,412,768 SH Sept. 11, 2026 Daily
LFGY · Tidal Trust II 2.98% 29,160 NS July 31, 2026 N-PORT
ULTY · Tidal Trust II 2.73% 217,000 NS July 31, 2026 N-PORT
SATO · Invesco Exchange-Traded Fund Trust … 2.53% 1,340 SH Oct. 5, 2026 Daily
IGV · iShares Trust 1.46% 1,514,110 SH Sept. 11, 2026 Daily
IGPT · Invesco Exchange-Traded Fund Trust 0.85% 77,585 SH Oct. 5, 2026 Daily
QNXT · iShares Trust 0.81% 1,730 SH Sept. 11, 2026 Daily
IMCV · iShares Trust 0.60% 53,883 SH Sept. 11, 2026 Daily
QQQE · Direxion Shares ETF Trust 0.60% 85,439 NS July 31, 2026 N-PORT
VOE · VANGUARD INDEX FUNDS 0.50% 2,125,006 SH Aug. 19, 2026 Daily
VLUE · iShares Trust 0.49% 362,622 SH Sept. 11, 2026 Daily
BLOX · Tidal Trust II 0.43% 13,084 NS July 31, 2026 N-PORT
FOWF · Pacer Funds Trust 0.35% 589 NS July 31, 2026 N-PORT
TECB · iShares Trust 0.33% 12,644 SH Sept. 11, 2026 Daily
VXF · VANGUARD INDEX FUNDS 0.32% 3,796,168 SH Aug. 19, 2026 Daily
IMCB · iShares Trust 0.30% 38,739 SH Sept. 11, 2026 Daily
VO · VANGUARD INDEX FUNDS 0.28% 7,169,034 SH Aug. 19, 2026 Daily
EUSA · iShares, Inc. 0.25% 37,427 SH Sept. 11, 2026 Daily
QQQM · Invesco Exchange-Traded Fund Trust … 0.24% 1,682,083 SH Oct. 5, 2026 Daily
QQQ · Invesco QQQ Trust, Series 1 0.24% 7,610,532 SH Oct. 5, 2026 Daily
IYW · iShares Trust 0.21% 405,170 SH Sept. 11, 2026 Daily
IGM · iShares Trust 0.19% 156,451 SH Sept. 11, 2026 Daily
IWX · iShares Trust 0.16% 47,323 SH Sept. 11, 2026 Daily
SIZE · iShares Trust 0.15% 4,854 SH Sept. 11, 2026 Daily
QRMI · Global X Funds 0.15% 224 NS July 31, 2026 N-PORT
IETC · iShares U.S. ETF Trust 0.14% 7,643 SH Sept. 11, 2026 Daily
PTNQ · Pacer Funds Trust 0.14% 18,314 NS July 31, 2026 N-PORT
QYLG · Global X Funds 0.14% 2,412 NS July 31, 2026 N-PORT
QQWZ · Pacer Funds Trust 0.14% 760 NS July 31, 2026 N-PORT
QTR · Global X Funds 0.14% 114 NS July 31, 2026 N-PORT
QYLD · Global X Funds 0.14% 118,054 NS July 31, 2026 N-PORT
QCLR · Global X Funds 0.14% 48 NS July 31, 2026 N-PORT
USXF · iShares Trust 0.13% 15,409 SH Sept. 11, 2026 Daily
QSIX · Pacer Funds Trust 0.13% 255 NS July 31, 2026 N-PORT
EVUS · iShares Trust 0.12% 3,684 SH Sept. 11, 2026 Daily
ILCV · iShares Trust 0.12% 12,899 SH Sept. 11, 2026 Daily
IWD · iShares Trust 0.11% 728,571 SH Sept. 11, 2026 Daily
VTV · VANGUARD INDEX FUNDS 0.11% 3,138,522 SH Aug. 19, 2026 Daily
VEGN · ETF Series Solutions 0.10% 1,927 NS July 31, 2026 N-PORT
VGT · VANGUARD WORLD FUND 0.10% 1,891,770 SH Aug. 19, 2026 Daily
IQSU · New York Life Investments ETF Trust 0.09% 3,070 NS July 31, 2026 N-PORT
VONV · VANGUARD SCOTTSDALE FUNDS 0.08% 197,463 SH Aug. 19, 2026 Daily
EQAL · Invesco Exchange-Traded Fund Trust … 0.08% 3,933 SH Oct. 5, 2026 Daily
IWL · iShares Trust 0.07% 12,682 SH Sept. 11, 2026 Daily
ILCB · iShares Trust 0.06% 6,411 SH Sept. 11, 2026 Daily
PBUS · Invesco Exchange-Traded Fund Trust … 0.06% 41,853 SH Oct. 5, 2026 Daily
IYY · iShares Trust 0.06% 14,160 SH Sept. 11, 2026 Daily
VFVA · VANGUARD WELLINGTON FUND 0.06% 5,766 SH Aug. 19, 2026 Daily
IWB · iShares Trust 0.06% 225,915 SH Sept. 11, 2026 Daily
GLBL · Pacer Funds Trust 0.06% 7 NS July 31, 2026 N-PORT
ITOT · iShares Trust 0.06% 429,836 SH Sept. 11, 2026 Daily
IWV · iShares Trust 0.06% 89,910 SH Sept. 11, 2026 Daily
FTEC · FIDELITY COVINGTON TRUST 0.06% 118,847 NS July 31, 2026 N-PORT
VV · VANGUARD INDEX FUNDS 0.05% 386,357 SH Aug. 19, 2026 Daily
ESGV · VANGUARD WORLD FUND 0.05% 74,021 SH Aug. 19, 2026 Daily
TOV · EA Series Trust 0.05% 1,293 NS July 31, 2026 N-PORT
BBUS · J.P. Morgan Exchange-Traded Fund Tr… 0.05% 45,604 NS July 31, 2026 N-PORT
VOTE · TCW ETF Trust 0.05% 5,597 NS July 31, 2026 N-PORT
BKLC · BNY Mellon ETF Trust 0.05% 27,828 NS July 31, 2026 N-PORT
CRBN · iShares Trust 0.04% 3,674 SH Sept. 11, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.04% 10,504,713 SH Aug. 19, 2026 Daily
VONE · VANGUARD SCOTTSDALE FUNDS 0.04% 53,955 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.04% 27,559 SH Aug. 19, 2026 Daily
TOK · iShares Trust 0.04% 716 SH Sept. 11, 2026 Daily
URTH · iShares, Inc. 0.04% 23,608 SH Sept. 11, 2026 Daily
TILT · FlexShares Trust 0.04% 8,374 NS July 31, 2026 N-PORT
ACWI · iShares Trust 0.03% 86,009 SH Sept. 11, 2026 Daily
PRFZ · Invesco Exchange-Traded Fund Trust 0.03% 4,911 SH Oct. 5, 2026 Daily
PRF · Invesco Exchange-Traded Fund Trust 0.03% 17,228 SH Oct. 5, 2026 Daily
DYNF · BlackRock ETF Trust 0.02% 78,649 SH Sept. 11, 2026 Daily
PEVC · Pacer Funds Trust 0.02% 6 NS July 31, 2026 N-PORT
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.02% 273,554 SH Aug. 19, 2026 Daily

MSTR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 26 analysts BUY
Median target $215.00 +30.7%
6 23.1% Strong Buy
17 65.4% Buy
3 11.5% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

15 analysts · 2026-10-03

Mean target $236.80 +43.9%

Now Current price $164.55
Low$160.00 Mean$236.80 High$435.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
MSTR · -10.0 3.0% -806.3% -8.4% 68.7%
CDNS $84.96B 77.0 14.1% 20.9% 21.2% ·
SNPS $84.41B 56.4 15.1% 18.9% 7.1% 77.0%
APP $227.96B 69.1 70.0% 60.8% 201.9% ·
ADBE $132.21B 19.2 10.5% 30.0% 61.8% 89.3%
INTU $84.83B 19.2 13.9% 21.3% 24.0% ·
ADSK $53.90B 48.6 17.5% 15.6% 39.0% 91.0%
WDAY $45.51B 67.8 13.1% 7.3% 8.2% ·
ROP $47.45B 31.3 12.3% 19.4% 7.8% 69.2%
ZM · 14.9 4.4% 39.0% 20.3% 77.0%
PLTR $425.03B 282.1 56.2% 36.3% 26.2% 82.4%

Latest News Recent headlines mentioning this company

23

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

25

No open signal right now — no card is filled, and that's honest.

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

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Source: SEC 10-K filed Feb 19, 2026