Strategy (NASDAQ:MSTR) Stock Price Up 3.9% – Time to Buy?

Strategy Inc (NASDAQ:MSTR)’s share price shot up 3.9% on Wednesday . The company traded as high as $190.44 and last traded at $188.39. 25,836,581 shares were traded during mid-day trading, an increase of 73% from the average session volume of 14,976,608 shares. The stock had previously closed at $181.33.

Wall Street Analysts Forecast Growth

MSTR has been the topic of several recent research reports. Canaccord Genuity Group upped their target price on shares of Strategy from $464.00 to $474.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Wells Fargo & Company reissued an “equal weight” rating and set a $54.00 price objective (down from $65.00) on shares of Strategy in a research note on Tuesday, September 30th. Mizuho upped their price objective on Strategy from $563.00 to $586.00 and gave the company an “outperform” rating in a research report on Monday, August 11th. Cowen reaffirmed a “buy” rating on shares of Strategy in a research note on Friday, October 31st. Finally, BTIG Research cut their target price on Strategy from $700.00 to $630.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $485.80.

Strategy Trading Down 3.8%

The stock has a fifty day moving average of $254.55 and a 200-day moving average of $333.20. The company has a market cap of $51.43 billion, a PE ratio of 8.33 and a beta of 3.40. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.66 and a current ratio of 0.66.

Strategy (NASDAQ:MSTR) last released its earnings results on Thursday, October 30th. The software maker reported $8.42 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $8.52. The business had revenue of $128.69 million during the quarter, compared to the consensus estimate of $116.65 million. Strategy had a return on equity of 20.98% and a net margin of 1,667.09%.The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the company earned ($1.56) earnings per share. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insider Transactions at Strategy

In related news, EVP Wei-Ming Shao sold 30,000 shares of Strategy stock in a transaction dated Tuesday, October 7th. The stock was 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 directly owned 12,726 shares in the company, valued at $4,547,890.62. The trade was a 70.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jarrod M. Patten purchased 12,000 shares of the 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 transaction, 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 disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have bought 37,380 shares of company stock valued at $3,632,719 and have sold 53,177 shares valued at $17,122,166. Corporate insiders own 8.46% of the company’s stock.

Institutional Investors Weigh In On Strategy

A number of hedge funds and other institutional investors have recently bought and sold shares of MSTR. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Strategy during the 3rd quarter valued at $32,000. Quent Capital LLC purchased a new position in Strategy during the 3rd quarter worth $33,000. Binnacle Investments Inc increased its position in Strategy by 492.9% during the 2nd quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock valued at $34,000 after buying an additional 69 shares in the last quarter. MCF Advisors LLC purchased a new stake in Strategy in the second quarter valued at about $35,000. Finally, Maseco LLP purchased a new stake in Strategy in the second quarter valued at about $36,000. Hedge funds and other institutional investors own 59.84% of the company’s stock.

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.