Analysts Set Strategy Inc (NASDAQ:MSTR) Target Price at $321.86

Strategy Inc (NASDAQ:MSTR) has received an average rating of “Moderate Buy” from the sixteen brokerages that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $321.8571.

MSTR has been the subject of a number of analyst reports. Texas Capital upgraded shares of Strategy to a “strong-buy” rating in a research report on Thursday, March 19th. Mizuho set a $320.00 price target on shares of Strategy and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Zacks Research downgraded shares of Strategy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Strategy in a research report on Monday, May 11th. Finally, Canaccord Genuity Group set a $224.00 price target on shares of Strategy and gave the company a “buy” rating in a research report on Thursday, May 7th.

Insider Buying and Selling at Strategy

In other news, Director Jarrod M. Patten sold 1,500 shares of Strategy stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $190.85, for a total value of $286,275.00. Following the completion of the sale, the director directly owned 28,000 shares in the company, valued at approximately $5,343,800. The trade was a 5.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 30,702 shares of company stock valued at $4,707,839 in the last three months. 6.49% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Strategy

A number of hedge funds and other institutional investors have recently made changes to their positions in MSTR. Capital International Investors raised its position in Strategy by 37.3% during the fourth quarter. Capital International Investors now owns 20,614,868 shares of the software maker’s stock valued at $3,132,460,000 after purchasing an additional 5,600,573 shares in the last quarter. Vanguard Group Inc. raised its position in Strategy by 21.0% during the fourth quarter. Vanguard Group Inc. now owns 24,062,886 shares of the software maker’s stock valued at $3,656,356,000 after purchasing an additional 4,178,611 shares in the last quarter. Amundi raised its position in Strategy by 373.7% during the fourth quarter. Amundi now owns 4,790,702 shares of the software maker’s stock valued at $727,947,000 after purchasing an additional 3,779,340 shares in the last quarter. Norges Bank acquired a new position in Strategy during the fourth quarter valued at approximately $536,140,000. Finally, Capital Research Global Investors raised its position in Strategy by 66.7% during the fourth quarter. Capital Research Global Investors now owns 7,008,535 shares of the software maker’s stock valued at $1,064,963,000 after purchasing an additional 2,803,277 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Strategy Trading Down 6.1%

Shares of MSTR stock opened at $166.63 on Friday. The firm has a 50 day moving average price of $150.65 and a two-hundred day moving average price of $162.81. The company has a quick ratio of 6.05, a current ratio of 6.05 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $58.40 billion, a PE ratio of -4.15 and a beta of 3.59. Strategy has a 12-month low of $104.17 and a 12-month high of $457.22.

Strategy (NASDAQ:MSTR) last released its quarterly earnings results on Tuesday, May 5th. The software maker reported ($38.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.86) by ($37.39). Strategy had a negative net margin of 2,482.01% and a negative return on equity of 26.97%. The business had revenue of $124.30 million during the quarter, compared to analyst estimates of $120.75 million. During the same quarter in the previous year, the firm posted ($16.49) earnings per share. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. As a group, analysts predict that Strategy will post 116.7 earnings per share for the current year.

Trending Headlines about Strategy

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Strategy continued expanding its Bitcoin position, buying 24,869 BTC for about $2.01 billion and bringing total holdings to 843,738 BTC, which keeps the company at the center of the corporate Bitcoin trade. Article Title
• Positive Sentiment: Shares may also be getting support from ongoing investor interest and analyst optimism tied to the company’s aggressive Bitcoin accumulation and balance-sheet strategy. Article Title
• Neutral Sentiment: Strategy is funding much of the Bitcoin buying through its STRC preferred stock, which appears to have strong trading demand, but also adds complexity to the capital structure. Article Title
• Neutral Sentiment: Michael Saylor has also floated the idea that Strategy could eventually sell some Bitcoin to meet dividend or debt obligations, a notable shift from the company’s earlier “never sell” stance. Article Title
• Negative Sentiment: Bitcoin itself weakened sharply and crypto liquidations rose, which weighs on Strategy because the stock trades as a leveraged proxy for BTC and is highly sensitive to swings in the coin’s price. Article Title
• Negative Sentiment: Some coverage framed the latest Bitcoin buying as adding balance-sheet risk, since the company is increasingly willing to use holdings to support dividend and debt payments. Article Title

Strategy Company Profile

Strategy, formerly known as MicroStrategy, Incorporated (NASDAQ: MSTR) is a global provider of enterprise analytics and mobility software. The company’s flagship platform offers business intelligence, data discovery, and advanced visualizations that enable organizations to analyze large volumes of data and deliver actionable insights. In addition to traditional on-premises deployments, Strategy provides a range of cloud-based services and managed offerings that allow customers to leverage the power of its analytics tools without managing complex infrastructure.

Founded in 1989 by Michael J.