Strategy Incorporated (NASDAQ:MSTR) Receives $508.09 Average PT from Analysts

Strategy Incorporated (NASDAQ:MSTR) has been given an average recommendation of “Moderate Buy” by the eleven research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $508.09.

A number of research analysts recently issued reports on MSTR shares. Mizuho assumed coverage on shares of Strategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective for the company. Cantor Fitzgerald raised their price target on shares of Strategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods initiated coverage on shares of Strategy in a research note on Friday, February 7th. They issued an “outperform” rating and a $560.00 price objective on the stock. Compass Point upgraded Strategy to a “strong-buy” rating in a report on Wednesday, January 29th. Finally, Canaccord Genuity Group cut their target price on Strategy from $510.00 to $409.00 and set a “buy” rating on the stock in a report on Thursday, February 6th.

Insiders Place Their Bets

In related news, CFO Andrew Kang bought 1,500 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were bought at an average price of $85.00 per share, for a total transaction of $127,500.00. Following the transaction, the chief financial officer now directly owns 1,500 shares of the company’s stock, valued at approximately $127,500. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Wei-Ming Shao bought 500 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The shares were bought at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the purchase, the executive vice president now owns 500 shares of the company’s stock, valued at $42,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 8,000 shares of company stock worth $680,000 and sold 22,998 shares worth $7,671,926. Company insiders own 9.16% of the company’s stock.

Institutional Trading of Strategy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System grew its stake in Strategy by 0.3% in the fourth quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker’s stock valued at $2,604,000 after acquiring an additional 30 shares during the period. Family Management Corp grew its position in Strategy by 2.2% in the 4th quarter. Family Management Corp now owns 1,370 shares of the software maker’s stock valued at $397,000 after purchasing an additional 30 shares during the period. GPS Wealth Strategies Group LLC increased its stake in Strategy by 3.2% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock valued at $324,000 after purchasing an additional 35 shares in the last quarter. Oder Investment Management LLC increased its stake in Strategy by 3.1% during the 4th quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker’s stock valued at $367,000 after purchasing an additional 38 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in Strategy by 38.2% during the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after buying an additional 39 shares during the last quarter. 59.84% of the stock is owned by institutional investors.

Strategy Stock Up 10.1 %

Shares of MSTR opened at $299.98 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. Strategy has a one year low of $101.00 and a one year high of $543.00. The company has a market cap of $77.20 billion, a P/E ratio of -53.25 and a beta of 3.46. The firm has a 50 day simple moving average of $295.80 and a two-hundred day simple moving average of $306.65.

Strategy (NASDAQ:MSTR) last announced its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

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.