Strategy (NASDAQ:MSTR) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Strategy (NASDAQ:MSTR) had its target price boosted by Canaccord Genuity Group from $409.00 to $464.00 in a report issued on Friday,Benzinga reports. They currently have a buy rating on the software maker’s stock.

A number of other equities analysts have also issued reports on the company. Cantor Fitzgerald upped their target price on Strategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Monness Crespi & Hardt cut shares of Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price target on the stock. in a report on Tuesday, April 1st. Benchmark reissued a “buy” rating and set a $650.00 price objective on shares of Strategy in a report on Tuesday, January 14th. Maxim Group upped their target price on shares of Strategy from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, HC Wainwright started coverage on Strategy in a report on Tuesday, April 29th. They issued a “buy” rating and a $480.00 price target for the company. One analyst has rated the stock with a sell rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $510.33.

Strategy Stock Up 3.3 %

Shares of NASDAQ:MSTR opened at $394.37 on Friday. The company has a 50 day moving average of $304.20 and a two-hundred day moving average of $323.72. Strategy has a 52-week low of $102.40 and a 52-week high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $101.49 billion, a price-to-earnings ratio of -70.01 and a beta of 3.79.

Strategy (NASDAQ:MSTR) last released its quarterly earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($16.47). The firm had revenue of $111.07 million for the quarter, compared to analysts’ expectations of $116.66 million. Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the firm earned ($0.83) EPS.

Insider Buying and Selling

In other news, EVP Wei-Ming Shao bought 500 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were bought at an average cost of $85.00 per share, with a total value of $42,500.00. Following the transaction, the executive vice president now directly owns 500 shares in the company, valued at approximately $42,500. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrew Kang purchased 1,500 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was purchased at an average cost of $85.00 per share, with a total value of $127,500.00. Following the purchase, the chief financial officer now owns 1,500 shares in the company, valued at $127,500. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 8,000 shares of company stock worth $680,000 and sold 37,798 shares worth $12,535,866. 9.16% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Strategy

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

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.