Barclays Forecasts Strong Price Appreciation for Strategy (NASDAQ:MSTR) Stock

Strategy (NASDAQ:MSTR) had its price objective upped by research analysts at Barclays from $421.00 to $475.00 in a research note issued on Monday, MarketBeat reports. The brokerage presently has an “overweight” rating on the software maker’s stock. Barclays‘s price target would suggest a potential upside of 23.10% from the company’s current price.

A number of other research analysts have also recently commented on the company. Mizuho initiated coverage on Strategy in a research report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target on the stock. HC Wainwright assumed coverage on Strategy in a report on Tuesday, April 29th. They set a “buy” rating and a $480.00 price objective on the stock. Canaccord Genuity Group upped their target price on Strategy from $409.00 to $464.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Compass Point upgraded shares of Strategy to a “strong-buy” rating in a report on Wednesday, January 29th. Finally, Maxim Group upped their target price on Strategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $514.42.

Strategy Trading Down 0.2 %

MSTR opened at $385.86 on Monday. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $99.30 billion, a P/E ratio of -68.50 and a beta of 3.79. The firm’s fifty day simple moving average is $309.58 and its 200 day simple moving average is $325.34. Strategy has a 12 month low of $102.40 and a 12 month high of $543.00.

Strategy (NASDAQ:MSTR) last released its 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). Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. The company had revenue of $111.07 million for the quarter, compared to the consensus estimate of $116.66 million. During the same quarter in the previous year, the company posted ($0.83) EPS. The business’s revenue was down 3.6% on a year-over-year basis.

Insider Activity

In other Strategy news, CFO Andrew Kang purchased 1,500 shares of the firm’s stock in a transaction on Thursday, March 20th. The shares were purchased at an average cost of $85.00 per share, with a total value of $127,500.00. Following the completion of the purchase, the chief financial officer now owns 1,500 shares of the company’s stock, valued at $127,500. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jarrod M. Patten sold 3,100 shares of Strategy stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $365.33, for a total value of $1,132,523.00. Following the completion of the transaction, the director now directly owns 4,970 shares in the company, valued at $1,815,690.10. This trade represents a 38.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders acquired 8,000 shares of company stock valued at $680,000 and sold 37,798 shares valued at $12,535,866. 9.16% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new stake in Strategy during the 4th quarter valued at $523,981,000. Amundi boosted its position in Strategy by 262.8% in the fourth quarter. Amundi now owns 570,217 shares of the software maker’s stock worth $165,146,000 after purchasing an additional 413,028 shares during the last quarter. First Trust Advisors LP increased its holdings in Strategy by 266.1% during the fourth quarter. First Trust Advisors LP now owns 417,574 shares of the software maker’s stock valued at $120,938,000 after buying an additional 303,517 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Strategy in the 4th quarter worth $81,783,000. Finally, Geode Capital Management LLC raised its stake in shares of Strategy by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock worth $881,470,000 after buying an additional 281,342 shares during the period. Hedge funds and other institutional investors own 59.84% of the company’s stock.

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.