Strategy (NASDAQ:MSTR) Trading 3.3% Higher After Analyst Upgrade

Strategy Incorporated (NASDAQ:MSTR)’s stock price shot up 3.3% on Friday after Canaccord Genuity Group raised their price target on the stock from $409.00 to $464.00. Canaccord Genuity Group currently has a buy rating on the stock. Strategy traded as high as $397.40 and last traded at $394.32. 5,913,164 shares changed hands during trading, a decline of 67% from the average session volume of 17,980,225 shares. The stock had previously closed at $381.60.

MSTR has been the topic of several other reports. Benchmark reissued a “buy” rating and issued a $650.00 target price on shares of Strategy in a report on Tuesday, January 14th. Monness Crespi & Hardt downgraded shares of Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price objective for the company. in a research report on Tuesday, April 1st. Mizuho started coverage on Strategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price on the stock. Cantor Fitzgerald boosted their price target on Strategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Barclays reduced their price objective on Strategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Strategy currently has an average rating of “Moderate Buy” and a consensus target price of $510.33.

Insider Transactions at Strategy

In other news, CAO Jeanine Montgomery sold 481 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $329.27, for a total transaction of $158,378.87. Following the completion of the transaction, the chief accounting officer now directly owns 7,805 shares in the company, valued at $2,569,952.35. This trade represents a 5.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Wei-Ming Shao bought 500 shares of Strategy stock in a transaction that occurred on Thursday, March 20th. The stock was bought at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the acquisition, the executive vice president now directly owns 500 shares of the company’s stock, valued at $42,500. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 8,000 shares of company stock worth $680,000 and have sold 37,798 shares worth $12,535,866. Company insiders own 9.16% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Strategy during the 4th quarter worth about $523,981,000. Amundi boosted its position in shares of Strategy by 262.8% during the 4th quarter. Amundi now owns 570,217 shares of the software maker’s stock valued at $165,146,000 after purchasing an additional 413,028 shares in the last quarter. First Trust Advisors LP grew its stake in Strategy by 266.1% during the fourth quarter. First Trust Advisors LP now owns 417,574 shares of the software maker’s stock worth $120,938,000 after purchasing an additional 303,517 shares during the period. Proficio Capital Partners LLC bought a new stake in Strategy in the fourth quarter worth approximately $81,783,000. Finally, Geode Capital Management LLC lifted its stake in Strategy by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock valued at $881,470,000 after buying an additional 281,342 shares during the period. Institutional investors own 59.84% of the company’s stock.

Strategy Price Performance

The stock has a market capitalization of $101.49 billion, a P/E ratio of -70.01 and a beta of 3.79. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The business has a fifty day simple moving average of $304.20 and a 200-day simple moving average of $321.93.

Strategy (NASDAQ:MSTR) last posted its quarterly earnings results on Thursday, May 1st. The software maker reported ($16.49) EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $116.66 million. During the same quarter in the previous year, the business posted ($0.83) earnings per share. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year.

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.