Strategy’s (MSTR) “Equal Weight” Rating Reaffirmed at Wells Fargo & Company

Wells Fargo & Company reaffirmed their equal weight rating on shares of Strategy (NASDAQ:MSTR) in a research report report published on Tuesday morning,Benzinga reports. They currently have a $54.00 price objective on the software maker’s stock, down from their previous price objective of $65.00.

A number of other equities analysts have also weighed in on MSTR. Monness Crespi & Hardt boosted their price target on shares of Strategy from $175.00 to $200.00 and gave the stock a “sell” rating in a research report on Tuesday, July 15th. Canaccord Genuity Group restated a “buy” rating and set a $464.00 price target on shares of Strategy in a research report on Tuesday, August 26th. BTIG Research boosted their price target on shares of Strategy from $620.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Mizuho boosted their price target on shares of Strategy from $563.00 to $586.00 and gave the stock an “outperform” rating in a research report on Monday, August 11th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Strategy in a research report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $509.54.

Strategy Stock Down 1.2%

MSTR stock opened at $322.57 on Tuesday. The stock has a market capitalization of $91.46 billion, a P/E ratio of 28.40 and a beta of 3.82. The firm has a 50-day simple moving average of $355.18 and a 200-day simple moving average of $361.48. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. Strategy has a 52 week low of $157.02 and a 52 week high of $543.00.

Strategy (NASDAQ:MSTR) last released its earnings results on Thursday, July 31st. The software maker reported $32.60 EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $32.72. The business had revenue of $114.49 million during the quarter, compared to analysts’ expectations of $112.68 million. Strategy had a net margin of 1,036.61% and a return on equity of 18.83%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($5.74) earnings per share. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insider Buying and Selling

In other Strategy news, CAO Jeanine Montgomery sold 43,750 shares of the business’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $430.54, for a total value of $18,836,125.00. Following the transaction, the chief accounting officer directly owned 8,606 shares in the company, valued at $3,705,227.24. The trade was a 83.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gregg Winiarski acquired 10,000 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was bought at an average price of $97.65 per share, for a total transaction of $976,500.00. Following the completion of the acquisition, the director owned 10,000 shares in the company, valued at approximately $976,500. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 265,474 shares of company stock worth $24,056,259 and sold 152,150 shares worth $62,847,251. Company insiders own 8.46% of the company’s stock.

Hedge Funds Weigh In On Strategy

Several large investors have recently made changes to their positions in the stock. SJS Investment Consulting Inc. lifted its holdings in shares of Strategy by 25.8% in the 2nd quarter. SJS Investment Consulting Inc. now owns 117 shares of the software maker’s stock worth $47,000 after acquiring an additional 24 shares during the last quarter. Mutual Advisors LLC lifted its holdings in shares of Strategy by 2.0% in the 2nd quarter. Mutual Advisors LLC now owns 1,350 shares of the software maker’s stock worth $548,000 after acquiring an additional 27 shares during the last quarter. Bernardo Wealth Planning LLC lifted its holdings in shares of Strategy by 3.9% in the 2nd quarter. Bernardo Wealth Planning LLC now owns 772 shares of the software maker’s stock worth $312,000 after acquiring an additional 29 shares during the last quarter. Smith Anglin Financial LLC lifted its holdings in shares of Strategy by 1.2% in the 2nd quarter. Smith Anglin Financial LLC now owns 2,537 shares of the software maker’s stock worth $1,025,000 after acquiring an additional 30 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its holdings in shares of Strategy by 2.7% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,163 shares of the software maker’s stock worth $470,000 after acquiring an additional 31 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

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.