Strategy (NASDAQ:MSTR) Trading Up 2% on Insider Buying Activity

Strategy Inc (NASDAQ:MSTR)’s share price traded up 2% during trading on Wednesday after an insider bought additional shares in the company. The stock traded as high as $180.63 and last traded at $175.64. 19,675,617 shares changed hands during trading, an increase of 34% from the average session volume of 14,735,201 shares. The stock had previously closed at $172.19.

Specifically, Director Jane A. Dietze acquired 1,100 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was bought at an average cost of $95.28 per share, with a total value of $104,808.00. Following the acquisition, the director owned 2,600 shares in the company, valued at approximately $247,728. This represents a 73.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MSTR shares. TD Cowen lowered their target price on shares of Strategy from $620.00 to $535.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Wells Fargo & Company reiterated an “equal weight” rating and set a $54.00 price objective (down from $65.00) on shares of Strategy in a research note on Tuesday, September 30th. Citigroup initiated coverage on Strategy in a report on Tuesday, October 21st. They set a “buy” rating and a $485.00 price objective on the stock. China Renaissance initiated coverage on Strategy in a report on Wednesday, October 15th. They set a “buy” rating and a $473.00 target price for the company. Finally, Cowen reiterated a “buy” rating on shares of Strategy in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $485.80.

Strategy Trading Up 2.0%

The stock’s 50 day simple moving average is $275.16 and its 200 day simple moving average is $343.88. The firm has a market cap of $50.47 billion, a PE ratio of 15.46 and a beta of 3.87. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68.

Strategy (NASDAQ:MSTR) last posted its quarterly earnings data on Thursday, October 30th. The software maker reported $8.42 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $8.52. The firm had revenue of $128.69 million for the quarter, compared to analysts’ expectations of $116.65 million. Strategy had a net margin of 1,036.61% and a return on equity of 18.83%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the company posted ($1.56) EPS. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Hedge Funds Weigh In On Strategy

Several institutional investors have recently modified their holdings of MSTR. Binnacle Investments Inc lifted its position in Strategy by 492.9% in the 2nd quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock worth $34,000 after buying an additional 69 shares during the last quarter. MCF Advisors LLC purchased a new position in shares of Strategy during the second quarter worth approximately $35,000. Maseco LLP bought a new stake in shares of Strategy in the 2nd quarter worth approximately $36,000. AllSquare Wealth Management LLC boosted its stake in shares of Strategy by 100.0% in the 2nd quarter. AllSquare Wealth Management LLC now owns 100 shares of the software maker’s stock valued at $40,000 after purchasing an additional 50 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of Strategy during the 3rd quarter valued at $32,000. 59.84% of the stock is currently owned by institutional investors.

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.