Strategy (NASDAQ:MSTR) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of Strategy (NASDAQ:MSTR) from a strong-buy rating to a hold rating in a report issued on Tuesday morning,Zacks.com reports.

Several other research analysts have also weighed in on MSTR. Citigroup lowered their price objective on shares of Strategy from $485.00 to $325.00 and set a “buy” rating on the stock in a research note on Monday, December 22nd. Sanford C. Bernstein set a $450.00 price objective on shares of Strategy and gave the stock an “outperform” rating in a research note on Monday, December 8th. Canaccord Genuity Group set a $185.00 price objective on shares of Strategy and gave the stock a “buy” rating in a research note on Wednesday, February 4th. HC Wainwright restated a “buy” rating on shares of Strategy in a research note on Friday, February 6th. Finally, Truist Financial set a $268.00 price objective on shares of Strategy in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $368.21.

Strategy Trading Up 0.4%

Shares of NASDAQ:MSTR opened at $128.86 on Tuesday. The company’s 50-day moving average price is $132.56 and its two-hundred day moving average price is $190.05. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.62 and a quick ratio of 5.62. Strategy has a one year low of $104.17 and a one year high of $457.22. The stock has a market capitalization of $43.01 billion, a PE ratio of -7.00 and a beta of 3.55.

Strategy (NASDAQ:MSTR) last released its quarterly earnings data on Thursday, February 5th. The software maker reported ($42.93) earnings per share for the quarter, missing the consensus estimate of $46.02 by ($88.95). The firm had revenue of $122.99 million for the quarter, compared to analyst estimates of $117.42 million. Strategy had a negative return on equity of 8.74% and a negative net margin of 806.34%.The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($3.03) earnings per share.

Insiders Place Their Bets

In related news, Director Carl J. Rickertsen purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The shares were acquired at an average price of $155.88 per share, for a total transaction of $779,400.00. Following the purchase, the director owned 5,000 shares in the company, valued at approximately $779,400. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jane A. Dietze purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 20th. The stock was bought at an average price of $99.48 per share, for a total transaction of $99,480.00. Following the purchase, the director owned 3,600 shares in the company, valued at $358,128. The trade was a 38.46% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have acquired 8,509 shares of company stock worth $1,128,827 and have sold 12,152 shares worth $1,646,257. Corporate insiders own 8.46% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MSTR. Capital International Investors grew its stake in Strategy by 37.3% in the 4th quarter. Capital International Investors now owns 20,614,868 shares of the software maker’s stock valued at $3,132,460,000 after buying an additional 5,600,573 shares during the last quarter. Vanguard Group Inc. grew its stake in Strategy by 21.0% in the 4th quarter. Vanguard Group Inc. now owns 24,062,886 shares of the software maker’s stock valued at $3,656,356,000 after buying an additional 4,178,611 shares during the last quarter. Amundi grew its stake in Strategy by 373.7% in the 4th quarter. Amundi now owns 4,790,702 shares of the software maker’s stock valued at $727,947,000 after buying an additional 3,779,340 shares during the last quarter. Norges Bank acquired a new position in Strategy in the 4th quarter valued at about $536,140,000. Finally, Capital Research Global Investors grew its stake in Strategy by 66.7% in the 4th quarter. Capital Research Global Investors now owns 7,008,535 shares of the software maker’s stock valued at $1,064,963,000 after buying an additional 2,803,277 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

Key Headlines Impacting Strategy

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Strategy resumed aggressive Bitcoin accumulation with a reported ~$330 million purchase, signaling management conviction in BTC exposure and supporting the equity. Strategy Resumes Bitcoin Buying With $330 Million Purchase
• Positive Sentiment: Broader crypto strength — Bitcoin rally back above key levels and improving demand indicators — is boosting sentiment for MSTR because the company’s market value is closely tied to BTC moves. Bitcoin Surges Above $70,000. It’s a Key Level for the Crypto.
• Positive Sentiment: Data shows Strategy bought ~44,377 BTC in March and now holds a very large corporate position (reported ~762k BTC), reinforcing its identity as a leveraged Bitcoin treasury vehicle and explaining investor enthusiasm when BTC rallies. Bitcoin Treasuries Report: Strategy Buys 44,377 BTC in March 2026
• Positive Sentiment: Sell‑side backing remains in places — BTIG reaffirmed its buy and some outlets highlight very large implied upside on consensus targets, which attracts momentum buyers. Why Strategy Stock (MSTR) Is Rising Today — and What BTIG Analyst Sees Ahead
• Neutral Sentiment: Wall Street price targets remain widely dispersed: the consensus implies large upside vs. current levels, but the gap reflects big disagreement over valuation methodology (BTC exposure vs. legacy software business). Down 60%, Wall Street Sees 191% Upside in Strategy (MSTR)
• Neutral Sentiment: Market commentary notes the BTC rebound still leaves questions — improved prices but visible cracks in demand that could limit sustained upside for MSTR if BTC weakens again. Bitcoin’s Comeback Leaves A Bigger Question
• Negative Sentiment: Analyst and research shops trimmed expectations: TD Cowen cut its price target (while staying constructive) and Zacks downgraded MSTR from strong‑buy to hold, which can cap buying from more conservative funds. TD Cuts Bitcoin Giant Strategy’s Price Target Zacks Downgrades Strategy to Hold
• Negative Sentiment: Company’s BTC holdings sit with very large unrealized losses on paper (reported multi‑billion dollar drawdown), increasing headline risk and potential volatility for the stock. Strategy Bitcoin Portfolio Bleeds Red with $14.46 Billion Paper Loss
• Negative Sentiment: Insider selling by a director (disclosed sales on April 7–8) adds a near‑term negative signal for some investors. Director Jarrod M. Patten Insider Sales

About Strategy

Strategy, formerly known as MicroStrategy, Incorporated (NASDAQ: MSTR) is a global provider of enterprise analytics and mobility software. The company’s flagship platform offers business intelligence, data discovery, and advanced visualizations that enable organizations to analyze large volumes of data and deliver actionable insights. In addition to traditional on-premises deployments, Strategy provides a range of cloud-based services and managed offerings that allow customers to leverage the power of its analytics tools without managing complex infrastructure.

Founded in 1989 by Michael J.