TD Cowen Issues Pessimistic Forecast for Strategy (NASDAQ:MSTR) Stock Price

Strategy (NASDAQ:MSTR) had its price objective decreased by TD Cowen from $440.00 to $350.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. TD Cowen’s price target would suggest a potential upside of 172.08% from the company’s current price.

Several other brokerages have also recently commented on MSTR. Citigroup lowered their target price on shares of Strategy from $485.00 to $325.00 and set a “buy” rating on the stock in a report on Monday, December 22nd. Mizuho set a $320.00 target price on shares of Strategy and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Texas Capital raised shares of Strategy to a “strong-buy” rating in a report on Thursday, March 19th. Zacks Research lowered shares of Strategy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Cantor Fitzgerald started coverage on shares of Strategy in a report on Tuesday, January 27th. They issued an “overweight” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Strategy has an average rating of “Moderate Buy” and an average target price of $361.79.

Strategy Stock Down 0.2%

Shares of MSTR opened at $128.64 on Friday. Strategy has a 12 month low of $104.17 and a 12 month high of $457.22. The firm’s 50 day moving average is $132.14 and its 200-day moving average is $187.63. The stock has a market capitalization of $42.93 billion, a PE ratio of -6.99 and a beta of 3.55. The company has a current ratio of 5.62, a quick ratio of 5.62 and a debt-to-equity ratio of 0.18.

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

Insider Activity at Strategy

In other news, Director Jarrod M. Patten sold 1,400 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $131.77, for a total value of $184,478.00. Following the sale, the director directly owned 28,000 shares in the company, valued at approximately $3,689,560. This trade represents a 4.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Phong Le sold 3,299 shares of the firm’s stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $138.33, for a total transaction of $456,350.67. Following the completion of the sale, the chief executive officer owned 22,923 shares in the company, valued at approximately $3,170,938.59. The trade was a 12.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have purchased 8,509 shares of company stock valued at $1,128,827 and have sold 12,152 shares valued at $1,646,257. Corporate insiders own 8.46% of the company’s stock.

Institutional Investors Weigh In On Strategy

A number of hedge funds have recently made changes to their positions in the stock. J. Derek Lewis & Associates Inc. acquired a new stake in Strategy during the 4th quarter worth approximately $1,026,000. World Investment Advisors boosted its position in Strategy by 27.5% during the 4th quarter. World Investment Advisors now owns 9,154 shares of the software maker’s stock worth $1,391,000 after buying an additional 1,977 shares during the period. ARP Global Capital Ltd acquired a new stake in Strategy during the 4th quarter worth approximately $4,234,000. Corient Private Wealth LLC boosted its position in Strategy by 516.7% during the 4th quarter. Corient Private Wealth LLC now owns 72,801 shares of the software maker’s stock worth $11,062,000 after buying an additional 60,997 shares during the period. Finally, Hsbc Holdings PLC boosted its position in Strategy by 17.4% during the 4th quarter. Hsbc Holdings PLC now owns 370,057 shares of the software maker’s stock worth $56,521,000 after buying an additional 54,840 shares during the period. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Key Strategy News

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Management and company-level crypto progress: STRC reached a $5B milestone and CEO framed it as a transformative moment, a positive narrative for MSTR’s crypto strategy. Read More.
• Positive Sentiment: Renewed crypto accumulation — Strategy resumed large Bitcoin purchases (~$330M reported) and March data shows meaningful BTC buys, reinforcing the company’s identity as a leveraged Bitcoin treasury vehicle. Read More.
• Positive Sentiment: Macro tailwind — a rally in Bitcoin (reclaiming key levels near $70–73k) is boosting investor appetite for crypto-tied equities like MSTR. Read More.
• Neutral Sentiment: Sell‑side and target dispersion: the street still shows wide disagreement — some firms reaffirm buy ratings and others cut targets, producing divergent signals for different investor types. Read More.
• Neutral Sentiment: Wall Street’s consensus price targets imply large upside versus the current price, but those targets reflect very different valuation approaches (BTC treasury value vs. legacy software business). Read More.
• Negative Sentiment: TD Cowen trimmed MSTR’s price target (from $440 to $350) citing a lower bitcoin price deck and reduced valuation multiple — a signal that some sell‑side models are becoming more conservative. Read More.
• Negative Sentiment: Rating downgrade: Zacks moved MSTR from “strong‑buy” to “hold,” which can reduce flows from certain model-based funds. Read More.
• Negative Sentiment: Insider selling: Director Jarrod Patten disclosed small open‑market sales (April 7–8), which some investors view as a near‑term negative signal. Read More.
• Negative Sentiment: Balance‑sheet headline risk — the company’s large BTC holdings carry substantial unrealized paper losses, increasing volatility and headline-driven price swings. Read More.

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.