Strategy Incorporated (NASDAQ:MSTR) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Strategy Incorporated (NASDAQ:MSTR) have received a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $514.42.

Several analysts recently issued reports on the company. Canaccord Genuity Group raised their price target on Strategy from $409.00 to $464.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Compass Point raised shares of Strategy to a “strong-buy” rating in a report on Wednesday, January 29th. Mizuho initiated coverage on shares of Strategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective on the stock. Barclays upped their target price on shares of Strategy from $421.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. Finally, Keefe, Bruyette & Woods assumed coverage on Strategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 price target on the stock.

Strategy Stock Performance

Shares of NASDAQ:MSTR opened at $415.93 on Tuesday. The business’s 50-day simple moving average is $318.40 and its 200 day simple moving average is $329.30. The company has a market cap of $107.04 billion, a P/E ratio of -73.84 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. Strategy has a one year low of $102.40 and a one year high of $543.00.

Strategy (NASDAQ:MSTR) last released its quarterly earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $111.07 million for the quarter, compared to analysts’ expectations of $116.66 million. During the same period last year, the firm earned ($0.83) EPS. The business’s quarterly revenue was down 3.6% on a year-over-year basis.

Insider Activity at Strategy

In other Strategy news, Director Jarrod M. Patten sold 1,100 shares of the business’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $395.00, for a total value of $434,500.00. Following the transaction, the director now directly owns 9,170 shares in the company, valued at $3,622,150. The trade was a 10.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jeanine Montgomery sold 481 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $329.27, for a total transaction of $158,378.87. Following the sale, the chief accounting officer now directly owns 7,805 shares of the company’s stock, valued at approximately $2,569,952.35. The trade was a 5.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 8,000 shares of company stock worth $680,000 and sold 40,098 shares worth $13,432,270. 9.16% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Strategy

Large investors have recently bought and sold shares of the business. Franklin Resources Inc. boosted its stake in Strategy by 3.3% during the 3rd quarter. Franklin Resources Inc. now owns 4,248 shares of the software maker’s stock worth $716,000 after acquiring an additional 135 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in Strategy in the third quarter worth $254,000. Versant Capital Management Inc boosted its position in shares of Strategy by 38.2% during the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after purchasing an additional 39 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Strategy by 56.5% in the 4th quarter. GAMMA Investing LLC now owns 562 shares of the software maker’s stock valued at $163,000 after buying an additional 203 shares during the period. Finally, Nordea Investment Management AB raised its stake in Strategy by 28.9% during the 4th quarter. Nordea Investment Management AB now owns 14,505 shares of the software maker’s stock worth $4,395,000 after buying an additional 3,255 shares during the period. 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.