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

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

Specifically, Director Jane A. Dietze purchased 1,100 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were acquired at an average price of $95.28 per share, for a total transaction of $104,808.00. Following the purchase, 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 this hyperlink.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Cowen restated a “buy” rating on shares of Strategy in a research report on Friday, October 31st. Canaccord Genuity Group boosted their price target on Strategy from $464.00 to $474.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. BTIG Research cut their target price on Strategy from $700.00 to $630.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Citigroup started coverage on shares of Strategy in a research report on Tuesday, October 21st. They issued a “buy” rating and a $485.00 target price on the stock. Finally, Cantor Fitzgerald lowered their target price on Strategy from $697.00 to $560.00 and set an “overweight” rating for the company in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $485.80.

Strategy Stock Up 2.0%

The stock has a 50-day moving average price of $271.69 and a 200-day moving average price of $342.71. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market capitalization of $50.47 billion, a P/E ratio of 15.46 and a beta of 3.87.

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

Institutional Investors Weigh In On Strategy

Several large investors have recently modified their holdings of the company. Arkadios Wealth Advisors lifted its holdings in Strategy by 14.3% in the first quarter. Arkadios Wealth Advisors now owns 5,433 shares of the software maker’s stock valued at $1,566,000 after buying an additional 679 shares during the period. Strategic Advocates LLC raised its position in shares of Strategy by 5.4% in the 1st quarter. Strategic Advocates LLC now owns 7,853 shares of the software maker’s stock worth $2,264,000 after acquiring an additional 403 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Strategy in the 1st quarter worth about $13,795,000. Triglav Skladi D.O.O. acquired a new position in shares of Strategy in the 1st quarter valued at about $144,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Strategy by 41.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 32,088 shares of the software maker’s stock valued at $9,250,000 after purchasing an additional 9,372 shares in 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.