BTIG Research Cuts Strategy (NASDAQ:MSTR) Price Target to $630.00

Strategy (NASDAQ:MSTR) had its price objective decreased by BTIG Research from $700.00 to $630.00 in a research note issued to investors on Friday morning,Benzinga reports. BTIG Research currently has a buy rating on the software maker’s stock.

A number of other equities analysts also recently commented on the company. Monness Crespi & Hardt set a $175.00 price objective on Strategy and gave the stock a “sell” rating in a research report on Tuesday, October 28th. Citigroup initiated coverage on Strategy in a research report on Tuesday, October 21st. They set a “buy” rating and a $485.00 price objective on the stock. Mizuho lifted their price objective on Strategy from $563.00 to $586.00 and gave the stock an “outperform” rating in a research report on Monday, August 11th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Strategy in a research report on Wednesday, August 13th. Finally, China Renaissance initiated coverage on Strategy in a research report on Wednesday, October 15th. They set a “buy” rating and a $473.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $485.47.

Strategy Stock Performance

NASDAQ MSTR opened at $269.77 on Friday. The company has a market cap of $76.49 billion, a PE ratio of 23.75 and a beta of 3.83. The stock’s 50 day simple moving average is $319.21 and its 200-day simple moving average is $363.55. Strategy has a 1-year low of $220.82 and a 1-year high of $543.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68.

Strategy (NASDAQ:MSTR) last announced its quarterly earnings data on Thursday, October 30th. The software maker reported $8.42 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $8.53. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.The firm had revenue of $128.69 million for the quarter, compared to the consensus estimate of $116.76 million. During the same quarter last year, the business posted ($1.56) earnings per share. The firm’s revenue was up 10.9% compared to the same quarter last year. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insiders Place Their Bets

In other Strategy news, EVP Wei-Ming Shao sold 30,000 shares of the firm’s stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $357.37, for a total transaction of $10,721,100.00. Following the completion of the sale, the executive vice president owned 12,726 shares of the company’s stock, valued at $4,547,890.62. This trade represents a 70.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregg Winiarski acquired 10,000 shares of the company’s stock in a transaction dated Friday, August 8th. The stock was purchased at an average cost of $97.65 per share, with a total value of $976,500.00. Following the completion of the purchase, the director directly owned 10,000 shares of the company’s stock, valued at approximately $976,500. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders purchased 46,399 shares of company stock worth $4,515,720 and sold 65,000 shares worth $24,099,750. 8.46% of the stock is owned by insiders.

Institutional Investors Weigh In On Strategy

A number of institutional investors have recently modified their holdings of MSTR. Quent Capital LLC acquired a new stake in shares of Strategy in the third quarter valued at $33,000. Binnacle Investments Inc grew its stake in shares of Strategy by 492.9% in the second quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock valued at $34,000 after buying an additional 69 shares in the last quarter. MCF Advisors LLC acquired a new stake in shares of Strategy in the second quarter valued at $35,000. Maseco LLP acquired a new stake in shares of Strategy in the second quarter valued at $36,000. Finally, SOA Wealth Advisors LLC. grew its stake in shares of Strategy by 44.4% in the third quarter. SOA Wealth Advisors LLC. now owns 117 shares of the software maker’s stock valued at $38,000 after buying an additional 36 shares in the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Strategy Company Profile

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.