Strategy Inc (NASDAQ:MSTR) Stock Has Average Target Price of $244.79

Shares of Strategy Inc (NASDAQ:MSTR) have received a consensus recommendation of “Moderate Buy” from the seventeen analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $244.79.

MSTR has been the subject of several recent analyst reports. HC Wainwright restated a “buy” rating and set a $250.00 target price on shares of Strategy in a research report on Friday, October 30th. Canaccord Genuity Group upped their target price on Strategy from $175.00 to $179.00 and gave the stock a “buy” rating in a research note on Tuesday, September 8th. Alliance Global Partners started coverage on Strategy in a report on Tuesday, September 1st. They issued a “buy” rating and a $217.00 price target on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $208.00 price target on shares of Strategy in a research report on Monday. Finally, Benchmark reissued a “buy” rating and set a $435.00 price objective (down from $570.00) on shares of Strategy in a report on Monday, July 27th.

Strategy Stock Up 1.1%

Shares of NASDAQ:MSTR opened at $122.35 on Friday. The firm has a fifty day moving average price of $144.10 and a two-hundred day moving average price of $132.97. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.04 and a quick ratio of 4.04. Strategy has a one year low of $81.81 and a one year high of $234.84. The company has a market cap of $51.68 billion, a price-to-earnings ratio of -2.01 and a beta of 3.60.

Strategy (NASDAQ:MSTR) last released its quarterly earnings results on Thursday, October 29th. The software maker reported $44.75 EPS for the quarter, beating analysts’ consensus estimates of $20.19 by $24.56. Strategy had a negative net margin of 2,760.33% and a negative return on equity of 32.71%. The firm had revenue of $125.43 million during the quarter, compared to analyst estimates of $127.76 million. During the same period in the previous year, the business earned $8.42 EPS. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. Analysts anticipate that Strategy will post -13.01 EPS for the current fiscal year.

Latest Strategy News

Here’s some of the latest news about MSTR:

• Positive Sentiment: Cantor Fitzgerald sees about 66% upside, with a $208 price target, providing a bullish analyst view amid recent share-price weakness. Cantor Fitzgerald Sees 66% Upside in Strategy
• Neutral Sentiment: Strategy bought 1,036 bitcoin for about $81.9 million, but also repurchased roughly $188 million of preferred shares that week. The Bitcoin purchase supports its core treasury strategy, while the larger buyback highlights competing uses of capital. Strategy Adds Bitcoin While Repurchasing Preferred Shares
• Negative Sentiment: Bitcoin was reported below Strategy’s average purchase cost, leaving its large holdings underwater at the time of the report. That increases sensitivity to further Bitcoin declines and could complicate future funding decisions. Bitcoin below Strategy’s average cost

Insiders Place Their Bets

In related news, Director Jarrod Patten sold 4,750 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $141.00, for a total value of $669,750.00. Following the sale, the director directly owned 28,406 shares of the company’s stock, valued at $4,005,246. This trade represents a 14.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 14,950 shares of company stock valued at $2,113,106 over the last quarter. Company insiders own 5.40% of the company’s stock.

Hedge Funds Weigh In On Strategy

A number of hedge funds and other institutional investors have recently bought and sold shares of MSTR. State Street Corp increased its holdings in shares of Strategy by 7.2% in the 2nd quarter. State Street Corp now owns 7,527,561 shares of the software maker’s stock worth $654,371,000 after buying an additional 506,635 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Strategy by 3.1% during the 1st quarter. Bank of America Corp DE now owns 3,965,680 shares of the software maker’s stock worth $494,917,000 after acquiring an additional 117,374 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Strategy by 122.6% during the 1st quarter. Renaissance Technologies LLC now owns 2,130,881 shares of the software maker’s stock worth $265,934,000 after acquiring an additional 1,173,549 shares during the last quarter. Public Sector Pension Investment Board bought a new stake in shares of Strategy during the 3rd quarter worth $153,651,000. Finally, National Pension Service lifted its holdings in shares of Strategy by 10.4% during the 2nd quarter. National Pension Service now owns 907,442 shares of the software maker’s stock worth $78,884,000 after acquiring an additional 85,457 shares during the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

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.