BTIG Research Reaffirms Buy Rating for Strategy (NASDAQ:MSTR)

Key Points

• BTIG Research reaffirmed a buy rating on Strategy with a $250 price target — implying roughly a 102% upside — while MarketBeat's consensus remains a "Moderate Buy" with a $368.21 average target.
• Strategy resumed buying Bitcoin (about 4,871 BTC / ~$330M, raising holdings to ~766,970 BTC), a bullish supply‑absorption catalyst that coincides with an approximately $14.5B unrealized Q1 digital‑asset loss and volatile GAAP results.
• Insiders have been net sellers recently (CEO Phong Le sold 3,299 shares; CAO Jeanine Montgomery sold 470), institutional investors own about 59.8% of the stock, and several large funds have increased their stakes.

Strategy (NASDAQ:MSTR - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at BTIG Research in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $250.00 target price on the software maker's stock. BTIG Research's price target suggests a potential upside of 102.07% from the company's current price.

Several other research firms also recently commented on MSTR. Weiss Ratings reissued a "hold (c)" rating on shares of Strategy in a research report on Friday, March 27th. Mizuho set a $320.00 price objective on shares of Strategy and gave the stock an "outperform" rating in a research note on Tuesday, February 17th. Zacks Research upgraded shares of Strategy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 10th. Canaccord Genuity Group set a $185.00 price objective on shares of Strategy and gave the stock a "buy" rating in a research note on Wednesday, February 4th. Finally, Citigroup reduced their price objective on shares of Strategy from $485.00 to $325.00 and set a "buy" rating for the company in a research note on Monday, December 22nd. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Strategy has a consensus rating of "Moderate Buy" and a consensus target price of $368.21.

Strategy Stock Performance

MSTR stock opened at $123.72 on Wednesday. The company has a quick ratio of 5.62, a current ratio of 5.62 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $41.29 billion, a price-to-earnings ratio of -6.72 and a beta of 3.55. Strategy has a 12 month low of $104.17 and a 12 month high of $457.22. The firm has a 50 day moving average of $133.45 and a two-hundred day moving average of $190.91.

Strategy (NASDAQ:MSTR - Get Free Report) last posted 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). The business had revenue of $122.99 million during the quarter, compared to the consensus estimate of $117.42 million. Strategy had a negative return on equity of 8.74% and a negative net margin of 806.34%.The business's revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($3.03) earnings per share.

Insiders Place Their Bets

In other news, CAO Jeanine Montgomery sold 470 shares of the business's stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $138.33, for a total value of $65,015.10. Following the completion of the sale, the chief accounting officer directly owned 10,423 shares in the company, valued at approximately $1,441,813.59. The trade was a 4.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Phong Le sold 3,299 shares of the company's stock in a transaction 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 transaction, the chief executive officer owned 22,923 shares of the company's stock, valued at approximately $3,170,938.59. The trade was a 12.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders acquired 8,521 shares of company stock valued at $1,130,026 and sold 10,052 shares valued at $1,375,602. Corporate insiders own 8.46% of the company's stock.

Hedge Funds Weigh In On Strategy

Large investors have recently bought and sold shares of the stock. Rhumbline Advisers raised its stake in Strategy by 16.1% during the 3rd quarter. Rhumbline Advisers now owns 313,565 shares of the software maker's stock valued at $101,034,000 after purchasing an additional 43,509 shares during the last quarter. Schroder Investment Management Group raised its stake in Strategy by 21.0% during the 3rd quarter. Schroder Investment Management Group now owns 118,478 shares of the software maker's stock valued at $38,175,000 after purchasing an additional 20,536 shares during the last quarter. State Street Corp raised its stake in Strategy by 9.9% during the 2nd quarter. State Street Corp now owns 5,484,569 shares of the software maker's stock valued at $2,217,027,000 after purchasing an additional 495,278 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Strategy by 46.1% in the 3rd quarter. Van ECK Associates Corp now owns 204,506 shares of the software maker's stock valued at $65,894,000 after buying an additional 64,482 shares in the last quarter. Finally, Harvest Portfolios Group Inc. raised its stake in shares of Strategy by 119.0% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 1,550,520 shares of the software maker's stock valued at $499,593,000 after buying an additional 842,480 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Strategy

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Company resumed buying bitcoin, acquiring 4,871 BTC (~$330M) over April 1–5 and raising total holdings to ~766,970 BTC — a direct bullish catalyst that boosts investor appetite for the equity as a leveraged way to own BTC. Strategy Resumes Bitcoin Buying With $330 Million Purchase
• Positive Sentiment: Management has expanded at‑the‑market (ATM) offerings and uses Series A preferred funding to finance bitcoin buys — that capital runway makes continued accumulation possible and is viewed as supportive for future share performance if BTC recovers. Strategy Expands ATM Offering and Boosts Bitcoin Holdings
• Positive Sentiment: Large-scale cumulative buying by Strategy is being framed as supply absorption that could tighten available BTC supply and support higher bitcoin prices over time — a macro tailwind for MSTR equity. Bitcoin may hit $110K as Strategy absorbs nearly 3x new BTC supply
• Neutral Sentiment: CEO/founder public comments (e.g., saying the Bitcoin 4‑year cycle is “over”) shape narrative and investor conviction but are interpretive — they influence sentiment more than fundamentals. Michael Saylor Says Bitcoin 4-Year Cycle Is Over, But This Is A Good Thing For Price
• Negative Sentiment: Strategy reported a very large Q1 unrealized digital‑asset loss (~$14.5B) under fair‑value accounting — that creates volatile GAAP results, can pressure sentiment on down days, and makes reported earnings swings dramatic. Michael Saylor's Strategy Posts $14.5B Unrealized Loss In Q1
• Negative Sentiment: Reliance on equity and preferred issuance to fund bitcoin buys raises dilution and financing‑risk concerns — if BTC falls or capital markets tighten, those funding costs/terms could weigh on shareholders. Strategy Bitcoin Bet Deepens With Preferred Equity Funding And Huge Unrealized Loss

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.

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