Strategy (NASDAQ:MSTR) Price Target Raised to $464.00 at Canaccord Genuity Group

Strategy (NASDAQ:MSTR - Get Free Report) had its price target increased by equities research analysts at Canaccord Genuity Group from $409.00 to $464.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the software maker's stock. Canaccord Genuity Group's target price indicates a potential upside of 17.66% from the company's current price.

Several other brokerages also recently commented on MSTR. Cantor Fitzgerald raised their price objective on shares of Strategy from $613.00 to $619.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Monness Crespi & Hardt downgraded Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price objective on the stock. in a research report on Tuesday, April 1st. Benchmark reiterated a "buy" rating and set a $650.00 target price on shares of Strategy in a research report on Tuesday, January 14th. Mizuho began coverage on Strategy in a research note on Wednesday, January 29th. They set an "outperform" rating and a $515.00 target price on the stock. Finally, Barclays dropped their price target on Strategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Strategy currently has an average rating of "Moderate Buy" and an average target price of $510.33.

Strategy Stock Performance

NASDAQ:MSTR traded up $12.77 during mid-day trading on Friday, hitting $394.37. 15,899,263 shares of the company traded hands, compared to its average volume of 18,038,952. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The stock's fifty day moving average price is $304.20 and its 200-day moving average price is $322.82. The firm has a market cap of $101.49 billion, a price-to-earnings ratio of -70.01 and a beta of 3.79. Strategy has a one year low of $102.40 and a one year high of $543.00.

Strategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($16.47). Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%. The company had revenue of $111.07 million for the quarter, compared to the consensus estimate of $116.66 million. During the same quarter last year, the firm posted ($0.83) earnings per share. The company's revenue was down 3.6% compared to the same quarter last year.

Insiders Place Their Bets

In other news, CAO Jeanine Montgomery sold 481 shares of the business'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 transaction, the chief accounting officer now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jarrod M. Patten sold 3,100 shares of the firm's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $365.33, for a total value of $1,132,523.00. Following the completion of the sale, the director now owns 4,970 shares of the company's stock, valued at approximately $1,815,690.10. This represents a 38.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders acquired 8,000 shares of company stock valued at $680,000 and sold 37,798 shares valued at $12,535,866. Corporate insiders own 9.16% of the company's stock.

Hedge Funds Weigh In On Strategy

Hedge funds have recently bought and sold shares of the business. Peapack Gladstone Financial Corp increased its holdings in Strategy by 900.0% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 2,350 shares of the software maker's stock worth $396,000 after purchasing an additional 2,115 shares during the period. Franklin Resources Inc. increased its position in Strategy by 3.3% during the 3rd quarter. Franklin Resources Inc. now owns 4,248 shares of the software maker's stock valued at $716,000 after buying an additional 135 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in Strategy in the 3rd quarter worth $254,000. Versant Capital Management Inc boosted its holdings in Strategy by 38.2% in the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker's stock valued at $41,000 after purchasing an additional 39 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Strategy by 56.5% in the 4th quarter. GAMMA Investing LLC now owns 562 shares of the software maker's stock worth $163,000 after purchasing an additional 203 shares during the period. Institutional investors own 59.84% of the company's stock.

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.