Strategy Stock Earnings Estimates Cut by HC Wainwright

Key Points

• HC Wainwright cut Strategy’s FY2026 EPS estimate to $46.31 from $65.56 while maintaining a “Buy” rating and $250 price target. This remains well above the broader consensus estimate of a $15.60 loss per share.
• Strategy reported Q3 EPS of $44.75, beating estimates by $24.56, although revenue fell 2.5% year over year to $125.43 million and the company posted sharply negative profitability metrics.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and $245.86 target, but risks include MSTR’s high Bitcoin sensitivity, share dilution from equity issuance, and recent insider selling.

Strategy Inc (NASDAQ:MSTR - Free Report) - HC Wainwright decreased their FY2026 earnings estimates for Strategy in a report issued on Friday, October 30th. HC Wainwright analyst M. Colonnese now anticipates that the software maker will post earnings per share of $46.31 for the year, down from their prior forecast of $65.56. HC Wainwright currently has a "Buy" rating and a $250.00 price target on the stock. The consensus estimate for Strategy's current full-year earnings is ($15.60) per share. HC Wainwright also issued estimates for Strategy's Q4 2026 earnings at $44.59 EPS, Q1 2027 earnings at $6.26 EPS, Q2 2027 earnings at $20.35 EPS, Q3 2027 earnings at $7.16 EPS and Q4 2027 earnings at $14.00 EPS.

Several other brokerages have also issued reports on MSTR. BTIG Research reaffirmed a "buy" rating and set a $250.00 target price on shares of Strategy in a research report on Friday. Wall Street Zen upgraded shares of Strategy from a "strong sell" rating to a "sell" rating in a research report on Sunday, August 16th. Sanford C. Bernstein restated an "outperform" rating and set a $350.00 price objective (down from $450.00) on shares of Strategy in a report on Wednesday, August 26th. Mizuho set a $165.00 target price on shares of Strategy in a research note on Monday, August 10th. Finally, UBS Group reissued a "buy" rating on shares of Strategy in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Strategy presently has a consensus rating of "Moderate Buy" and a consensus price target of $245.86.

Strategy Stock Performance

MSTR stock opened at $130.76 on Tuesday. The company has a quick ratio of 5.39, a current ratio of 5.39 and a debt-to-equity ratio of 0.22. The firm has a market cap of $50.24 billion, a PE ratio of -2.15 and a beta of 3.56. The business has a 50 day moving average of $143.90 and a 200-day moving average of $134.30. Strategy has a 12-month low of $81.81 and a 12-month high of $270.36.

Strategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The software maker reported $44.75 earnings per share for the quarter, topping the consensus estimate of $20.19 by $24.56. Strategy had a negative net margin of 6,102.95% and a negative return on equity of 74.18%. The business had revenue of $125.43 million for the quarter, compared to analysts' expectations of $127.76 million. During the same period in the previous year, the company earned $8.42 earnings per share. The firm's revenue for the quarter was down 2.5% compared to the same quarter last year.

Insider Buying and Selling at Strategy

In other news, Director Jarrod Patten sold 2,775 shares of the business's stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $125.33, for a total value of $347,790.75. Following the sale, the director owned 28,406 shares of the company's stock, valued at $3,560,123.98. The trade was a 8.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 10,200 shares of company stock valued at $1,443,356 in the last three months. 5.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Strategy

Hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC increased its stake in Strategy by 45.3% in the 3rd quarter. International Assets Investment Management LLC now owns 3,171 shares of the software maker's stock worth $509,000 after purchasing an additional 989 shares during the period. Waldron Private Wealth LLC bought a new stake in Strategy in the third quarter valued at approximately $230,000. Alta Advisers Ltd purchased a new stake in shares of Strategy during the third quarter valued at approximately $368,000. Principle Wealth Partners LLC boosted its stake in shares of Strategy by 29.8% during the third quarter. Principle Wealth Partners LLC now owns 4,896 shares of the software maker's stock valued at $750,000 after purchasing an additional 1,125 shares during the period. Finally, Claro Advisors Inc. purchased a new stake in shares of Strategy during the third quarter valued at approximately $301,000. Institutional investors own 59.84% of the company's stock.

Key Stories Impacting Strategy

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Strategy purchased 811 Bitcoin for approximately $65.5 million at an average price of $80,846, bringing its holdings to 849,327 BTC. The purchase reinforces Michael Saylor’s commitment to expanding the company’s Bitcoin treasury and likely helped support the stock. Strategy Buys 811 Bitcoin for $65.5M as Reserve Reaches $4.9B
• Positive Sentiment: The Q3 earnings call highlighted plans to accelerate Bitcoin accumulation through preferred securities, stronger liquidity and expansion of Strategy’s digital-credit business. Management’s broader financing strategy may improve access to capital for future purchases. Strategy Earnings Call Highlights Bitcoin and Credit Growth
• Positive Sentiment: Strategy repurchased approximately $208.2 million of its STRC preferred stock, a move that could reduce preferred-share obligations and support the capital structure. Analysts also maintained bullish views, including a reiterated “Buy” rating from BTIG.
• Neutral Sentiment: The company sold 1.18 million common shares for $164 million, using proceeds for Bitcoin purchases and cash reserves. The fundraising strengthens liquidity but increases the number of shares outstanding.
• Neutral Sentiment: Strategy’s reported Q3 results benefited substantially from unrealized Bitcoin gains, while revenue declined year over year. Investors are therefore likely to focus more on Bitcoin prices, financing access and asset coverage than on the software business alone.
• Negative Sentiment: Bitcoin-linked equities experienced a difficult October, and higher Treasury yields have reduced demand for riskier assets. Continued cryptocurrency weakness or further ETF outflows could pressure MSTR because of its high sensitivity to Bitcoin prices. Strategy's Michael Saylor Blames These 3 Factors for Bitcoin's Recent Sluggish Performance

Strategy Company Profile

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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