Brokerages Set Strategy Incorporated (NASDAQ:MSTR) PT at $514.42

Shares of Strategy Incorporated (NASDAQ:MSTR - Get Free Report) have received an average recommendation of "Moderate Buy" from the thirteen research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $514.42.

MSTR has been the topic of a number of analyst reports. Maxim Group lifted their price objective on Strategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Monness Crespi & Hardt downgraded shares of Strategy from a "neutral" rating to a "sell" rating and set a $220.00 target price on the stock. in a research note on Tuesday, April 1st. Cantor Fitzgerald reissued a "hold" rating on shares of Strategy in a research note on Monday, May 19th. Keefe, Bruyette & Woods initiated coverage on Strategy in a research report on Friday, February 7th. They issued an "outperform" rating and a $560.00 target price on the stock. Finally, Canaccord Genuity Group restated a "buy" rating on shares of Strategy in a report on Monday, May 19th.

Strategy Stock Performance

NASDAQ MSTR traded up $15.36 on Friday, hitting $387.63. 3,648,223 shares of the company's stock traded hands, compared to its average volume of 18,041,563. Strategy has a 1-year low of $102.40 and a 1-year high of $543.00. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $105.98 billion, a PE ratio of -68.81 and a beta of 3.79. The firm's 50-day moving average price is $349.17 and its two-hundred day moving average price is $342.84.

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

Insider Buying and Selling

In other news, Director Jarrod M. Patten sold 7,150 shares of the firm's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $365.77, for a total value of $2,615,255.50. Following the completion of the sale, the director now owns 27,020 shares in the company, valued at approximately $9,883,105.40. This trade represents a 20.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Andrew Kang sold 5,638 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $410.22, for a total value of $2,312,820.36. Following the completion of the transaction, the chief financial officer now owns 22,077 shares of the company's stock, valued at $9,056,426.94. The trade was a 20.34% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have bought 18,000 shares of company stock worth $1,693,800 and have sold 57,036 shares worth $19,957,882. 9.16% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Strategy

Several hedge funds have recently bought and sold shares of MSTR. Riverview Trust Co purchased a new stake in Strategy during the fourth quarter worth $25,000. IAG Wealth Partners LLC acquired a new position in shares of Strategy during the 4th quarter worth $25,000. Quadrant Capital Group LLC boosted its position in shares of Strategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock worth $25,000 after buying an additional 77 shares in the last quarter. Dunhill Financial LLC purchased a new stake in shares of Strategy in the 4th quarter worth about $26,000. Finally, Parkside Financial Bank & Trust grew its stake in Strategy by 422.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker's stock valued at $27,000 after acquiring an additional 76 shares during the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

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.