Strategy (NASDAQ:MSTR) Price Target Lowered to $614.00 at Cantor Fitzgerald

Strategy (NASDAQ:MSTR - Get Free Report) had its price target reduced by investment analysts at Cantor Fitzgerald from $619.00 to $614.00 in a report released on Monday,Benzinga reports. The firm currently has an "overweight" rating on the software maker's stock. Cantor Fitzgerald's target price indicates a potential upside of 62.12% from the company's current price.

Several other analysts have also issued reports on MSTR. Monness Crespi & Hardt lowered shares of Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price objective on the stock. in a report on Tuesday, April 1st. Compass Point raised shares of Strategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Barclays cut their price objective on shares of Strategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Mizuho initiated coverage on Strategy in a research note on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price target on the stock. Finally, Canaccord Genuity Group increased their target price on shares of Strategy from $409.00 to $464.00 and gave the stock a "buy" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Strategy has an average rating of "Moderate Buy" and an average target price of $509.92.

Strategy Stock Performance

NASDAQ:MSTR opened at $378.73 on Monday. The stock has a 50-day moving average price of $304.20 and a 200 day moving average price of $323.72. Strategy has a 12-month low of $102.40 and a 12-month high of $543.00. The stock has a market capitalization of $97.47 billion, a P/E ratio of -67.79 and a beta of 3.79. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

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

Insider Buying and Selling

In other Strategy news, EVP Wei-Ming Shao purchased 500 shares of the stock in a transaction on Thursday, March 20th. The stock was acquired at an average price of $85.00 per share, with a total value of $42,500.00. Following the transaction, the executive vice president now directly owns 500 shares of the company's stock, valued at approximately $42,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Phong Le purchased 6,000 shares of Strategy stock in a transaction that occurred on Thursday, March 20th. The stock was purchased at an average cost of $85.00 per share, for a total transaction of $510,000.00. Following the completion of the purchase, the chief executive officer now owns 6,000 shares of the company's stock, valued at $510,000. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 8,000 shares of company stock valued at $680,000 and sold 37,798 shares valued at $12,535,866. 9.16% of the stock is owned by insiders.

Institutional Trading of Strategy

Hedge funds and other institutional investors have recently modified their holdings of the company. Hollencrest Capital Management increased its stake in Strategy by 4.0% during the first quarter. Hollencrest Capital Management now owns 1,934 shares of the software maker's stock worth $558,000 after acquiring an additional 75 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Strategy during the first quarter worth $13,795,000. Correct Capital Wealth Management boosted its holdings in Strategy by 12.4% during the first quarter. Correct Capital Wealth Management now owns 188,463 shares of the software maker's stock worth $54,328,000 after buying an additional 20,790 shares in the last quarter. Moloney Securities Asset Management LLC lifted its position in shares of Strategy by 62.1% during the 1st quarter. Moloney Securities Asset Management LLC now owns 1,318 shares of the software maker's stock valued at $380,000 after buying an additional 505 shares in the last quarter. Finally, Greenleaf Trust raised its stake in Strategy by 17.1% in the 1st quarter. Greenleaf Trust now owns 5,671 shares of the software maker's stock valued at $1,635,000 after purchasing an additional 828 shares during the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

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.

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