Barclays Boosts Strategy (NASDAQ:MSTR) Price Target to $475.00

Strategy (NASDAQ:MSTR - Free Report) had its price objective raised by Barclays from $421.00 to $475.00 in a research note issued to investors on Monday, MarketBeat.com reports. They currently have an overweight rating on the software maker's stock.

Other research analysts have also issued research reports about the stock. Mizuho assumed coverage on shares of Strategy in a research note on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price target on the stock. Keefe, Bruyette & Woods initiated coverage on Strategy in a report on Friday, February 7th. They set an "outperform" rating and a $560.00 price target for the company. Canaccord Genuity Group upped their price objective on Strategy from $409.00 to $464.00 and gave the company a "buy" rating in a report on Friday, May 2nd. HC Wainwright started coverage on shares of Strategy in a research report on Tuesday, April 29th. They issued a "buy" rating and a $480.00 target price for the company. Finally, Maxim Group raised their price target on shares of Strategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, ten have issued a buy rating and one has assigned 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 price target of $514.42.

Strategy Stock Performance

Shares of MSTR stock traded up $1.55 on Monday, reaching $415.93. The stock had a trading volume of 17,117,928 shares, compared to its average volume of 18,060,882. Strategy has a 12 month low of $102.40 and a 12 month high of $543.00. The firm has a market capitalization of $107.04 billion, a price-to-earnings ratio of -73.84 and a beta of 3.79. The firm's 50-day moving average is $315.59 and its two-hundred day moving average is $327.15. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39.

Strategy (NASDAQ:MSTR - Get Free Report) last posted its earnings results 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 for the quarter, compared to analyst estimates of $116.66 million. During the same period in the previous year, the firm posted ($0.83) earnings per share. The firm's revenue was down 3.6% compared to the same quarter last year.

Insider Activity at Strategy

In other Strategy news, Director Jarrod M. Patten sold 1,700 shares of Strategy stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of $342.01, for a total transaction of $581,417.00. Following the transaction, the director now directly owns 4,970 shares of the company's stock, valued at approximately $1,699,789.70. The trade was a 25.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrew Kang purchased 1,500 shares of Strategy stock in a transaction on Thursday, March 20th. The stock was bought at an average price of $85.00 per share, for a total transaction of $127,500.00. Following the transaction, the chief financial officer now directly owns 1,500 shares in the company, valued at approximately $127,500. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 8,000 shares of company stock valued at $680,000 and have sold 38,998 shares valued at $12,997,770. 9.16% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Strategy

Hedge funds have recently made changes to their positions in the stock. Quadrant Capital Group LLC increased its position in Strategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock valued at $25,000 after purchasing an additional 77 shares during the period. Riverview Trust Co acquired a new stake in shares of Strategy during the fourth quarter worth $25,000. IAG Wealth Partners LLC bought a new position in Strategy during the fourth quarter worth $25,000. Dunhill Financial LLC acquired a new position in Strategy in the fourth quarter valued at $26,000. Finally, Safe Harbor Fiduciary LLC boosted its position in Strategy by 820.0% during the fourth quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock valued at $27,000 after acquiring an additional 82 shares during the last quarter. 59.84% of the stock is currently owned by 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.