Strategy (NASDAQ:MSTR) Trading 3.1% Higher - Here's Why

Key Points

• Strategy Inc shares increased by 3.1% on Tuesday, trading as high as $344.53, with a total of 4,024,499 shares exchanged, significantly lower than the average volume of 15,136,603 shares.
• Numerous analysts have provided positive ratings, with TD Cowen raising their price target to $680.00 and an overall average price target of $552.50 for Strategy Inc.
• Insider trading activity included Director Peter L. Briger, Jr. purchasing 220,000 shares for $19.8 million, while CFO Andrew Kang sold 18,750 shares valued at $7.4 million.

Strategy Inc (NASDAQ:MSTR - Get Free Report) shares shot up 3.1% on Tuesday . The company traded as high as $344.53 and last traded at $344.92. 4,024,499 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 15,136,603 shares. The stock had previously closed at $334.41.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MSTR. UBS Group reissued a "buy" rating on shares of Strategy in a research note on Friday, May 16th. Cantor Fitzgerald reiterated an "overweight" rating on shares of Strategy in a research note on Wednesday, August 13th. Benchmark reaffirmed a "buy" rating on shares of Strategy in a research report on Wednesday, August 13th. TD Cowen boosted their price objective on shares of Strategy from $590.00 to $680.00 and gave the company a "buy" rating in a research report on Tuesday, July 15th. Finally, Mizuho increased their price target on Strategy from $563.00 to $586.00 and gave the stock an "outperform" rating in a research note on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Strategy presently has an average rating of "Moderate Buy" and an average price target of $552.50.

Strategy Trading Up 1.8%

The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. The company has a 50 day moving average of $390.33 and a 200 day moving average of $355.24. The stock has a market capitalization of $96.50 billion, a price-to-earnings ratio of 29.96 and a beta of 3.82.

Strategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The software maker reported $32.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.12) by $32.72. The company had revenue of $114.49 million for the quarter, compared to analyst estimates of $112.68 million. Strategy had a net margin of 1,036.61% and a return on equity of 18.83%. The business's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($5.74) earnings per share. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insider Buying and Selling

In other news, Director Peter L. Briger, Jr. purchased 220,000 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The shares were purchased at an average price of $90.00 per share, with a total value of $19,800,000.00. Following the purchase, the director directly owned 220,000 shares of the company's stock, valued at approximately $19,800,000. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Andrew Kang sold 18,750 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $395.00, for a total value of $7,406,250.00. Following the sale, the chief financial officer directly owned 24,460 shares in the company, valued at approximately $9,661,700. This represents a 43.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 268,251 shares of company stock valued at $24,143,304 and sold 151,363 shares valued at $62,739,988. 8.46% of the stock is owned by insiders.

Institutional Trading of Strategy

Several hedge funds have recently added to or reduced their stakes in MSTR. Total Investment Management Inc. bought a new stake in shares of Strategy in the 2nd quarter worth $280,000. Centaurus Financial Inc. grew its stake in Strategy by 2.2% in the second quarter. Centaurus Financial Inc. now owns 5,842 shares of the software maker's stock valued at $2,362,000 after purchasing an additional 126 shares in the last quarter. Orion Porfolio Solutions LLC lifted its stake in shares of Strategy by 5.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 23,494 shares of the software maker's stock valued at $9,497,000 after purchasing an additional 1,163 shares during the last quarter. MASTERINVEST Kapitalanlage GmbH acquired a new position in Strategy during the second quarter valued at approximately $355,000. Finally, TT Capital Management LLC acquired a new position in shares of Strategy during the 2nd quarter worth about $902,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.