Strategy (NASDAQ:MSTR) Trading Up 2% - What's Next?

Key Points

• Shares of Strategy Inc (NASDAQ:MSTR) traded up 2% to $335.07, despite an 80% decrease in trading volume compared to its average session.
• Recent analyst ratings show a mix of outlooks, with one strong buy, eleven buys, one hold, and one sell, leading to an average price target of $552.50.
• The company reported earnings significantly higher than expected, with $32.60 EPS for the last quarter, compared to a consensus estimate of ($0.12).

Shares of Strategy Inc (NASDAQ:MSTR - Get Free Report) traded up 2% during mid-day trading on Wednesday . The company traded as high as $340.01 and last traded at $335.07. 2,919,563 shares were traded during trading, a decline of 80% from the average session volume of 14,958,668 shares. The stock had previously closed at $328.53.

Analyst Ratings Changes

MSTR has been the subject of a number of recent analyst reports. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Strategy in a research note on Wednesday, August 13th. Mizuho upped their price target on Strategy from $563.00 to $586.00 and gave the company an "outperform" rating in a research report on Monday, August 11th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $464.00 target price on shares of Strategy in a research note on Tuesday, August 26th. Monness Crespi & Hardt upped their target price on Strategy from $175.00 to $200.00 and gave the company a "sell" rating in a report on Tuesday, July 15th. Finally, Barclays restated a "hold" rating on shares of Strategy in a report on Monday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Strategy has an average rating of "Moderate Buy" and an average price target of $552.50.

Strategy Stock Down 1.6%

The company has a market cap of $91.69 billion, a price-to-earnings ratio of 28.41 and a beta of 3.82. The business has a 50-day simple moving average of $383.94 and a two-hundred day simple moving average of $355.41. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17.

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

Insiders Place Their Bets

In other news, CFO Andrew Kang sold 18,750 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was 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 of the company's stock, valued at approximately $9,661,700. This trade represents a 43.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Peter L. Briger, Jr. acquired 220,000 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The shares were acquired at an average cost of $90.00 per share, with a total value of $19,800,000.00. Following the transaction, the director directly owned 220,000 shares in the company, valued at $19,800,000. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 252,974 shares of company stock worth $22,844,759 and sold 142,150 shares worth $59,289,351. 8.46% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Strategy

Several hedge funds have recently modified their holdings of MSTR. Ethic Inc. acquired a new position in Strategy in the 4th quarter valued at approximately $332,000. Focus Partners Wealth lifted its position in shares of Strategy by 35.5% in the 4th quarter. Focus Partners Wealth now owns 3,592 shares of the software maker's stock worth $1,051,000 after acquiring an additional 942 shares during the period. Janus Henderson Group PLC lifted its position in shares of Strategy by 12.8% in the 4th quarter. Janus Henderson Group PLC now owns 13,200 shares of the software maker's stock worth $3,825,000 after acquiring an additional 1,500 shares during the period. Laird Norton Wetherby Wealth Management LLC bought a new stake in shares of Strategy in the 4th quarter worth approximately $420,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Strategy by 4,639.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 116,866 shares of the software maker's stock worth $33,853,000 after acquiring an additional 114,400 shares during the period. 59.84% of the stock is owned by 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.

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.