Strategy (NASDAQ:MSTR) Trading Up 3.3% Following Analyst Upgrade

Strategy Incorporated (NASDAQ:MSTR - Get Free Report)'s stock price traded up 3.3% during trading on Friday after Canaccord Genuity Group raised their price target on the stock from $409.00 to $464.00. Canaccord Genuity Group currently has a buy rating on the stock. Strategy traded as high as $397.40 and last traded at $394.32. 5,913,164 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 17,980,225 shares. The stock had previously closed at $381.60.

Several other analysts have also recently issued reports on the company. Monness Crespi & Hardt cut 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. Cantor Fitzgerald increased their price objective on shares of Strategy from $613.00 to $619.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods began coverage on shares of Strategy in a research note on Friday, February 7th. They issued an "outperform" rating and a $560.00 price objective for the company. Maxim Group upped their target price on shares of Strategy from $480.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Finally, Mizuho began coverage on Strategy in a research report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price target for the company. One analyst has rated the stock with a sell rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Strategy has an average rating of "Moderate Buy" and an average target price of $510.33.

Insider Transactions at Strategy

In other Strategy news, CAO Jeanine Montgomery sold 481 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $329.27, for a total value of $158,378.87. Following the transaction, the chief accounting officer now directly owns 7,805 shares in the company, valued at $2,569,952.35. This represents a 5.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew Kang bought 1,500 shares of Strategy stock in a transaction dated Thursday, March 20th. The shares were bought at an average cost of $85.00 per share, for a total transaction of $127,500.00. Following the completion of the transaction, the chief financial officer now owns 1,500 shares of the company's stock, valued at approximately $127,500. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 8,000 shares of company stock worth $680,000 and have sold 37,798 shares worth $12,535,866. Company insiders own 9.16% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MSTR. Geode Capital Management LLC lifted its holdings in shares of Strategy by 10.2% in the 4th quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock worth $881,470,000 after buying an additional 281,342 shares during the period. Norges Bank bought a new stake in shares of Strategy in the fourth quarter valued at about $523,981,000. Northern Trust Corp lifted its stake in Strategy by 24.4% in the fourth quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker's stock worth $311,685,000 after acquiring an additional 210,997 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Strategy by 25.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 802,464 shares of the software maker's stock worth $232,410,000 after acquiring an additional 162,757 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Strategy by 14.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker's stock worth $220,626,000 after acquiring an additional 97,515 shares in the last quarter. Institutional investors own 59.84% of the company's stock.

Strategy Stock Up 3.3 %

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 cap of $101.49 billion, a PE ratio of -70.01 and a beta of 3.79. The business's 50-day simple moving average is $304.20 and its 200 day simple moving average is $322.82.

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

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.