Strategy (NASDAQ:MSTR) Trading Up 4.4% Following Analyst Upgrade

Key Points

• Strategy Incorporated's stock (NASDAQ:MSTR) rose by 4.4% following an upgrade from BTIG Research, which raised its price target from $620 to $700 and maintained a buy rating.
• Insiders have been active, with Director Peter L. Briger, Jr. purchasing 220,000 shares for a total of $19.8 million, while another director sold 26,390 shares valued at about $9.83 million.
• Strategy reported $32.60 earnings per share for its last quarterly results, significantly exceeding analyst expectations of ($0.12), alongside a revenue increase of 2.7% year-over-year.

Strategy Incorporated (NASDAQ:MSTR - Get Free Report)'s stock price was up 4.4% during mid-day trading on Monday after BTIG Research raised their price target on the stock from $620.00 to $700.00. BTIG Research currently has a buy rating on the stock. Strategy traded as high as $385.82 and last traded at $382.82. Approximately 4,728,963 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 15,667,694 shares. The stock had previously closed at $366.63.

MSTR has been the topic of a number of other research reports. Benchmark boosted their target price on Strategy from $650.00 to $705.00 and gave the stock a "buy" rating in a research note on Friday. Cantor Fitzgerald upped their price target on shares of Strategy from $614.00 to $680.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Barclays reaffirmed a "hold" rating on shares of Strategy in a report on Monday, May 19th. UBS Group reaffirmed a "buy" rating on shares of Strategy in a report on Friday, May 16th. Finally, TD Cowen upped their price objective on shares of Strategy from $590.00 to $680.00 and gave the stock a "buy" rating in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Strategy has a consensus rating of "Moderate Buy" and an average target price of $546.58.

Insider Transactions at Strategy

In other news, Director Peter L. Briger, Jr. acquired 220,000 shares of the stock in a transaction on Tuesday, July 29th. The stock was acquired at an average price of $90.00 per share, with a total value of $19,800,000.00. Following the completion of the transaction, the director owned 220,000 shares of the company's stock, valued at $19,800,000. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Carl J. Rickertsen sold 26,390 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $372.40, for a total transaction of $9,827,636.00. Following the sale, the director owned 980 shares in the company, valued at approximately $364,952. This trade represents a 96.42% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have purchased 268,132 shares of company stock worth $24,169,295 and have sold 171,771 shares worth $70,078,474. 8.46% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MSTR. Quadrant Capital Group LLC increased its stake in shares of Strategy by 855.6% during the fourth 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 in the last quarter. Dunhill Financial LLC purchased a new stake in shares of Strategy in the 4th quarter worth approximately $26,000. Safe Harbor Fiduciary LLC increased its position in Strategy by 820.0% during the 4th quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock valued at $27,000 after buying an additional 82 shares in the last quarter. First United Bank & Trust purchased a new position in Strategy during the first quarter valued at $29,000. Finally, Siemens Fonds Invest GmbH raised its stake in Strategy by 6,992.7% during the fourth quarter. Siemens Fonds Invest GmbH now owns 119,654 shares of the software maker's stock valued at $33,000 after buying an additional 117,967 shares during the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

Strategy Stock Up 4.3%

The firm has a market capitalization of $104.55 billion, a P/E ratio of 33.70 and a beta of 3.76. The company has a fifty day simple moving average of $395.02 and a 200 day simple moving average of $352.87. The company has a quick ratio of 0.66, a current ratio of 0.68 and a debt-to-equity ratio of 0.17.

Strategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The software maker reported $32.60 earnings per share (EPS) 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 quarter in the previous year, the firm earned ($5.74) EPS. Strategy's quarterly revenue was up 2.7% compared to the same quarter last year.

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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