Strategy's (MSTR) "Buy" Rating Reiterated at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group has reiterated its "buy" rating for Strategy's stock (NASDAQ: MSTR) with a target price of $464.00, indicating a potential upside of 32.84% from the previous close.
• The company has seen mixed ratings from analysts, with a consensus rating of "Moderate Buy" and an average price target of $552.50.
• Insiders have recently sold significant amounts of stock, with CFO Andrew Kang selling 18,750 shares, reducing his ownership by 43.39%, while institutional investors continue to increase their stakes in the company.

Strategy (NASDAQ:MSTR - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at Canaccord Genuity Group in a research report issued on Tuesday,Benzinga reports. They currently have a $464.00 target price on the software maker's stock. Canaccord Genuity Group's price objective indicates a potential upside of 32.84% from the company's previous close.

MSTR has been the subject of several other reports. Benchmark reissued a "buy" rating on shares of Strategy in a report on Wednesday, August 13th. Mizuho lifted their price target on shares of Strategy from $563.00 to $586.00 and gave the stock an "outperform" rating in a research note on Monday, August 11th. Barclays reaffirmed a "hold" rating on shares of Strategy in a research report on Monday, May 19th. TD Cowen upped their target price 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. Finally, Cowen restated a "buy" rating on shares of Strategy in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $552.50.

Strategy Trading Up 1.8%

MSTR traded up $6.10 during trading hours on Tuesday, reaching $349.30. The company's stock had a trading volume of 5,328,262 shares, compared to its average volume of 15,297,382. Strategy has a fifty-two week low of $113.69 and a fifty-two week high of $543.00. The stock has a market cap of $99.04 billion, a PE ratio of 30.71 and a beta of 3.76. The business's 50-day moving average is $393.31 and its 200-day moving average is $354.83. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68.

Strategy (NASDAQ:MSTR - Get Free Report) last announced its earnings results on Thursday, July 31st. The software maker reported $32.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.12) by $32.72. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.The company had revenue of $114.49 million for the quarter, compared to analyst estimates of $112.68 million. During the same quarter in the previous year, the company earned ($5.74) earnings per share. The firm's quarterly revenue was up 2.7% compared to the same quarter last year. 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 stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $395.00, for a total transaction of $7,406,250.00. Following the completion of the sale, the chief financial officer owned 24,460 shares of the company's stock, valued at $9,661,700. This represents a 43.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Wei-Ming Shao sold 32,500 shares of Strategy stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $401.47, for a total transaction of $13,047,775.00. Following the completion of the sale, the executive vice president owned 12,726 shares in the company, valued at $5,109,107.22. The trade was a 71.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders acquired 268,132 shares of company stock valued at $24,131,995 and sold 188,283 shares valued at $76,440,904. 8.46% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Strategy

Several hedge funds and other institutional investors have recently made changes to their positions in the company. MASTERINVEST Kapitalanlage GmbH acquired a new position in Strategy during the 2nd quarter worth approximately $355,000. TT Capital Management LLC bought a new stake in shares of Strategy in the 2nd quarter valued at $902,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Strategy in the 2nd quarter valued at $1,987,000. MRP Capital Investments LLC boosted its stake in Strategy by 15.0% during the second quarter. MRP Capital Investments LLC now owns 1,150 shares of the software maker's stock worth $465,000 after acquiring an additional 150 shares in the last quarter. Finally, Advisory Services Network LLC boosted its stake in Strategy by 244.6% during the second quarter. Advisory Services Network LLC now owns 26,260 shares of the software maker's stock worth $10,553,000 after acquiring an additional 18,640 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

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.

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