TD Cowen Lowers Strategy (NASDAQ:MSTR) Price Target to $620.00

Key Points

• TD Cowen has decreased its price target for Strategy (NASDAQ:MSTR) from $640.00 to $620.00, while maintaining a "buy" rating, indicating a potential upside of 89.78% from the stock's previous close.
• Various analysts have differing views, with BTIG Research raising its target to $700.00 and Mizuho adjusting it to $586.00, contributing to a consensus target price of $547.50.
• In recent insider trading, CFO Andrew Kang sold 18,750 shares of the company, while Director Gregg Winiarski purchased 10,000 shares, showcasing mixed signals regarding insider confidence in the stock.

Strategy (NASDAQ:MSTR - Get Free Report) had its price target decreased by research analysts at TD Cowen from $640.00 to $620.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the software maker's stock. TD Cowen's price target would indicate a potential upside of 89.78% from the stock's previous close.

Other research analysts have also issued research reports about the stock. BTIG Research raised their price objective on shares of Strategy from $620.00 to $700.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Mizuho raised their price objective on shares of Strategy from $563.00 to $586.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Cantor Fitzgerald reissued an "overweight" rating on shares of Strategy in a research note on Wednesday, August 13th. Barclays reissued a "hold" rating on shares of Strategy in a research note on Monday, May 19th. Finally, Benchmark reissued a "buy" rating on shares of Strategy in a research note on Wednesday, August 13th. One 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 company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $547.50.

Strategy Trading Down 0.3%

MSTR stock traded down $1.09 during mid-day trading on Tuesday, hitting $326.70. 1,712,975 shares of the company were exchanged, compared to its average volume of 14,826,387. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $92.64 billion, a P/E ratio of 28.79 and a beta of 3.82. The business has a fifty day simple moving average of $377.99 and a 200-day simple moving average of $358.03. Strategy has a 12-month low of $128.51 and a 12-month high of $543.00.

Strategy (NASDAQ:MSTR - Get Free Report) last announced 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. The company had revenue of $114.49 million during 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%. Strategy's revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($5.74) earnings per share. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insider Activity at Strategy

In other Strategy news, CFO Andrew Kang sold 18,750 shares of the firm'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 transaction of $7,406,250.00. Following the sale, the chief financial officer 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gregg Winiarski bought 10,000 shares of the business's stock in a transaction dated Friday, August 8th. The stock was acquired at an average cost of $97.65 per share, for a total transaction of $976,500.00. Following the completion of the acquisition, the director directly owned 10,000 shares in the company, valued at approximately $976,500. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 252,974 shares of company stock valued at $22,844,759 and have sold 142,150 shares valued at $59,289,351. Company insiders own 8.46% of the company's stock.

Hedge Funds Weigh In On Strategy

Institutional investors have recently modified their holdings of the business. First United Bank & Trust acquired a new position in shares of Strategy in the 1st quarter valued at $29,000. Siemens Fonds Invest GmbH increased its holdings in shares of Strategy by 6,992.7% in the 4th quarter. Siemens Fonds Invest GmbH now owns 119,654 shares of the software maker's stock valued at $33,000 after acquiring an additional 117,967 shares during the period. Binnacle Investments Inc increased its holdings in shares of Strategy by 492.9% in the 2nd quarter. Binnacle Investments Inc now owns 83 shares of the software maker's stock valued at $34,000 after acquiring an additional 69 shares during the period. MCF Advisors LLC acquired a new position in shares of Strategy in the 2nd quarter valued at $35,000. Finally, Maseco LLP acquired a new position in shares of Strategy in the 2nd quarter valued at $36,000. 59.84% of the stock is owned by institutional investors and hedge funds.

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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