Strategy (NASDAQ:MSTR) Coverage Initiated by Analysts at China Renaissance

China Renaissance assumed coverage on shares of Strategy (NASDAQ:MSTR) in a report published on Wednesday morning, Marketbeat reports. The firm issued a buy rating and a $473.00 target price on the software maker’s stock.

A number of other research firms also recently weighed in on MSTR. Mizuho boosted their target price on Strategy from $563.00 to $586.00 and gave the stock an “outperform” rating in a research report on Monday, August 11th. Benchmark restated a “buy” rating on shares of Strategy in a research report on Wednesday, August 13th. TD Cowen dropped their target price on Strategy from $640.00 to $620.00 and set a “buy” rating for the company in a research report on Tuesday, September 16th. Cantor Fitzgerald restated an “overweight” rating on shares of Strategy in a research report on Wednesday, August 13th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $54.00 target price (down previously from $65.00) on shares of Strategy in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $506.93.

Strategy Stock Performance

Shares of MSTR opened at $296.76 on Wednesday. The company has a market cap of $84.15 billion, a PE ratio of 26.12 and a beta of 3.83. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. The stock has a 50-day moving average price of $340.29 and a 200-day moving average price of $362.37. Strategy has a 12-month low of $185.81 and a 12-month high of $543.00.

Strategy (NASDAQ:MSTR) last issued its quarterly 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. The firm had revenue of $114.49 million during the quarter, compared to the consensus estimate of $112.68 million. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted ($5.74) EPS. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insider Transactions at Strategy

In related news, Director Jane A. Dietze acquired 1,500 shares of the stock in a transaction on Tuesday, July 29th. The stock was purchased at an average price of $90.00 per share, for a total transaction of $135,000.00. Following the completion of the transaction, the director owned 1,500 shares of the company’s stock, valued at $135,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gregg Winiarski acquired 10,000 shares of the stock in a transaction on Friday, August 8th. The stock was bought at an average price of $97.65 per share, with a total value of $976,500.00. Following the transaction, the director directly owned 10,000 shares of the company’s stock, valued at approximately $976,500. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 265,474 shares of company stock valued at $24,056,259 and have sold 65,000 shares valued at $24,099,750. Company insiders own 8.46% of the company’s stock.

Hedge Funds Weigh In On Strategy

A number of hedge funds and other institutional investors have recently made changes to their positions in MSTR. Binnacle Investments Inc raised its holdings in shares of Strategy by 492.9% during the second quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock valued at $34,000 after acquiring an additional 69 shares in the last quarter. MCF Advisors LLC bought a new position in shares of Strategy during the second quarter valued at approximately $35,000. Maseco LLP bought a new position in shares of Strategy during the second quarter valued at approximately $36,000. AllSquare Wealth Management LLC raised its holdings in shares of Strategy by 100.0% during the second quarter. AllSquare Wealth Management LLC now owns 100 shares of the software maker’s stock valued at $40,000 after acquiring an additional 50 shares in the last quarter. Finally, Hexagon Capital Partners LLC raised its holdings in shares of Strategy by 7,750.0% during the first quarter. Hexagon Capital Partners LLC now owns 157 shares of the software maker’s stock valued at $45,000 after acquiring an additional 155 shares in the last quarter. Institutional investors own 59.84% of the company’s stock.

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.