Shares of Strategy Inc (NASDAQ:MSTR – Get Free Report) have been given an average recommendation of “Moderate Buy” by the sixteen analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $313.9286.
MSTR has been the topic of several research analyst reports. BTIG Research reiterated a “buy” rating and issued a $350.00 price objective (up from $250.00) on shares of Strategy in a report on Wednesday, May 6th. Weiss Ratings restated a “hold (c)” rating on shares of Strategy in a report on Friday, March 27th. B. Riley Financial lifted their target price on Strategy from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Benchmark reiterated a “buy” rating on shares of Strategy in a research note on Tuesday, June 2nd. Finally, Monness Crespi & Hardt reissued a “neutral” rating on shares of Strategy in a research report on Tuesday, June 2nd.
Get Our Latest Stock Report on MSTR
Strategy Stock Down 8.0%
Strategy (NASDAQ:MSTR – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The software maker reported ($38.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.86) by ($37.39). Strategy had a negative return on equity of 26.97% and a negative net margin of 2,482.01%.The firm had revenue of $124.30 million for the quarter, compared to analyst estimates of $120.75 million. During the same quarter last year, the company earned ($16.49) earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. Research analysts expect that Strategy will post 116.7 earnings per share for the current year.
Insider Buying and Selling at Strategy
In other Strategy news, CEO Phong Le sold 5,522 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $123.84, for a total transaction of $683,844.48. Following the sale, the chief executive officer directly owned 126,323 shares in the company, valued at $15,643,840.32. This represents a 4.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Jeanine Montgomery sold 354 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $123.84, for a total transaction of $43,839.36. Following the completion of the transaction, the chief accounting officer directly owned 11,209 shares of the company’s stock, valued at $1,388,122.56. This represents a 3.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 198,474 shares of company stock valued at $25,937,777 in the last 90 days. Corporate insiders own 6.49% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of MSTR. Fideuram Asset Management Ireland dac purchased a new stake in Strategy during the 4th quarter worth about $25,000. Westfuller Advisors LLC purchased a new position in shares of Strategy in the 1st quarter valued at about $25,000. Dogwood Wealth Management LLC boosted its stake in shares of Strategy by 280.0% in the 4th quarter. Dogwood Wealth Management LLC now owns 190 shares of the software maker’s stock valued at $29,000 after buying an additional 140 shares during the period. Wilkerson Advisory Group LLC acquired a new position in shares of Strategy during the fourth quarter worth about $30,000. Finally, Binnacle Investments Inc grew its position in shares of Strategy by 492.9% during the second quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock worth $34,000 after buying an additional 69 shares in the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.
Key Stories Impacting Strategy
Here are the key news stories impacting Strategy this week:
- Positive Sentiment: Strategy restarted Bitcoin purchases, buying 1,550 BTC for roughly $101 million after selling a small amount the prior week, which reassured investors that the company is still committed to growing its Bitcoin holdings. Strategy (MSTR) Restarts Bitcoin Purchases After Selling, Buys 1,550 BTC for $101 Million
- Positive Sentiment: Shareholders approved changes to preferred dividends, helping support Strategy’s funding structure and easing concerns about how the company will manage payouts while continuing to accumulate Bitcoin. Strategy Shareholders Approve Changes to Preferred Dividends
- Positive Sentiment: Several bullish commentaries said the renewed buying and large Bitcoin treasury could support a rebound in MSTR if Bitcoin stabilizes, with some analysts arguing the latest purchase restores confidence after the selloff. Analyst predicts 214% surge for battered stock
About Strategy
Strategy, formerly known as MicroStrategy, Incorporated (NASDAQ: MSTR) is a global provider of enterprise analytics and mobility software. The company’s flagship platform offers business intelligence, data discovery, and advanced visualizations that enable organizations to analyze large volumes of data and deliver actionable insights. In addition to traditional on-premises deployments, Strategy provides a range of cloud-based services and managed offerings that allow customers to leverage the power of its analytics tools without managing complex infrastructure.
Founded in 1989 by Michael J.
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