Strategy (NASDAQ:MSTR) Stock Price Up 1.9% – Time to Buy?

Strategy Incorporated (NASDAQ:MSTR)’s share price traded up 1.9% during trading on Monday . The company traded as high as $409.50 and last traded at $407.48. 4,346,400 shares traded hands during trading, a decline of 76% from the average session volume of 18,047,529 shares. The stock had previously closed at $399.80.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MSTR. Cantor Fitzgerald reissued a “hold” rating on shares of Strategy in a report on Monday. Monness Crespi & Hardt cut shares of Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price objective on the stock. in a research report on Tuesday, April 1st. Keefe, Bruyette & Woods started coverage on Strategy in a research note on Friday, February 7th. They set an “outperform” rating and a $560.00 price target for the company. Canaccord Genuity Group reiterated a “buy” rating on shares of Strategy in a report on Monday. Finally, Maxim Group raised their price target on shares of Strategy from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $514.42.

Strategy Stock Performance

The firm has a fifty day moving average of $331.21 and a 200 day moving average of $335.55. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The stock has a market capitalization of $112.76 billion, a price-to-earnings ratio of -73.22 and a beta of 3.79.

Strategy (NASDAQ:MSTR) last posted its earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($16.47). The firm had revenue of $111.07 million during the quarter, compared to analyst estimates of $116.66 million. Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.83) earnings per share.

Insider Buying and Selling at Strategy

In other news, Director Leslie J. Rechan sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the completion of the transaction, the director now directly owns 4,970 shares of the company’s stock, valued at $1,669,423. This trade represents a 75.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Wei-Ming Shao bought 500 shares of Strategy stock in a transaction that occurred on Thursday, March 20th. The shares were acquired at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the transaction, the executive vice president now directly owns 500 shares of the company’s stock, valued at $42,500. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 8,000 shares of company stock worth $680,000 and have sold 41,198 shares worth $13,901,970. 9.16% of the stock is owned by insiders.

Institutional Investors Weigh In On Strategy

Several institutional investors and hedge funds have recently modified their holdings of MSTR. Maryland State Retirement & Pension System grew its position in shares of Strategy by 0.3% in the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker’s stock worth $2,604,000 after acquiring an additional 30 shares in the last quarter. Family Management Corp grew its position in Strategy by 2.2% in the fourth quarter. Family Management Corp now owns 1,370 shares of the software maker’s stock worth $397,000 after buying an additional 30 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its holdings in shares of Strategy by 3.2% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock worth $324,000 after buying an additional 35 shares during the period. Oder Investment Management LLC raised its position in Strategy by 3.1% during the fourth quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker’s stock valued at $367,000 after buying an additional 38 shares during the period. Finally, Summit Financial LLC boosted its stake in shares of Strategy by 5.3% during the 1st quarter. Summit Financial LLC now owns 815 shares of the software maker’s stock valued at $235,000 after buying an additional 41 shares during the period. Hedge funds and other 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.