TD Cowen Raises Strategy (NASDAQ:MSTR) Price Target to $400.00

Strategy (NASDAQ:MSTR) had its price objective upped by investment analysts at TD Cowen from $395.00 to $400.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the software maker’s stock. TD Cowen’s price objective points to a potential upside of 141.80% from the stock’s current price.

Other research analysts have also issued research reports about the company. BTIG Research reissued a “buy” rating and set a $350.00 price objective (up from $250.00) on shares of Strategy in a report on Wednesday, May 6th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Strategy in a research note on Monday, May 11th. Zacks Research lowered shares of Strategy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Wall Street Zen lowered shares of Strategy from a “hold” rating to a “sell” rating in a report on Sunday, February 8th. Finally, HC Wainwright restated a “buy” rating on shares of Strategy in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Strategy presently has an average rating of “Moderate Buy” and a consensus price target of $322.21.

Strategy Price Performance

Shares of MSTR traded down $1.21 during midday trading on Tuesday, hitting $165.42. 2,009,623 shares of the company traded hands, compared to its average volume of 20,848,494. Strategy has a one year low of $104.17 and a one year high of $457.22. The firm has a market cap of $57.97 billion, a P/E ratio of -4.12 and a beta of 3.59. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.05 and a quick ratio of 6.05. The stock has a 50-day moving average of $150.65 and a 200-day moving average of $162.81.

Strategy (NASDAQ:MSTR) last announced its quarterly earnings results on Tuesday, May 5th. The software maker reported ($38.25) EPS for the quarter, missing the consensus estimate of ($0.86) by ($37.39). The firm had revenue of $124.30 million during the quarter, compared to the consensus estimate of $120.75 million. Strategy had a negative net margin of 2,482.01% and a negative return on equity of 26.97%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the business earned ($16.49) earnings per share. As a group, sell-side analysts predict that Strategy will post 116.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other Strategy news, Director Jarrod M. Patten sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $190.85, for a total value of $286,275.00. Following the completion of the sale, the director owned 28,000 shares of the company’s stock, valued at $5,343,800. This represents a 5.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 30,702 shares of company stock valued at $4,707,839. Insiders own 6.49% of the company’s stock.

Institutional Investors Weigh In On Strategy

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Strategy by 21.0% in the 4th quarter. Vanguard Group Inc. now owns 24,062,886 shares of the software maker’s stock valued at $3,656,356,000 after purchasing an additional 4,178,611 shares in the last quarter. Capital International Investors lifted its stake in Strategy by 37.3% in the fourth quarter. Capital International Investors now owns 20,614,868 shares of the software maker’s stock worth $3,132,460,000 after purchasing an additional 5,600,573 shares during the last quarter. Capital Research Global Investors boosted its position in Strategy by 66.7% during the fourth quarter. Capital Research Global Investors now owns 7,008,535 shares of the software maker’s stock valued at $1,064,963,000 after buying an additional 2,803,277 shares during the period. State Street Corp boosted its position in Strategy by 2.3% during the fourth quarter. State Street Corp now owns 6,127,301 shares of the software maker’s stock valued at $931,043,000 after buying an additional 138,253 shares during the period. Finally, Amundi grew its stake in shares of Strategy by 373.7% during the fourth quarter. Amundi now owns 4,790,702 shares of the software maker’s stock valued at $727,947,000 after buying an additional 3,779,340 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors.

Strategy News Summary

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: TD Cowen reportedly sees substantial upside in Strategy (MSTR), reinforcing bullish analyst sentiment around the stock’s Bitcoin-driven strategy. Article Title
• Positive Sentiment: The company’s massive Bitcoin accumulation keeps it at the center of the institutional crypto trade and may support shares if Bitcoin stabilizes or rebounds. Article Title
• Neutral Sentiment: Strategy funded much of the buy through its STRC preferred stock, which shows strong demand but also adds complexity to the capital structure. Article Title
• Neutral Sentiment: A director also disclosed a relatively small stock sale, which is worth noting but is unlikely to be the main driver of trading today. Article Title
• Negative Sentiment: Bitcoin weakness and rising crypto liquidations are a headwind for Strategy (MSTR), since the stock tends to trade as a leveraged bet on BTC. Article Title
• Negative Sentiment: Reports that Strategy may need to consider Bitcoin sales for obligations have raised concerns about higher financial risk tied to its treasury model. Article Title

Strategy Company Profile

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.