Cantor Fitzgerald Cuts Strategy (NASDAQ:MSTR) Price Target to $614.00

Strategy (NASDAQ:MSTR) had its target price reduced by Cantor Fitzgerald from $619.00 to $614.00 in a report issued on Monday,Benzinga reports. They currently have an overweight rating on the software maker’s stock.

Several other research firms have also recently commented on MSTR. Canaccord Genuity Group increased their price objective on Strategy from $409.00 to $464.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Benchmark reaffirmed a “buy” rating and set a $650.00 price target on shares of Strategy in a report on Tuesday, January 14th. Mizuho initiated coverage on shares of Strategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price objective for the company. Monness Crespi & Hardt cut shares of Strategy from a “neutral” rating to a “sell” rating and set a $220.00 target price on the stock. in a report on Tuesday, April 1st. Finally, Barclays decreased their target price on shares of Strategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $514.42.

Strategy Stock Up 1.8 %

Shares of Strategy stock opened at $392.48 on Monday. The company has a 50-day simple moving average of $312.32 and a two-hundred day simple moving average of $325.80. The stock has a market capitalization of $101.01 billion, a PE ratio of -69.68 and a beta of 3.79. Strategy has a 52-week low of $102.40 and a 52-week high of $543.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71.

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

Insider Buying and Selling at Strategy

In other Strategy news, EVP Wei-Ming Shao bought 500 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was purchased 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 owns 500 shares of the company’s stock, valued at $42,500. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Phong Le purchased 6,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was acquired at an average cost of $85.00 per share, for a total transaction of $510,000.00. Following the completion of the acquisition, the chief executive officer now owns 6,000 shares in the company, valued at $510,000. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 8,000 shares of company stock valued at $680,000 and sold 38,998 shares valued at $12,997,770. 9.16% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Strategy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pin Oak Investment Advisors Inc. lifted its stake in Strategy by 95.9% in the 1st quarter. Pin Oak Investment Advisors Inc. now owns 568 shares of the software maker’s stock worth $164,000 after purchasing an additional 278 shares in the last quarter. Navellier & Associates Inc. boosted its stake in Strategy by 28.3% during the first quarter. Navellier & Associates Inc. now owns 6,156 shares of the software maker’s stock valued at $1,775,000 after buying an additional 1,358 shares during the last quarter. Wedbush Securities Inc. grew its holdings in Strategy by 21.1% during the 1st quarter. Wedbush Securities Inc. now owns 10,503 shares of the software maker’s stock valued at $3,028,000 after buying an additional 1,830 shares in the last quarter. HighPoint Advisor Group LLC grew its holdings in Strategy by 22.7% during the 1st quarter. HighPoint Advisor Group LLC now owns 4,462 shares of the software maker’s stock valued at $1,286,000 after buying an additional 825 shares in the last quarter. Finally, Lindbrook Capital LLC increased its stake in Strategy by 15.4% in the 1st quarter. Lindbrook Capital LLC now owns 622 shares of the software maker’s stock worth $179,000 after acquiring an additional 83 shares during the last quarter. Institutional investors own 59.84% of the company’s stock.

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.