Strategy (NASDAQ:MSTR) Trading 2.9% Higher – Time to Buy?

Strategy Inc (NASDAQ:MSTR)’s share price was up 2.9% during mid-day trading on Tuesday . The stock traded as high as $198.40 and last traded at $188.99. Approximately 23,929,606 shares traded hands during trading, an increase of 59% from the average daily volume of 15,058,255 shares. The stock had previously closed at $183.69.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MSTR shares. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Strategy in a report on Friday. Monness Crespi & Hardt upgraded Strategy from a “sell” rating to a “neutral” rating in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Strategy in a research report on Wednesday, October 8th. Benchmark reiterated a “buy” rating on shares of Strategy in a research note on Monday, December 1st. Finally, China Renaissance assumed coverage on Strategy in a research note on Wednesday, October 15th. They issued a “buy” rating and a $473.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Strategy has a consensus rating of “Moderate Buy” and a consensus target price of $475.80.

Strategy Price Performance

The stock has a fifty day moving average of $251.69 and a two-hundred day moving average of $330.60. The stock has a market cap of $54.31 billion, a price-to-earnings ratio of 8.79 and a beta of 3.40. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.16.

Strategy (NASDAQ:MSTR) last released its earnings results on Thursday, October 30th. The software maker reported $8.42 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $8.52. The company had revenue of $128.69 million during the quarter, compared to the consensus estimate of $116.65 million. Strategy had a return on equity of 20.98% and a net margin of 1,667.09%.Strategy’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the company earned ($1.56) earnings per share. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insider Buying and Selling

In related news, Director Jarrod M. Patten purchased 12,000 shares of Strategy stock in a transaction dated Friday, October 17th. The stock was bought at an average cost of $96.88 per share, for a total transaction of $1,162,560.00. Following the transaction, the director owned 29,335 shares in the company, valued at approximately $2,841,974.80. The trade was a 69.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jane A. Dietze purchased 1,100 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was purchased at an average price of $95.28 per share, for a total transaction of $104,808.00. Following the acquisition, the director owned 2,600 shares in the company, valued at approximately $247,728. This trade represents a 73.33% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have purchased 37,380 shares of company stock valued at $3,632,719 and have sold 53,177 shares valued at $17,122,166. 8.46% of the stock is owned by insiders.

Hedge Funds Weigh In On Strategy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL grew its holdings in Strategy by 410.4% in the third quarter. Strategic Investment Solutions Inc. IL now owns 684 shares of the software maker’s stock valued at $220,000 after purchasing an additional 550 shares during the last quarter. Allworth Financial LP boosted its position in shares of Strategy by 3.8% in the 3rd quarter. Allworth Financial LP now owns 2,807 shares of the software maker’s stock worth $905,000 after buying an additional 103 shares in the last quarter. Swiss Life Asset Management Ltd boosted its position in shares of Strategy by 17.0% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 27,547 shares of the software maker’s stock worth $8,876,000 after buying an additional 4,009 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new stake in Strategy in the 3rd quarter valued at about $6,129,000. Finally, Centaurus Financial Inc. increased its holdings in Strategy by 15.0% during the 3rd quarter. Centaurus Financial Inc. now owns 6,719 shares of the software maker’s stock valued at $2,165,000 after acquiring an additional 877 shares in the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

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.