Strategy (NASDAQ:MSTR) Stock Price Up 3.3% – Here’s Why

Strategy Inc (NASDAQ:MSTR) shares were up 3.3% on Tuesday . The stock traded as high as $171.49 and last traded at $167.50. Approximately 20,947,134 shares were traded during trading, an increase of 38% from the average daily volume of 15,175,040 shares. The stock had previously closed at $162.08.

Analysts Set New Price Targets

MSTR has been the topic of a number of research reports. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Strategy in a research note on Friday, December 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of Strategy in a report on Monday. HC Wainwright lowered their price target on Strategy from $521.00 to $475.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Sanford C. Bernstein set a $450.00 price target on Strategy and gave the stock an “outperform” rating in a research report on Monday, December 8th. Finally, BTIG Research decreased their price objective on Strategy from $700.00 to $630.00 and set a “buy” rating on the stock in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $475.80.

Strategy Price Performance

The company has a debt-to-equity ratio of 0.16, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a 50 day simple moving average of $235.11 and a two-hundred day simple moving average of $323.91. The company has a market cap of $48.13 billion, a price-to-earnings ratio of 7.79 and a beta of 3.40.

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

Insider Buying and Selling at Strategy

In other news, Director Jarrod M. Patten purchased 12,000 shares of the company’s stock in a transaction dated Friday, October 17th. The stock was acquired at an average price of $96.88 per share, with a total value of $1,162,560.00. Following the purchase, the director directly owned 29,335 shares in the company, valued at approximately $2,841,974.80. This represents a 69.22% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jane A. Dietze purchased 1,100 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were purchased at an average price of $95.28 per share, with a total value of $104,808.00. Following the acquisition, the director directly owned 2,600 shares in the company, valued at approximately $247,728. The trade was a 73.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have bought 24,880 shares of company stock worth $2,421,219 and have sold 53,177 shares worth $17,122,166. 8.46% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Strategy

A number of hedge funds have recently modified their holdings of MSTR. Vanguard Group Inc. increased its position in shares of Strategy by 7.3% during the 3rd quarter. Vanguard Group Inc. now owns 19,884,275 shares of the software maker’s stock worth $6,406,912,000 after purchasing an additional 1,344,519 shares during the last quarter. Capital International Investors boosted its stake in Strategy by 2.6% during the third quarter. Capital International Investors now owns 15,014,295 shares of the software maker’s stock worth $4,837,778,000 after buying an additional 383,207 shares during the period. State Street Corp raised its stake in shares of Strategy by 9.2% in the 3rd quarter. State Street Corp now owns 5,989,048 shares of the software maker’s stock valued at $1,929,731,000 after acquiring an additional 504,479 shares during the period. Capital Research Global Investors lifted its holdings in shares of Strategy by 33.6% in the 3rd quarter. Capital Research Global Investors now owns 4,205,258 shares of the software maker’s stock worth $1,354,982,000 after acquiring an additional 1,057,804 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Strategy during the 2nd quarter worth approximately $1,203,062,000. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

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.