BTIG Research Has Lowered Expectations for Strategy (NASDAQ:MSTR) Stock Price

Strategy (NASDAQ:MSTR) had its price target reduced by equities research analysts at BTIG Research from $350.00 to $250.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the software maker’s stock. BTIG Research’s price target points to a potential upside of 187.59% from the stock’s current price.

Several other brokerages also recently issued reports on MSTR. Cantor Fitzgerald restated an “overweight” rating on shares of Strategy in a report on Monday, June 15th. Texas Capital upgraded Strategy to a “strong-buy” rating in a report on Thursday, March 19th. TD Cowen lowered their target price on Strategy from $400.00 to $260.00 and set a “buy” rating for the company in a research note on Tuesday. Mizuho dropped their target price on shares of Strategy from $320.00 to $265.00 and set an “outperform” rating on the stock in a report on Monday, June 1st. Finally, Citigroup reaffirmed a “buy” rating on shares of Strategy in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $294.43.

Strategy Trading Down 6.2%

Shares of MSTR stock traded down $5.75 on Tuesday, hitting $86.93. The stock had a trading volume of 35,315,121 shares, compared to its average volume of 21,653,301. The company has a current ratio of 6.05, a quick ratio of 6.05 and a debt-to-equity ratio of 0.22. Strategy has a twelve month low of $81.81 and a twelve month high of $457.22. The company has a fifty day moving average price of $147.65 and a two-hundred day moving average price of $146.08. The firm has a market cap of $30.46 billion, a P/E ratio of -2.16 and a beta of 3.50.

Strategy (NASDAQ:MSTR) last issued its quarterly earnings data 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 business had revenue of $124.30 million for the quarter, compared to analyst estimates of $120.75 million. Strategy had a negative return on equity of 26.97% and a negative net margin of 2,482.01%.The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($16.49) EPS. As a group, analysts forecast that Strategy will post 116.7 earnings per share for the current fiscal year.

Insider Transactions at Strategy

In related news, CFO Andrew Kang sold 33,062 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $118.73, for a total transaction of $3,925,451.26. Following the completion of the transaction, the chief financial officer directly owned 68,733 shares in the company, valued at approximately $8,160,669.09. This trade represents a 32.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jarrod M. Patten sold 15,050 shares of Strategy stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $154.94, for a total value of $2,331,847.00. Following the completion of the sale, the director directly owned 28,000 shares in the company, valued at approximately $4,338,320. This represents a 34.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders bought 11,166 shares of company stock valued at $1,014,265 and sold 193,622 shares valued at $25,189,621. 6.49% of the stock is owned by insiders.

Institutional Trading of Strategy

A number of institutional investors have recently made changes to their positions in the business. McIlrath & Eck LLC increased its position in Strategy by 3.8% during the second quarter. McIlrath & Eck LLC now owns 1,246 shares of the software maker’s stock worth $504,000 after acquiring an additional 46 shares during the period. Angeles Wealth Management LLC boosted its holdings in Strategy by 6.2% in the 3rd quarter. Angeles Wealth Management LLC now owns 893 shares of the software maker’s stock valued at $288,000 after purchasing an additional 52 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. grew its position in shares of Strategy by 0.6% during the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 9,533 shares of the software maker’s stock worth $3,061,000 after purchasing an additional 53 shares in the last quarter. Binnacle Investments Inc increased its holdings in shares of Strategy by 492.9% during the second quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock worth $34,000 after purchasing an additional 69 shares during the period. Finally, Rathbones Group PLC increased its holdings in shares of Strategy by 0.5% during the third quarter. Rathbones Group PLC now owns 15,523 shares of the software maker’s stock worth $5,002,000 after purchasing an additional 71 shares during the period. Institutional investors own 59.84% of the company’s stock.

Strategy News Roundup

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Raise its annual STRC preferred dividend to 12%, which may help support demand for the security and improve financing stability.
• Positive Sentiment: Authorize up to $2 billion in buybacks across common stock and preferred securities, which could provide downside support for MSTR if executed.
• Positive Sentiment: Maintain a large U.S. dollar reserve of about $2.55 billion, giving the company more liquidity to cover preferred dividends and interest obligations.

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.