B. Riley Financial Cuts Strategy (NASDAQ:MSTR) Price Target to $155.00

Strategy (NASDAQ:MSTR) had its price objective decreased by B. Riley Financial from $215.00 to $155.00 in a research report released on Monday morning,Benzinga reports. B. Riley Financial currently has a buy rating on the software maker’s stock.

MSTR has been the topic of several other reports. BTIG Research reiterated a “buy” rating and set a $250.00 price objective on shares of Strategy in a report on Friday, July 31st. Credit Suisse Group set a $250.00 target price on shares of Strategy in a report on Tuesday, June 30th. Mizuho dropped their price target on shares of Strategy from $265.00 to $213.00 and set an “outperform” rating for the company in a research report on Tuesday, July 7th. Cantor Fitzgerald decreased their price target on shares of Strategy from $212.00 to $186.00 and set an “overweight” rating on the stock in a report on Monday. Finally, TD Cowen lowered their price objective on shares of Strategy from $400.00 to $260.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $242.81.

Strategy Stock Performance

Strategy stock opened at $98.37 on Monday. The firm has a market capitalization of $34.47 billion, a P/E ratio of -1.01 and a beta of 3.54. The stock has a fifty day moving average price of $106.67 and a 200 day moving average price of $133.20. Strategy has a 52 week low of $81.81 and a 52 week high of $414.36. The company has a current ratio of 5.39, a quick ratio of 6.05 and a debt-to-equity ratio of 0.22.

Strategy (NASDAQ:MSTR) last issued its quarterly earnings results on Friday, July 31st. The software maker reported ($24.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.19) by ($22.26). The business had revenue of $122.37 million during the quarter, compared to analyst estimates of $122.90 million. Strategy had a negative return on equity of 74.18% and a negative net margin of 6,102.95%.The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business posted $32.52 earnings per share. Equities research analysts anticipate that Strategy will post 57.47 earnings per share for the current year.

Insider Activity at Strategy

In other Strategy news, CEO Phong Le sold 93,738 shares of Strategy stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $118.73, for a total transaction of $11,129,512.74. Following the transaction, the chief executive officer directly owned 119,925 shares of the company’s stock, valued at $14,238,695.25. The trade was a 43.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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 the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $154.94, for a total transaction of $2,331,847.00. Following the completion of the sale, the director directly owned 28,000 shares of the company’s stock, valued at $4,338,320. The trade was a 34.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have acquired 11,166 shares of company stock worth $1,014,265 and have sold 181,422 shares worth $23,144,128. 6.49% of the stock is currently owned by insiders.

Institutional Trading of Strategy

Large investors have recently added to or reduced their stakes in the stock. Capital International Investors boosted its holdings in Strategy by 37.3% in the 4th quarter. Capital International Investors now owns 20,614,868 shares of the software maker’s stock worth $3,132,460,000 after acquiring an additional 5,600,573 shares during the period. Vanguard Group Inc. grew its position in Strategy by 21.0% in the fourth quarter. Vanguard Group Inc. now owns 24,062,886 shares of the software maker’s stock valued at $3,656,356,000 after acquiring an additional 4,178,611 shares in the last quarter. Amundi raised 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 purchasing an additional 3,779,340 shares during the period. Norges Bank purchased a new stake in shares of Strategy during the fourth quarter valued at approximately $536,140,000. Finally, Capital Research Global Investors lifted its position in shares of Strategy by 66.7% during the fourth quarter. Capital Research Global Investors now owns 7,008,535 shares of the software maker’s stock worth $1,064,963,000 after purchasing an additional 2,803,277 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

More Strategy News

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: CEO Phong Le said Strategy expects to outperform Bitcoin during the next bull market, portraying the company as a financial-services platform for the crypto economy rather than simply a Bitcoin holder. Strategy CEO Phong Le: We’re the JPMorgan of Crypto
• Positive Sentiment: Strategy’s STRC preferred shares have recovered as the company builds cash reserves and repurchases preferred stock, easing concerns about near-term dividend and balance-sheet pressure. Strategy’s Preferred Stock Recovers As Company Builds Cash Reserve
• Positive Sentiment: Management has approved potentially multi-billion-dollar Bitcoin sales to fund MSTR share repurchases and preferred-stock dividends. Buybacks could support the common stock and improve capital-market flexibility, although they reduce the company’s Bitcoin holdings. Strategy Approved a Multi-Billion Dollar Bitcoin Sale
• Neutral Sentiment: Strategy is tracking Bitcoin’s key long-term technical support level, highlighting the importance of Bitcoin’s roughly $64,000 area for the value of its treasury and MSTR’s equity premium. Strategy Begins Tracking Bitcoin’s Key Long-Term Technical Level
• Negative Sentiment: Strategy recently sold 1,638 Bitcoin for approximately $104.7 million to fund dividends and repurchases. The sale provides liquidity but may worry investors that the company is sacrificing future Bitcoin upside or signaling pressure on its financing model. Strategy Sells More Bitcoin
• Negative Sentiment: A wallet linked to Strategy moved another 1,030 BTC after the reported sale; no additional sale was confirmed, but the transfer renewed speculation about further selling. Strategy Linked Wallet Moves 1,030 BTC
• Negative Sentiment: Bitcoin remains near $64,000 amid security concerns and geopolitical uncertainty, creating pressure for the highly volatile, Bitcoin-sensitive MSTR shares. Cantor Fitzgerald and B. Riley also issued pessimistic forecasts for Strategy’s stock. Bitcoin Hovers Near $64,000

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.