Monness Crespi & Hardt Upgrades Strategy (NASDAQ:MSTR) to “Neutral”

Strategy (NASDAQ:MSTR) was upgraded by analysts at Monness Crespi & Hardt from a “sell” rating to a “neutral” rating in a research note issued to investors on Monday,Finviz reports.

Other equities research analysts have also recently issued reports about the company. Citigroup started coverage on Strategy in a research note on Tuesday, October 21st. They set a “buy” rating and a $485.00 price objective on the stock. Benchmark reissued a “buy” rating on shares of Strategy in a research report on Friday, October 31st. BTIG Research decreased their price target on Strategy from $700.00 to $630.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $54.00 price objective (down from $65.00) on shares of Strategy in a research note on Tuesday, September 30th. Finally, TD Cowen cut their price objective on shares of Strategy from $620.00 to $535.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $485.80.

Strategy Price Performance

Strategy stock opened at $241.93 on Monday. Strategy has a 52-week low of $219.68 and a 52-week high of $543.00. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. The firm’s fifty day moving average is $309.93 and its 200 day moving average is $360.77. The company has a market cap of $68.60 billion, a price-to-earnings ratio of 21.30 and a beta of 3.87.

Strategy (NASDAQ:MSTR) last posted its earnings results on Thursday, October 30th. The software maker reported $8.42 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $8.53. The firm had revenue of $128.69 million for the quarter, compared to the consensus estimate of $116.76 million. Strategy had a net margin of 1,036.61% and a return on equity of 18.83%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.56) EPS. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insider Buying and Selling at Strategy

In other Strategy news, Director Jarrod M. Patten acquired 12,000 shares of the business’s stock in a transaction on Friday, October 17th. The shares were bought at an average price of $96.88 per share, with a total value of $1,162,560.00. Following the transaction, the director directly owned 29,335 shares of the company’s stock, valued at $2,841,974.80. The trade was a 69.22% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Wei-Ming Shao sold 30,000 shares of Strategy stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $357.37, for a total value of $10,721,100.00. Following the sale, the executive vice president owned 12,726 shares of the company’s stock, valued at approximately $4,547,890.62. This trade represents a 70.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders acquired a total of 36,399 shares of company stock worth $3,539,220 in the last ninety days. 8.46% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Strategy

Several large investors have recently added to or reduced their stakes in MSTR. Vanguard Group Inc. increased its position in shares of Strategy by 7.3% during the third quarter. Vanguard Group Inc. now owns 19,884,275 shares of the software maker’s stock worth $6,406,912,000 after acquiring an additional 1,344,519 shares during the period. State Street Corp boosted its holdings in shares of Strategy by 9.9% in the second quarter. State Street Corp now owns 5,484,569 shares of the software maker’s stock valued at $2,217,027,000 after purchasing an additional 495,278 shares during the period. Norges Bank bought a new position in Strategy in the second quarter worth approximately $1,203,062,000. Amundi increased its holdings in Strategy by 378.9% during the 2nd quarter. Amundi now owns 1,783,982 shares of the software maker’s stock worth $717,660,000 after purchasing an additional 1,411,500 shares during the period. Finally, Invesco Ltd. raised its position in Strategy by 14.0% during the 2nd quarter. Invesco Ltd. now owns 1,398,098 shares of the software maker’s stock valued at $565,153,000 after purchasing an additional 171,940 shares in the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

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.