Strategy (NASDAQ:MSTR) Trading Up 3.9% – What’s Next?

Strategy Inc (NASDAQ:MSTR)’s share price was up 3.9% during mid-day trading on Wednesday . The stock traded as high as $190.44 and last traded at $188.39. Approximately 25,836,581 shares were traded during trading, an increase of 73% from the average daily volume of 14,976,608 shares. The stock had previously closed at $181.33.

Wall Street Analyst Weigh In

MSTR has been the subject of several research reports. Canaccord Genuity Group increased their price target on shares of Strategy from $464.00 to $474.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Cowen restated a “buy” rating on shares of Strategy in a research note on Friday, October 31st. BTIG Research dropped their price objective on Strategy from $700.00 to $630.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. China Renaissance began coverage on Strategy in a report on Wednesday, October 15th. They set a “buy” rating and a $473.00 price objective for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Strategy in a research report on Wednesday, October 8th. 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $485.80.

Strategy Trading Up 3.9%

The firm has a 50-day simple moving average of $262.14 and a 200-day simple moving average of $336.91. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.16. The stock has a market cap of $54.13 billion, a PE ratio of 8.76 and a beta of 3.40.

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

Insider Activity

In other news, Director Jane A. Dietze acquired 1,100 shares of Strategy stock in a transaction that occurred on Friday, November 21st. The stock was bought at an average price of $95.28 per share, with a total value of $104,808.00. Following the completion of the purchase, the director 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 purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jarrod M. Patten bought 12,000 shares of the firm’s stock in a transaction that occurred on Friday, October 17th. The shares were purchased at an average cost of $96.88 per share, for a total transaction of $1,162,560.00. Following the acquisition, the director directly owned 29,335 shares in the company, valued at $2,841,974.80. This trade represents a 69.22% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have purchased 37,380 shares of company stock worth $3,632,719 and have sold 53,177 shares worth $17,122,166. Company insiders own 8.46% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Strategy in the second quarter worth $1,203,062,000. Amundi grew its position in Strategy by 378.9% during the second quarter. Amundi now owns 1,783,982 shares of the software maker’s stock worth $717,660,000 after buying an additional 1,411,500 shares in the last quarter. Vanguard Group Inc. increased its stake in Strategy by 7.3% in the 3rd 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 last quarter. Capital Research Global Investors raised 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 valued at $1,354,982,000 after acquiring an additional 1,057,804 shares in the last quarter. Finally, Harvest Portfolios Group Inc. raised its holdings in shares of Strategy by 119.0% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 1,550,520 shares of the software maker’s stock valued at $499,593,000 after acquiring an additional 842,480 shares in the last quarter. 59.84% of the stock is currently 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.