Strategy (NASDAQ:MSTR) Price Target Raised to $195.00

Strategy (NASDAQ:MSTR) had its price target upped by B. Riley Financial from $175.00 to $195.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. B. Riley Financial’s price target points to a potential upside of 15.57% from the company’s current price.

MSTR has been the subject of several other research reports. Canaccord Genuity Group upped their price objective on Strategy from $175.00 to $179.00 and gave the company a “buy” rating in a report on Tuesday, September 8th. Weiss Ratings cut shares of Strategy from a “hold (c)” rating to a “sell (d)” rating in a research report on Tuesday, August 4th. Barclays reissued an “overweight” rating and issued a $160.00 price target (up from $125.00) on shares of Strategy in a report on Tuesday, September 15th. Citigroup restated a “buy” rating and set a $136.00 price objective (down from $260.00) on shares of Strategy in a research report on Tuesday, June 30th. Finally, TD Cowen lowered their price objective on shares of Strategy from $400.00 to $260.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $239.88.

Strategy Price Performance

Shares of MSTR stock traded up $0.23 during midday trading on Tuesday, reaching $168.73. 11,143,493 shares of the company were exchanged, compared to its average volume of 21,839,438. The company’s 50 day moving average price is $113.31 and its two-hundred day moving average price is $128.93. The company has a market cap of $64.83 billion, a P/E ratio of -1.73 and a beta of 3.59. Strategy has a 12 month low of $81.81 and a 12 month high of $365.21. The company has a debt-to-equity ratio of 0.22, a quick ratio of 5.39 and a current ratio of 5.39.

Strategy (NASDAQ:MSTR) last announced its earnings results on Friday, July 31st. The software maker reported ($24.45) EPS for the quarter, missing the consensus estimate of ($2.19) by ($22.26). The firm had revenue of $122.37 million for the quarter, compared to the consensus estimate of $122.90 million. Strategy had a negative return on equity of 74.18% and a negative net margin of 6,102.95%.Strategy’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $32.52 EPS. On average, sell-side analysts expect that Strategy will post -23.74 earnings per share for the current year.

Insider Activity

In other news, Director Jarrod Patten sold 1,850 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $130.00, for a total transaction of $240,500.00. Following the completion of the sale, the director directly owned 28,406 shares of the company’s stock, valued at $3,692,780. This represents a 6.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold 9,450 shares of company stock worth $1,073,769 over the last quarter. 6.49% of the stock is owned by insiders.

Institutional Trading of Strategy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Capital International Investors increased its holdings in shares of Strategy by 37.3% in the 4th quarter. Capital International Investors now owns 20,614,868 shares of the software maker’s stock valued at $3,132,460,000 after purchasing an additional 5,600,573 shares during the period. Capital Research Global Investors grew its position in Strategy by 66.7% during the fourth quarter. Capital Research Global Investors now owns 7,008,535 shares of the software maker’s stock valued at $1,064,963,000 after purchasing an additional 2,803,277 shares in the last quarter. Bank of America Corp DE increased its stake in Strategy by 3.1% in the 1st quarter. Bank of America Corp DE now owns 3,965,680 shares of the software maker’s stock valued at $494,917,000 after buying an additional 117,374 shares during the period. Geode Capital Management LLC increased its stake in Strategy by 4.7% in the 4th quarter. Geode Capital Management LLC now owns 3,911,499 shares of the software maker’s stock valued at $592,832,000 after buying an additional 175,343 shares during the period. Finally, Norges Bank purchased a new stake in Strategy in the 4th quarter worth approximately $536,140,000. Institutional investors and hedge funds own 59.84% of the company’s stock.

Key Strategy News

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Bitcoin climbed above $85,000-$87,000, reaching its highest level in roughly eight months. The rally, supported by strong spot Bitcoin ETF inflows and short liquidations, increased the market value of Strategy’s cryptocurrency holdings and lifted crypto-linked equities. Strategy’s Stock Has Soared 40% in the Past Month as It’s Buying Bitcoins Again
• Positive Sentiment: Strategy resumed Bitcoin purchases after a two-week pause, acquiring 950 BTC for approximately $75.7 million at an average price of $79,670. Its holdings now total 846,000 BTC, purchased for about $63.8 billion. At recent Bitcoin prices, the company’s unrealized gain on the holdings was estimated at approximately $8 billion. Strategy buys 950 Bitcoin for $76M, repurchases $174M in STRC
• Positive Sentiment: The company also repurchased approximately $174 million of its STRC preferred stock and sold no common shares through its at-the-market program during the week ended September 20. The absence of common-stock issuance reduces near-term dilution concerns while the buyback signals capital-structure support. Strategy Buys 950 Bitcoin for $75.7 Million
• Neutral Sentiment: Strategy’s market capitalization reportedly expanded by about 80% over three months, while its share price rose roughly 54%, highlighting strong momentum but also a valuation increasingly dependent on Bitcoin prices and investor appetite for its premium to net asset value. Strategy’s Market Cap Soared 80% in 3 Months; The Stock Rose 54%
• Negative Sentiment: Volatility remains elevated: crypto-linked shares slipped at times despite Bitcoin’s advance as more than $800 million in crypto positions were liquidated. Strategy’s high beta and substantial Bitcoin concentration leave MSTR vulnerable to rapid reversals, financing concerns and declines in Bitcoin. MSTR, COIN, CRCL Stocks Slip Despite Bitcoin Rally Above $86K

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.