HC Wainwright Cuts Strategy (NASDAQ:MSTR) Price Target to $475.00

Strategy (NASDAQ:MSTR) had its price objective trimmed by HC Wainwright from $521.00 to $475.00 in a report issued on Monday, Marketbeat reports. The firm currently has a buy rating on the software maker’s stock.

A number of other equities analysts also recently weighed in on the company. China Renaissance assumed coverage on Strategy in a research note on Wednesday, October 15th. They issued a “buy” rating and a $473.00 target price on the stock. Canaccord Genuity Group reiterated a “buy” rating and set a $464.00 price target on shares of Strategy in a report on Tuesday, August 26th. Benchmark reissued a “buy” rating on shares of Strategy in a research report on Friday, October 31st. Monness Crespi & Hardt set a $175.00 price objective on Strategy and gave the company a “sell” rating in a research note on Tuesday, October 28th. Finally, BTIG Research lowered their target price on Strategy from $700.00 to $630.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Strategy presently has an average rating of “Moderate Buy” and an average target price of $485.80.

Strategy Price Performance

MSTR opened at $255.00 on Monday. Strategy has a 1 year low of $231.51 and a 1 year high of $543.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market capitalization of $72.31 billion, a price-to-earnings ratio of 22.45 and a beta of 3.87. The firm’s fifty day moving average price is $313.81 and its two-hundred day moving average price is $361.94.

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

Insiders Place Their Bets

In other Strategy news, EVP Wei-Ming Shao sold 30,000 shares of Strategy stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $357.37, for a total transaction of $10,721,100.00. Following the completion of the transaction, the executive vice president owned 12,726 shares of the company’s stock, valued at $4,547,890.62. The trade was a 70.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gregg Winiarski purchased 10,000 shares of the stock in a transaction dated Friday, August 8th. The stock was purchased at an average cost of $97.65 per share, for a total transaction of $976,500.00. Following the completion of the acquisition, the director owned 10,000 shares of the company’s stock, valued at approximately $976,500. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 46,399 shares of company stock worth $4,515,720 in the last quarter. 8.46% of the stock is owned by company insiders.

Institutional Investors Weigh In On Strategy

Several large investors have recently added to or reduced their stakes in MSTR. SJS Investment Consulting Inc. increased its stake in Strategy by 25.8% in the 2nd quarter. SJS Investment Consulting Inc. now owns 117 shares of the software maker’s stock worth $47,000 after acquiring an additional 24 shares during the last quarter. Mutual Advisors LLC increased its position in shares of Strategy by 2.0% in the second quarter. Mutual Advisors LLC now owns 1,350 shares of the software maker’s stock worth $548,000 after purchasing an additional 27 shares during the last quarter. Bernardo Wealth Planning LLC raised its stake in Strategy by 3.9% in the second quarter. Bernardo Wealth Planning LLC now owns 772 shares of the software maker’s stock valued at $312,000 after purchasing an additional 29 shares in the last quarter. Smith Anglin Financial LLC lifted its position in Strategy by 1.2% during the second quarter. Smith Anglin Financial LLC now owns 2,537 shares of the software maker’s stock valued at $1,025,000 after purchasing an additional 30 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC grew its stake in Strategy by 2.7% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,163 shares of the software maker’s stock worth $470,000 after buying an additional 31 shares in the last quarter. Institutional investors own 59.84% of the company’s stock.

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.