Cantor Fitzgerald Cuts Strategy (NASDAQ:MSTR) Price Target to $186.00

Strategy (NASDAQ:MSTR) had its price target lowered by Cantor Fitzgerald from $212.00 to $186.00 in a research note released on Monday, MarketBeat.com reports. The brokerage currently has an overweight rating on the software maker’s stock.

Several other equities research analysts have also recently weighed in on the company. TD Cowen reduced their price target on Strategy from $400.00 to $260.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Strategy in a research report on Wednesday, June 24th. Citigroup reaffirmed a “buy” rating and issued a $136.00 target price (down from $260.00) on shares of Strategy in a research report on Tuesday, June 30th. Mizuho lowered 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. Finally, HC Wainwright reissued a “buy” rating on shares of Strategy in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $242.81.

Strategy Stock Performance

Shares of MSTR opened at $98.37 on Monday. The company has a 50-day simple moving average of $106.67 and a two-hundred day simple moving average of $133.20. The company has a debt-to-equity ratio of 0.22, a current ratio of 5.39 and a quick ratio of 6.05. The firm has a market capitalization of $34.47 billion, a PE ratio of -1.01 and a beta of 3.54. Strategy has a one year low of $81.81 and a one year high of $414.36.

Strategy (NASDAQ:MSTR) last posted its earnings results on Friday, July 31st. The software maker reported ($24.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.19) by ($22.26). The firm had revenue of $122.37 million for the quarter, compared to analysts’ expectations 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 revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the company posted $32.52 EPS. On average, analysts anticipate that Strategy will post 57.47 EPS for the current fiscal year.

Insider Buying and Selling at Strategy

In other news, CEO Phong Le sold 93,738 shares of Strategy stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $118.73, for a total value of $11,129,512.74. Following the completion of the transaction, the chief executive officer owned 119,925 shares of the company’s stock, valued at $14,238,695.25. The trade was a 43.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $154.94, for a total transaction of $2,331,847.00. Following the sale, the director owned 28,000 shares of the company’s stock, valued at approximately $4,338,320. This represents a 34.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders purchased 11,166 shares of company stock worth $1,014,265 and sold 181,422 shares worth $23,144,128. 6.49% of the stock is owned by company insiders.

Institutional Investors Weigh In On Strategy

A number of institutional investors have recently made changes to their positions in the company. Binnacle Investments Inc lifted its position in Strategy by 492.9% in the 2nd quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock valued at $34,000 after acquiring an additional 69 shares in the last quarter. Wealth Watch Advisors INC purchased a new stake in Strategy during the 3rd quarter valued at $44,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Strategy in the 4th quarter worth $25,000. Dogwood Wealth Management LLC increased its holdings in shares of Strategy by 280.0% in the 4th quarter. Dogwood Wealth Management LLC now owns 190 shares of the software maker’s stock worth $29,000 after purchasing an additional 140 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in shares of Strategy in the second quarter worth $77,000. Hedge funds and other institutional investors own 59.84% of the company’s stock.

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.