Strategy (NASDAQ:MSTR) Trading 2.9% Higher – Here’s What Happened

Shares of Strategy Inc (NASDAQ:MSTR) traded up 2.9% during trading on Tuesday . The stock traded as high as $198.40 and last traded at $188.99. 23,929,606 shares traded hands during trading, an increase of 59% from the average session volume of 15,058,255 shares. The stock had previously closed at $183.69.

Analyst Ratings Changes

Several analysts have weighed in on the stock. China Renaissance assumed coverage on shares of Strategy in a research note on Wednesday, October 15th. They issued a “buy” rating and a $473.00 price target for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Strategy in a report on Tuesday. Cantor Fitzgerald reissued an “overweight” rating on shares of Strategy in a research note on Friday, December 5th. Citigroup assumed coverage on Strategy in a research report on Tuesday, October 21st. They set a “buy” rating and a $485.00 price target on the stock. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $54.00 price objective (down previously from $65.00) on shares of Strategy in a research report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Strategy presently has an average rating of “Moderate Buy” and a consensus target price of $475.80.

Strategy Price Performance

The business’s 50 day moving average price is $242.56 and its two-hundred day moving average price is $327.31. The stock has a market cap of $52.67 billion, a P/E ratio of 8.53 and a beta of 3.40. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.16.

Strategy (NASDAQ:MSTR) last released its quarterly earnings results on Thursday, October 30th. The software maker reported $8.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $8.52. The company had revenue of $128.69 million during the quarter, compared to the consensus estimate of $116.65 million. Strategy had a net margin of 1,667.09% and a return on equity of 20.98%. Strategy’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm 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 the firm’s stock in a transaction on Friday, November 21st. The stock was acquired at an average price of $95.28 per share, for a total transaction of $104,808.00. Following the completion of the acquisition, the director owned 2,600 shares in the company, valued at $247,728. This trade represents a 73.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jarrod M. Patten bought 12,000 shares of the company’s stock in a transaction dated Friday, October 17th. The shares were acquired at an average price of $96.88 per share, for a total transaction of $1,162,560.00. Following the acquisition, the director owned 29,335 shares in the company, valued at approximately $2,841,974.80. This represents a 69.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders bought 37,380 shares of company stock worth $3,632,719 and sold 53,177 shares worth $17,122,166. 8.46% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Strategy

Several hedge funds have recently bought and sold shares of the business. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Strategy during the third quarter valued at approximately $32,000. Quent Capital LLC bought a new position in Strategy during the 3rd quarter valued at approximately $33,000. Binnacle Investments Inc increased its position in Strategy by 492.9% during the 2nd quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock valued at $34,000 after buying an additional 69 shares in the last quarter. MCF Advisors LLC purchased a new position in Strategy during the second quarter valued at $35,000. Finally, Maseco LLP bought a new stake in Strategy in the second quarter worth $36,000. Institutional investors own 59.84% of the company’s stock.

About Strategy

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.