Strategy (NASDAQ:MSTR) Given New $130.00 Price Target at Canaccord Genuity Group

Strategy (NASDAQ:MSTR) had its price objective reduced by equities researchers at Canaccord Genuity Group from $163.00 to $130.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the software maker’s stock. Canaccord Genuity Group’s price target suggests a potential upside of 40.27% from the stock’s previous close.

A number of other research analysts have also recently weighed in on MSTR. Texas Capital upgraded shares of Strategy to a “strong-buy” rating in a research report on Thursday, March 19th. Citigroup restated a “buy” rating on shares of Strategy in a report on Tuesday. B. Riley Financial lifted their price target on shares of Strategy from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Monness Crespi & Hardt reiterated a “neutral” rating on shares of Strategy in a report on Tuesday, June 2nd. Finally, BTIG Research reissued a “buy” rating and issued a $350.00 price objective (up from $250.00) on shares of Strategy in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $311.57.

Strategy Stock Performance

NASDAQ MSTR opened at $92.68 on Tuesday. The company has a market cap of $32.48 billion, a P/E ratio of -2.31 and a beta of 3.50. The company has a debt-to-equity ratio of 0.22, a quick ratio of 6.05 and a current ratio of 6.05. The business’s 50 day moving average price is $147.65 and its 200-day moving average price is $146.08. Strategy has a fifty-two week low of $81.81 and a fifty-two week high of $457.22.

Strategy (NASDAQ:MSTR) last released its quarterly earnings results on Tuesday, May 5th. The software maker reported ($38.25) earnings per share for the quarter, missing the consensus estimate of ($0.86) by ($37.39). The company had revenue of $124.30 million for the quarter, compared to analysts’ expectations of $120.75 million. Strategy had a negative net margin of 2,482.01% and a negative return on equity of 26.97%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($16.49) EPS. Sell-side analysts predict that Strategy will post 116.7 earnings per share for the current year.

Insider Buying and Selling at Strategy

In other Strategy news, Director Jarrod M. Patten sold 15,050 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $154.94, for a total value of $2,331,847.00. Following the sale, the director owned 28,000 shares in the company, valued at $4,338,320. This trade represents a 34.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Andrew Kang sold 33,062 shares of Strategy stock in a transaction on Friday, June 5th. The stock was sold at an average price of $118.73, for a total value of $3,925,451.26. Following the sale, the chief financial officer owned 68,733 shares of the company’s stock, valued at approximately $8,160,669.09. This trade represents a 32.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have acquired 11,166 shares of company stock valued at $1,014,265 and have sold 193,622 shares valued at $25,189,621. 6.49% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Strategy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital International Investors boosted its position in 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 buying an additional 5,600,573 shares during the period. Vanguard Group Inc. raised its stake in shares of Strategy by 21.0% during the fourth quarter. Vanguard Group Inc. now owns 24,062,886 shares of the software maker’s stock valued at $3,656,356,000 after acquiring an additional 4,178,611 shares in the last quarter. Amundi raised its stake in shares of Strategy by 373.7% during the fourth quarter. Amundi now owns 4,790,702 shares of the software maker’s stock valued at $727,947,000 after acquiring an additional 3,779,340 shares in the last quarter. Norges Bank bought a new stake in shares of Strategy during the fourth quarter valued at approximately $536,140,000. Finally, Capital Research Global Investors boosted its holdings in shares of Strategy by 66.7% in 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 during the period. Institutional investors own 59.84% of the company’s stock.

Strategy News Summary

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Authorizes up to $1.25 billion of Bitcoin sales, but only to build and replenish cash reserves and fund obligations, which reduces near-term liquidity concerns. Strategy Authorizes Up to $1.25 Billion in Bitcoin Sales, Launches $2 Billion Buyback Programs and Strengthens Cash Reserve
• Positive Sentiment: Launches separate repurchase programs of up to $1 billion each for common stock and preferred securities, signaling management believes the shares are undervalued. Strategy shares jump after unveiling framework that could allow Bitcoin sales
• Positive Sentiment: Raises the STRC preferred dividend rate to 12% and says its roughly $2.55 billion cash reserve covers about 17 months of preferred dividends and interest, easing concerns about funding pressure. Strategy opens the door to selling bitcoin under new capital plan. Here’s what it means
• Neutral Sentiment: Management is trying to reposition Strategy from a pure Bitcoin accumulator into a more flexible capital-management story, which may help sentiment but also changes the investment case. Strategy Adopts Framework Covering USD Reserve Policy, Dividends, Repurchases, BTC Monetization
• Negative Sentiment: The announcement also reinforces that the company may need to monetize Bitcoin to support dividends and buybacks, which highlights pressure on its funding model and has sparked criticism that Strategy is becoming a “Bitcoin seller.” Strategy can now sell bitcoin to buy back stock — the opposite of what it’s been doing
• Negative Sentiment: Broader crypto weakness and reports that Strategy’s valuation has fallen below the value of its Bitcoin holdings continue to weigh on confidence in the stock’s long-term “Bitcoin treasury” premium. Strategy’s valuation falls below bitcoin holdings as crypto sentiment sours

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.