Strategy’s (MSTR) Overweight Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of Strategy (NASDAQ:MSTR) in a research note published on Monday morning,Benzinga reports. The firm currently has a $208.00 target price on the software maker’s stock.

Other equities analysts also recently issued research reports about the company. Sanford C. Bernstein reiterated an “outperform” rating and set a $350.00 price target (down from $450.00) on shares of Strategy in a research note on Wednesday, August 26th. B. Riley Financial decreased their price objective on Strategy from $195.00 to $180.00 and set a “buy” rating for the company in a report on Tuesday, November 3rd. Benchmark reissued a “buy” rating and issued a $435.00 price objective (down from $570.00) on shares of Strategy in a research note on Monday, July 27th. Wall Street Zen upgraded Strategy from a “sell” rating to a “hold” rating in a report on Saturday, November 7th. Finally, Mizuho set a $165.00 target price on Strategy in a report on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $244.79.

Strategy Stock Up 1.1%

Strategy stock opened at $122.35 on Monday. The firm has a market capitalization of $51.68 billion, a price-to-earnings ratio of -2.01 and a beta of 3.60. The firm’s fifty day moving average price is $144.10 and its two-hundred day moving average price is $132.97. Strategy has a 1-year low of $81.81 and a 1-year high of $234.84. The company has a current ratio of 4.04, a quick ratio of 4.04 and a debt-to-equity ratio of 0.10.

Strategy (NASDAQ:MSTR) last posted its earnings results on Thursday, October 29th. The software maker reported $44.75 EPS for the quarter, topping the consensus estimate of $20.19 by $24.56. Strategy had a negative net margin of 2,760.33% and a negative return on equity of 32.71%. The company had revenue of $125.43 million during the quarter, compared to the consensus estimate of $127.76 million. During the same period in the previous year, the firm posted $8.42 earnings per share. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, equities research analysts predict that Strategy will post -13.01 earnings per share for the current fiscal year.

Insider Activity at Strategy

In related news, Director Jarrod Patten sold 4,750 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $141.00, for a total transaction of $669,750.00. Following the transaction, the director directly owned 28,406 shares of the company’s stock, valued at $4,005,246. This trade represents a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 14,950 shares of company stock valued at $2,113,106 in the last three months. Corporate insiders own 5.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its stake in Strategy by 7.2% in the 2nd quarter. State Street Corp now owns 7,527,561 shares of the software maker’s stock valued at $654,371,000 after buying an additional 506,635 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of 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 worth $494,917,000 after buying an additional 117,374 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Strategy by 122.6% in the 1st quarter. Renaissance Technologies LLC now owns 2,130,881 shares of the software maker’s stock worth $265,934,000 after buying an additional 1,173,549 shares during the last quarter. Public Sector Pension Investment Board bought a new position in shares of Strategy in the third quarter valued at approximately $153,651,000. Finally, National Pension Service grew its holdings in shares of Strategy by 10.4% in the second quarter. National Pension Service now owns 907,442 shares of the software maker’s stock valued at $78,884,000 after acquiring an additional 85,457 shares in the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Strategy

Investors following MSTR have been watching these headlines:

• Positive Sentiment: Cantor Fitzgerald sees about 66% upside, with a $208 price target, providing a bullish analyst view amid recent share-price weakness. Cantor Fitzgerald Sees 66% Upside in Strategy
• Positive Sentiment: Fidelity reportedly tripled its MSTR position to $156 million in the third quarter, signaling increased investment by a major institution. Fidelity triples its Strategy stake
• Negative Sentiment: Bitcoin was reported below Strategy’s average purchase cost, leaving its large holdings underwater at the time of the report. That increases sensitivity to further Bitcoin declines and could complicate future funding decisions. Bitcoin below Strategy’s average cost

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.