Strategy (NASDAQ:MSTR) Shares Up 4.7% - Should You Buy?

Strategy Incorporated (NASDAQ:MSTR - Get Free Report) rose 4.7% during trading on Wednesday . The stock traded as high as $257.07 and last traded at $249.08. Approximately 8,941,610 shares changed hands during trading, a decline of 50% from the average daily volume of 17,867,220 shares. The stock had previously closed at $237.95.

Analysts Set New Price Targets

MSTR has been the subject of a number of analyst reports. Barclays decreased their price target on Strategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Cantor Fitzgerald boosted their target price on shares of Strategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Compass Point upgraded shares of Strategy to a "strong-buy" rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods assumed coverage on shares of Strategy in a research note on Friday, February 7th. They set an "outperform" rating and a $560.00 price objective on the stock. Finally, Maxim Group raised their target price on shares of Strategy from $480.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Strategy currently has an average rating of "Moderate Buy" and an average price target of $508.09.

Strategy Stock Performance

The company has a market cap of $77.20 billion, a P/E ratio of -53.25 and a beta of 3.46. The stock has a 50 day moving average price of $295.80 and a two-hundred day moving average price of $305.67. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39.

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Strategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($3.07). Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Insiders Place Their Bets

In other news, CAO Jeanine Montgomery sold 481 shares of Strategy stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $329.27, for a total value of $158,378.87. Following the completion of the sale, the chief accounting officer now directly owns 7,805 shares in the company, valued at approximately $2,569,952.35. The trade was a 5.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Phong Le purchased 6,000 shares of Strategy stock in a transaction that occurred on Thursday, March 20th. The shares were bought at an average cost of $85.00 per share, for a total transaction of $510,000.00. Following the transaction, the chief executive officer now directly owns 6,000 shares of the company's stock, valued at $510,000. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 8,000 shares of company stock worth $680,000 and sold 22,998 shares worth $7,671,926. Corporate insiders own 9.16% of the company's stock.

Institutional Investors Weigh In On Strategy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Maryland State Retirement & Pension System raised its position in shares of Strategy by 0.3% in the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker's stock valued at $2,604,000 after buying an additional 30 shares in the last quarter. Family Management Corp raised its position in Strategy by 2.2% during the fourth quarter. Family Management Corp now owns 1,370 shares of the software maker's stock valued at $397,000 after purchasing an additional 30 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its stake in Strategy by 3.2% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker's stock worth $324,000 after purchasing an additional 35 shares during the last quarter. Oder Investment Management LLC boosted its holdings in shares of Strategy by 3.1% in the 4th quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker's stock valued at $367,000 after purchasing an additional 38 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of Strategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker's stock valued at $41,000 after purchasing an additional 39 shares during the last quarter. 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.