TD Cowen Issues Pessimistic Forecast for Strategy (NASDAQ:MSTR) Stock Price
TD Cowen has lowered its price target for Strategy (NASDAQ:MSTR) from $620.00 to $535.00 while maintaining a "buy" rating. This suggests a potential upside of 97.34% from the stock's previous close. Other brokerages have varied opinions, with one setting a sell rating at $175.00 and another raising their target to $586.00. The stock recently traded at $271.11, up 6.5%, with a market cap of $76.87 billion. Strategy reported strong quarterly earnings, exceeding estimates with $8.42 EPS and $128.69 million in revenue, up 10.9% year-over-year.
Strategy (NASDAQ:MSTR - Get Free Report) had its price target dropped by equities researchers at TD Cowen from $620.00 to $535.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the software maker's stock. TD Cowen's price target suggests a potential upside of 97.34% from the stock's previous close.
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Several other brokerages also recently issued reports on MSTR. Monness Crespi & Hardt set a $175.00 price target on Strategy and gave the stock a "sell" rating in a report on Tuesday. Benchmark restated a "buy" rating on shares of Strategy in a research note on Wednesday, August 13th. Cowen restated a "buy" rating on shares of Strategy in a research note on Friday. Weiss Ratings restated a "hold (c)" rating on shares of Strategy in a research note on Wednesday, October 8th. Finally, Mizuho upped their price objective on Strategy from $563.00 to $586.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $485.47.
Check Out Our Latest Stock Report on MSTR
Strategy Stock Up 6.5%
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Shares of NASDAQ MSTR traded up $16.54 during midday trading on Friday, hitting $271.11. 6,681,582 shares of the stock traded hands, compared to its average volume of 14,411,247. The business has a 50 day moving average price of $320.98 and a two-hundred day moving average price of $363.12. Strategy has a one year low of $220.82 and a one year high of $543.00. The company has a market cap of $76.87 billion, a PE ratio of 23.98 and a beta of 3.83. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68.
Strategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The software maker reported $8.42 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $8.53. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.The business had revenue of $128.69 million during the quarter, compared to the consensus estimate of $116.76 million. During the same quarter in the prior year, the company posted ($1.56) earnings per share. Strategy's revenue was up 10.9% compared to the same quarter last year. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.
Insider Transactions at Strategy
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In related news, Director Gregg Winiarski purchased 10,000 shares of Strategy stock in a transaction that occurred on Friday, August 8th. The shares were acquired at an average cost of $97.65 per share, for a total transaction of $976,500.00. Following the transaction, the director directly owned 10,000 shares in the company, valued at $976,500. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andrew Kang sold 18,750 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $395.00, for a total value of $7,406,250.00. Following the transaction, the chief financial officer owned 24,460 shares in the company, valued at approximately $9,661,700. The trade was a 43.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have bought 46,399 shares of company stock valued at $4,515,720 and have sold 65,000 shares valued at $24,099,750. 8.46% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Strategy
Several institutional investors and hedge funds have recently bought and sold shares of MSTR. Quent Capital LLC purchased a new stake in Strategy in the 3rd quarter worth approximately $33,000. Binnacle Investments Inc lifted its holdings in Strategy by 492.9% in the 2nd quarter. Binnacle Investments Inc now owns 83 shares of the software maker's stock worth $34,000 after buying an additional 69 shares during the period. MCF Advisors LLC purchased a new stake in Strategy in the 2nd quarter worth approximately $35,000. Maseco LLP purchased a new stake in Strategy in the 2nd quarter worth approximately $36,000. Finally, SOA Wealth Advisors LLC. lifted its stake in shares of Strategy by 44.4% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 117 shares of the software maker's stock valued at $38,000 after purchasing an additional 36 shares during the period. Hedge funds and other institutional investors own 59.84% of the company's stock.
Strategy Company Profile
(Get Free Report)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.
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