Hartline Investment Corp Acquires 29,828 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Hartline Investment Corp increased its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 560.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 35,150 shares of the software maker’s stock after buying an additional 29,828 shares during the quarter. MicroStrategy comprises approximately 1.2% of Hartline Investment Corp’s portfolio, making the stock its 21st biggest position. Hartline Investment Corp’s holdings in MicroStrategy were worth $10,180,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of MSTR. UMB Bank n.a. increased its holdings in MicroStrategy by 900.0% in the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock worth $25,000 after buying an additional 135 shares in the last quarter. AlphaMark Advisors LLC grew its stake in shares of MicroStrategy by 2,900.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock valued at $25,000 after purchasing an additional 145 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of MicroStrategy during the 3rd quarter valued at about $27,000. Sunbelt Securities Inc. grew its stake in shares of MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after purchasing an additional 144 shares during the period. Finally, ST Germain D J Co. Inc. grew its stake in shares of MicroStrategy by 900.0% during the 3rd quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock valued at $29,000 after purchasing an additional 153 shares during the period. 59.84% of the stock is currently owned by institutional investors.

MicroStrategy Stock Up 2.2 %

MSTR stock opened at $334.62 on Tuesday. The business’s 50-day moving average price is $354.16 and its 200-day moving average price is $257.96. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. MicroStrategy Incorporated has a twelve month low of $65.02 and a twelve month high of $543.00.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results 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). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Analysts Set New Price Targets

MSTR has been the subject of a number of recent research reports. Canaccord Genuity Group cut their price target on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Sanford C. Bernstein restated an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. Benchmark restated a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a research note on Tuesday, January 14th. Maxim Group boosted their price target on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, BTIG Research boosted their price target on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $536.90.

Insiders Place Their Bets

In other news, CAO Jeanine Montgomery sold 752 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $242,482.40. Following the completion of the transaction, the chief accounting officer now directly owns 6,418 shares in the company, valued at approximately $2,069,484.10. This represents a 10.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the transaction, the director now owns 6,970 shares of the company’s stock, valued at $3,145,979.20. This represents a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,050 shares of company stock worth $16,314,110 in the last three months. 9.16% of the stock is owned by company insiders.

MicroStrategy Company Profile

MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.