Hartline Investment Corp Buys Shares of 414 MicroStrategy Incorporated (NASDAQ:MSTR)

Hartline Investment Corp bought a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 414 shares of the software maker’s stock, valued at approximately $261,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of MicroStrategy by 10.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,126,980 shares of the software maker’s stock worth $369,965,000 after buying an additional 103,107 shares during the last quarter. UBS Group AG increased its holdings in MicroStrategy by 376.9% in the 3rd quarter. UBS Group AG now owns 36,504 shares of the software maker’s stock worth $11,984,000 after acquiring an additional 28,850 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of MicroStrategy during the fourth quarter worth $12,367,000. Financial Sense Advisors Inc. grew its holdings in shares of MicroStrategy by 274.7% during the third quarter. Financial Sense Advisors Inc. now owns 23,604 shares of the software maker’s stock worth $7,749,000 after buying an additional 17,304 shares in the last quarter. Finally, Strong Tower Advisory Services acquired a new position in shares of MicroStrategy during the 4th quarter valued at about $6,566,000. Hedge funds and other institutional investors own 72.03% of the company’s stock.

Insider Transactions at MicroStrategy

In related news, CEO Phong Le sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $861.24, for a total value of $8,612,400.00. Following the transaction, the chief executive officer now owns 595 shares in the company, valued at $512,437.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Jarrod M. Patten sold 275 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $722.34, for a total transaction of $198,643.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Phong Le sold 10,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $861.24, for a total value of $8,612,400.00. Following the completion of the sale, the chief executive officer now owns 595 shares in the company, valued at $512,437.80. The disclosure for this sale can be found here. Insiders have sold a total of 117,452 shares of company stock worth $118,687,597 in the last three months. Company insiders own 13.18% of the company’s stock.

MicroStrategy Trading Down 5.5 %

NASDAQ:MSTR traded down $72.97 on Wednesday, reaching $1,265.67. The stock had a trading volume of 948,463 shares, compared to its average volume of 2,173,414. The company has a market cap of $21.48 billion, a price-to-earnings ratio of 45.45 and a beta of 2.89. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.83 and a quick ratio of 0.83. The firm’s fifty day moving average is $1,319.19 and its two-hundred day moving average is $794.03. MicroStrategy Incorporated has a 12-month low of $266.00 and a 12-month high of $1,999.99.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Tuesday, February 6th. The software maker reported $5.62 earnings per share (EPS) for the quarter. The company had revenue of $124.48 million for the quarter, compared to analyst estimates of $134.90 million. MicroStrategy had a net margin of 86.47% and a return on equity of 42.81%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. BTIG Research lifted their price target on shares of MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Canaccord Genuity Group reiterated a “buy” rating and set a $1,810.00 price target on shares of MicroStrategy in a report on Thursday, March 28th. StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a report on Monday, March 18th. Benchmark boosted their price target on shares of MicroStrategy from $990.00 to $1,875.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Finally, TD Cowen reduced their price objective on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a research report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, MicroStrategy currently has a consensus rating of “Moderate Buy” and an average target price of $1,473.00.

About MicroStrategy

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.