MicroStrategy Incorporated (NASDAQ:MSTR) Shares Bought by Hartline Investment Corp

Hartline Investment Corp lifted its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 1,064.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,322 shares of the software maker’s stock after acquiring an additional 4,865 shares during the quarter. Hartline Investment Corp’s holdings in MicroStrategy were worth $897,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new position in MicroStrategy during the 1st quarter valued at $58,000. Sei Investments Co. boosted its stake in MicroStrategy by 36.3% during the first quarter. Sei Investments Co. now owns 575 shares of the software maker’s stock valued at $980,000 after buying an additional 153 shares in the last quarter. ProShare Advisors LLC raised its position in MicroStrategy by 31.2% in the first quarter. ProShare Advisors LLC now owns 3,137 shares of the software maker’s stock worth $5,347,000 after acquiring an additional 746 shares in the last quarter. Wealthquest Corp bought a new stake in MicroStrategy in the first quarter worth about $341,000. Finally, Kingsview Wealth Management LLC lifted its holdings in MicroStrategy by 6.2% in the 1st quarter. Kingsview Wealth Management LLC now owns 720 shares of the software maker’s stock valued at $1,227,000 after acquiring an additional 42 shares during the last quarter. Institutional investors own 72.03% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Sanford C. Bernstein decreased their price target on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. Maxim Group lifted their target price on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Barclays upped their target price on MicroStrategy from $225.00 to $275.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Benchmark lifted their price target on MicroStrategy from $245.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Canaccord Genuity Group boosted their price objective on MicroStrategy from $173.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $271.13.

MicroStrategy Price Performance

MicroStrategy stock opened at $356.59 on Wednesday. The business’s fifty day moving average is $192.07 and its two-hundred day moving average is $161.52. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $72.26 billion, a P/E ratio of -169.00 and a beta of 3.05. MicroStrategy Incorporated has a 52 week low of $43.87 and a 52 week high of $360.89.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($1.44). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The company had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. During the same quarter last year, the company earned ($8.98) EPS. The firm’s quarterly revenue was down 10.3% on a year-over-year basis.

Insider Transactions at MicroStrategy

In other news, CFO Andrew Kang sold 5,700 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total value of $1,465,755.00. Following the transaction, the chief financial officer now owns 12,080 shares of the company’s stock, valued at $3,106,372. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Andrew Kang sold 5,700 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total value of $1,465,755.00. Following the completion of the sale, the chief financial officer now directly owns 12,080 shares of the company’s stock, valued at $3,106,372. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Phong Le sold 48,838 shares of MicroStrategy stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $135.40, for a total transaction of $6,612,665.20. Following the transaction, the chief executive officer now directly owns 12,670 shares in the company, valued at $1,715,518. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 163,788 shares of company stock worth $29,895,333 in the last quarter. 13.18% 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.