Hartline Investment Corp Grows Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Hartline Investment Corp grew its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 560.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,150 shares of the software maker’s stock after purchasing an additional 29,828 shares during the period. MicroStrategy comprises approximately 1.2% of Hartline Investment Corp’s holdings, making the stock its 21st largest holding. Hartline Investment Corp’s holdings in MicroStrategy were worth $10,180,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GPS Wealth Strategies Group LLC boosted its position in MicroStrategy by 3.2% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock valued at $324,000 after purchasing an additional 35 shares in the last quarter. Versant Capital Management Inc boosted its position in MicroStrategy by 38.2% during the fourth 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 in the last quarter. Masso Torrence Wealth Management Inc. boosted its position in MicroStrategy by 1.8% during the fourth quarter. Masso Torrence Wealth Management Inc. now owns 3,055 shares of the software maker’s stock valued at $885,000 after purchasing an additional 55 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in MicroStrategy by 3.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,083 shares of the software maker’s stock valued at $603,000 after purchasing an additional 65 shares in the last quarter. Finally, Means Investment CO. Inc. boosted its position in MicroStrategy by 2.2% during the fourth quarter. Means Investment CO. Inc. now owns 3,159 shares of the software maker’s stock valued at $915,000 after purchasing an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Jeanine Montgomery sold 752 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $242,482.40. Following the transaction, the chief accounting officer now 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 SEC, which can be accessed through this link. Also, CEO Phong Le sold 1,252 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $322.45, for a total value of $403,707.40. Following the completion of the transaction, the chief executive officer now owns 13,918 shares in the company, valued at approximately $4,487,859.10. The trade was a 8.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,050 shares of company stock worth $16,314,110 in the last quarter. 9.16% of the stock is owned by company insiders.

MicroStrategy Stock Performance

MSTR stock opened at $334.62 on Tuesday. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. MicroStrategy Incorporated has a 12-month low of $65.02 and a 12-month high of $543.00. The business’s fifty day moving average price is $354.16 and its 200 day moving average price is $257.96.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on MSTR. Compass Point raised MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. TD Cowen raised their price objective on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Maxim Group raised their price target on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Barclays lowered their price target on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a report on Monday. Finally, BTIG Research raised their price target on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $536.90.

MicroStrategy 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.