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

Hartline Investment Corp lifted its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 560.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 35,150 shares of the software maker's stock after acquiring an additional 29,828 shares during the period. MicroStrategy makes up 1.2% of Hartline Investment Corp's investment 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 filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of MicroStrategy by 990.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker's stock valued at $465,573,000 after purchasing an additional 2,512,645 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in MicroStrategy by 587.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker's stock valued at $111,994,000 after buying an additional 567,628 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of MicroStrategy by 971.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker's stock valued at $107,855,000 after buying an additional 579,994 shares during the last quarter. Swiss National Bank increased its holdings in shares of MicroStrategy by 904.7% in the third quarter. Swiss National Bank now owns 468,200 shares of the software maker's stock worth $78,939,000 after buying an additional 421,600 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of MicroStrategy by 21.0% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 415,098 shares of the software maker's stock worth $120,221,000 after buying an additional 71,934 shares during the period. Institutional investors own 59.84% of the company's stock.

Insider Activity at MicroStrategy

In other MicroStrategy news, EVP Wei-Ming Shao sold 18,000 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total value of $6,624,180.00. Following the transaction, the executive vice president now owns 6,460 shares of the company's stock, valued at approximately $2,377,344.60. This represents a 73.59 % decrease in their ownership of the stock. 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 business's stock in a transaction dated 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 sale, the director now owns 6,970 shares of the company's stock, valued at approximately $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 have sold 40,050 shares of company stock valued at $16,314,110 over the last ninety days. Insiders own 9.16% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MSTR. Benchmark restated a "buy" rating and set a $650.00 price target on shares of MicroStrategy in a research report on Tuesday, January 14th. BTIG Research upped their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Barclays cut their price target on shares of MicroStrategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a report on Monday. Canaccord Genuity Group lowered their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Finally, Cantor Fitzgerald boosted their price target on MicroStrategy from $613.00 to $619.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $536.90.

MicroStrategy Stock Down 4.5 %

Shares of NASDAQ:MSTR traded down $15.16 during trading on Tuesday, reaching $319.46. 11,977,525 shares of the stock traded hands, compared to its average volume of 17,581,904. The stock has a market cap of $76.56 billion, a P/E ratio of -56.71 and a beta of 3.25. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The stock has a 50-day moving average of $354.16 and a two-hundred day moving average of $257.96. MicroStrategy Incorporated has a 52-week low of $65.02 and a 52-week high of $543.00.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The software maker reported ($3.20) 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%.

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.