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

Hartline Investment Corp lowered its position in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 94.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,799 shares of the software maker's stock after selling 33,351 shares during the period. Hartline Investment Corp's holdings in MicroStrategy were worth $519,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. IAG Wealth Partners LLC purchased a new stake in MicroStrategy during the 4th quarter worth approximately $25,000. Quadrant Capital Group LLC grew its position in MicroStrategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock worth $25,000 after purchasing an additional 77 shares during the last quarter. Dunhill Financial LLC purchased a new stake in MicroStrategy during the 4th quarter worth approximately $26,000. Safe Harbor Fiduciary LLC grew its position in MicroStrategy by 820.0% during the 4th quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock worth $27,000 after purchasing an additional 82 shares during the last quarter. Finally, First United Bank & Trust purchased a new stake in MicroStrategy during the 1st quarter worth approximately $29,000. Hedge funds and other institutional investors own 59.84% of the company's stock.

MicroStrategy Stock Performance

Shares of MSTR traded up $3.18 during trading hours on Friday, hitting $405.46. The stock had a trading volume of 10,013,902 shares, compared to its average volume of 17,963,427. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a 50-day moving average price of $387.17 and a 200 day moving average price of $341.48. MicroStrategy Incorporated has a fifty-two week low of $102.40 and a fifty-two week high of $543.00. The firm has a market capitalization of $110.85 billion, a price-to-earnings ratio of -18.59 and a beta of 3.70.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($16.47). The company had revenue of $111.07 million for the quarter, compared to analyst estimates of $116.66 million. MicroStrategy had a negative return on equity of 37.64% and a negative net margin of 1,160.72%. The business's revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.83) earnings per share.

Analyst Ratings Changes

Several analysts have commented on MSTR shares. HC Wainwright started coverage on shares of MicroStrategy in a research note on Tuesday, April 29th. They set a "buy" rating and a $480.00 price objective for the company. Barclays restated a "hold" rating on shares of MicroStrategy in a research note on Monday, May 19th. BTIG Research restated a "buy" rating on shares of MicroStrategy in a research note on Wednesday, May 14th. UBS Group restated a "buy" rating on shares of MicroStrategy in a research note on Friday, May 16th. Finally, Canaccord Genuity Group restated a "buy" rating on shares of MicroStrategy in a research note on Monday, May 19th. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned 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 $514.42.

Insider Activity at MicroStrategy

In other MicroStrategy news, CFO Andrew Kang sold 5,638 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $410.22, for a total transaction of $2,312,820.36. Following the completion of the transaction, the chief financial officer directly owned 22,077 shares in the company, valued at approximately $9,056,426.94. This represents a 20.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Wei-Ming Shao sold 10,000 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $315.00, for a total transaction of $3,150,000.00. Following the transaction, the executive vice president owned 10,597 shares of the company's stock, valued at $3,338,055. This represents a 48.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders acquired 25,277 shares of company stock valued at $2,312,345 and sold 70,621 shares valued at $25,935,717. Insiders own 8.46% of the company's stock.

About MicroStrategy

Strategy Incorporated, formerly known as MicroStrategy, provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers Strategy ONE, a platform that allows non-technical users to access novel and actionable insights for decision-making, and Strategy Cloud for Government, which provides always-on threat monitoring designed to meet the strict technical and regulatory standards of governments and financial institutions.