Stonehearth Capital Management LLC Takes Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Stonehearth Capital Management LLC acquired a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 2,002 shares of the software maker’s stock, valued at approximately $580,000.

Several other institutional investors and hedge funds also recently made changes to their positions in MSTR. Savant Capital LLC lifted its position in MicroStrategy by 2.6% in the 2nd quarter. Savant Capital LLC now owns 599 shares of the software maker’s stock valued at $825,000 after acquiring an additional 15 shares in the last quarter. Ballentine Partners LLC grew its holdings in shares of MicroStrategy by 5.0% in the second quarter. Ballentine Partners LLC now owns 313 shares of the software maker’s stock valued at $431,000 after acquiring an additional 15 shares in the last quarter. Versant Capital Management Inc increased its position in shares of 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 acquiring an additional 39 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in MicroStrategy in the second quarter worth $106,000. Finally, Magnetar Financial LLC grew its stake in MicroStrategy by 31.6% in the 2nd quarter. Magnetar Financial LLC now owns 337 shares of the software maker’s stock valued at $464,000 after purchasing an additional 81 shares during the period. Institutional investors own 59.84% of the company’s stock.

MicroStrategy Price Performance

Shares of NASDAQ:MSTR traded down $31.66 during trading on Tuesday, reaching $347.43. The company had a trading volume of 12,876,464 shares, compared to its average volume of 20,457,076. The company has a fifty day moving average of $345.91 and a two-hundred day moving average of $222.45. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $83.26 billion, a P/E ratio of -164.89 and a beta of 3.25. MicroStrategy Incorporated has a 12 month low of $43.87 and a 12 month high of $543.00.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MSTR shares. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. Maxim Group upped their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Benchmark reiterated a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a research note on Monday. Canaccord Genuity Group boosted their target price on shares of MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, Barclays raised their price target on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $479.25.

Insider Buying and Selling

In other MicroStrategy news, EVP Wei-Ming Shao sold 18,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the completion of the sale, the executive vice president now directly owns 6,460 shares in the company, valued at $2,377,344.60. This represents a 73.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the transaction, the director now owns 6,970 shares in the company, valued at approximately $3,145,979.20. This represents a 74.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock worth $32,259,177 in the last quarter. 13.18% of the stock is owned by 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.