Arlington Capital Management Inc. Makes New Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Arlington Capital Management Inc. purchased a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 2,354 shares of the software maker’s stock, valued at approximately $1,487,000. MicroStrategy makes up about 1.4% of Arlington Capital Management Inc.’s portfolio, making the stock its 19th largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd increased its position in MicroStrategy by 307.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 53 shares of the software maker’s stock worth $33,000 after purchasing an additional 40 shares during the period. GPS Wealth Strategies Group LLC acquired a new position in shares of MicroStrategy during the 3rd quarter worth $37,000. Signaturefd LLC increased its position in shares of MicroStrategy by 85.3% in the fourth quarter. Signaturefd LLC now owns 63 shares of the software maker’s stock valued at $40,000 after buying an additional 29 shares in the last quarter. NBC Securities Inc. acquired a new position in MicroStrategy in the 3rd quarter valued at $41,000. Finally, Beaird Harris Wealth Management LLC grew its stake in shares of MicroStrategy by 364.9% in the third quarter. Beaird Harris Wealth Management LLC now owns 172 shares of the software maker’s stock valued at $56,000 after buying an additional 135 shares in the last quarter. 72.03% of the stock is owned by hedge funds and other institutional investors.

MicroStrategy Stock Performance

Shares of NASDAQ MSTR traded up $43.76 during trading hours on Thursday, hitting $1,276.88. 403,289 shares of the company’s stock were exchanged, compared to its average volume of 2,061,557. MicroStrategy Incorporated has a 1-year low of $266.00 and a 1-year high of $1,999.99. The stock has a market capitalization of $21.67 billion, a price-to-earnings ratio of -182.09 and a beta of 3.00. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.78 and a quick ratio of 0.78. The company’s 50-day moving average price is $1,418.99 and its 200-day moving average price is $858.04.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Tuesday, February 6th. The software maker reported $5.62 earnings per share (EPS) for the quarter. MicroStrategy had a negative return on equity of 8.37% and a negative net margin of 17.40%. The company had revenue of $124.48 million for the quarter, compared to analyst estimates of $134.90 million.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MSTR shares. StockNews.com raised shares of MicroStrategy to a “sell” rating in a report on Monday, March 18th. BTIG Research upped their target price on MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a report on Friday, April 5th. TD Cowen cut their price objective on MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a research report on Wednesday, March 20th. Canaccord Genuity Group cut their price objective on MicroStrategy from $1,810.00 to $1,590.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. Finally, Benchmark reissued a “buy” rating and issued a $1,875.00 target price on shares of MicroStrategy in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,678.75.

Insider Transactions at MicroStrategy

In other news, CFO Andrew Kang sold 3,750 shares of MicroStrategy stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $870.31, for a total value of $3,263,662.50. Following the transaction, the chief financial officer now owns 873 shares in the company, valued at approximately $759,780.63. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Andrew Kang sold 3,750 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $870.31, for a total transaction of $3,263,662.50. Following the completion of the transaction, the chief financial officer now owns 873 shares of the company’s stock, valued at $759,780.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Phong Le sold 10,000 shares of MicroStrategy stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $861.24, for a total transaction of $8,612,400.00. Following the completion of the sale, the chief executive officer now directly owns 595 shares of the company’s stock, valued at $512,437.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 92,452 shares of company stock valued at $110,218,847. Company insiders own 13.18% of the company’s stock.

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.