Insider Selling: Microsoft Corp. EVP Unloads 14,000 Shares of Stock (MSFT)
Microsoft Corp. (NASDAQ:MSFT) EVP Anthony John Bates sold 14,000 shares of the stock on the open market in a transaction dated Friday, January 10th. The stock was sold at an average price of $35.94, for a total value of $503,160.00. Following the completion of the transaction, the executive vice president now directly owns 601,777 shares of the company’s stock, valued at approximately $21,627,865. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Microsoft Corp. (NASDAQ:MSFT) traded down 2.94% on Monday, hitting $34.98. 45,914,896 shares of the company’s stock traded hands. Microsoft Corp. has a 52-week low of $26.28 and a 52-week high of $38.98. The stock’s 50-day moving average is $37.27 and its 200-day moving average is $34.66. The company has a market cap of $292.0 billion and a P/E ratio of 13.49.
Microsoft Corp. (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.55 by $0.07. The company had revenue of $18.53 billion for the quarter, compared to the consensus estimate of $17.83 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 15.7% on a year-over-year basis. On average, analysts predict that Microsoft Corp. will post $2.67 earnings per share for the current fiscal year.
MSFT has been the subject of a number of recent research reports. Analysts at Barclays upgraded shares of Microsoft Corp. from an “equal weight” rating to an “overweight” rating in a research note to investors on Friday. They now have a $42.00 price target on the stock, up previously from $35.00. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Microsoft Corp. in a research note to investors on Monday, January 6th. Finally, analysts at Zacks upgraded shares of Microsoft Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, December 19th. They now have a $38.00 price target on the stock. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $35.75.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.
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