Insider Selling: Frank H. Brod Sells 10,000 Shares of Microsoft Corp. Stock (MSFT)
Microsoft Corp. (NASDAQ:MSFT) CAO Frank H. Brod sold 10,000 shares of Microsoft Corp. stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $36.10, for a total transaction of $361,000.00. Following the sale, the chief accounting officer now directly owns 119,385 shares of the company’s stock, valued at approximately $4,309,799. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
MSFT has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of Microsoft Corp. in a research note to investors on Wednesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Microsoft Corp. in a research note to investors on Friday, January 24th. They now have a $38.00 price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Microsoft Corp. in a research note to investors on Friday, January 24th. They now have a $42.50 price target on the stock, up previously from $40.00. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $35.93.
Microsoft Corp. (NASDAQ:MSFT) traded up 1.08% during mid-day trading on Wednesday, hitting $36.66. The stock had a trading volume of 52,790,352 shares. Microsoft Corp. has a 1-year low of $27.10 and a 1-year high of $38.98. The stock’s 50-day moving average is $36.55 and its 200-day moving average is $34.82. The company has a market cap of $304.3 billion and a P/E ratio of 13.43.
Microsoft Corp. (NASDAQ:MSFT) last released its earnings data on Wednesday, January 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.08. The company had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.67 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. On average, analysts predict that Microsoft Corp. will post $2.70 earnings per share for the current fiscal year.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.
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