Insider Selling: Frank H. Brod Sells 6,000 Shares of Microsoft Stock (MSFT)
Microsoft (NASDAQ:MSFT) CAO Frank H. Brod sold 6,000 shares of the stock on the open market in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $40.12, for a total value of $240,720.00. Following the completion of the transaction, the chief accounting officer now directly owns 112,721 shares of the company’s stock, valued at approximately $4,522,367. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Microsoft (NASDAQ:MSFT) traded down 0.88% on Tuesday, hitting $40.51. 29,637,370 shares of the company’s stock traded hands. Microsoft has a 52 week low of $30.84 and a 52 week high of $41.66. The stock’s 50-day moving average is $39.77 and its 200-day moving average is $37.58. The company has a market cap of $334.6 billion and a price-to-earnings ratio of 15.31.
Microsoft (NASDAQ:MSFT) last announced its earnings results on Thursday, April 24th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.05. The company had revenue of $20.40 billion for the quarter, compared to the consensus estimate of $20.38 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was down .4% on a year-over-year basis. On average, analysts predict that Microsoft will post $2.69 earnings per share for the current fiscal year.
MSFT has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Microsoft in a research note on Friday. They now have a $42.00 price target on the stock. Separately, analysts at Oppenheimer raised their price target on shares of Microsoft from $38.00 to $45.00 in a research note on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Microsoft in a research note on Friday. They now have a $47.50 price target on the stock, up previously from $40.00. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eleven have given a buy rating to the company. Microsoft presently has a consensus rating of “Hold” and a consensus target price of $38.37.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.
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