Microsoft Corporation [MSFT] Stock sold by Insider Nadella Satya for $12.56 million


Microsoft Corporation’s filing revealed that its Chief Executive Officer Nadella Satya unloaded Company’s shares for reported $12.56 million on Sep 01. In the deal valued at $328.43 per share,38,234 shares were sold. As a result of this transaction, Nadella Satya now holds 800,668 shares worth roughly $ 267.06 million.

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Then, Hogan Kathleen T sold 26,815 shares, generating $8,778,350 in total proceeds. Upon selling the shares at $327.37, the EVP, Human Resources now owns 198,373 shares.

Before that, SMITH BRADFORD L sold 50,000 shares. Microsoft Corporation shares valued at $16,860,105 were divested by the Vice Chair and President at a price of $337.20 per share. As a result of the transaction, SMITH BRADFORD L now holds 588,084 shares, worth roughly $196.16 million.

Raymond James reiterated its Microsoft Corporation [MSFT] rating to an Outperform in a research note published on Tuesday, July 24, 2023; the price target was $400. PT values the company’s stock at a premium of 16.61 to its Tuesday closing price.

Price Performance Review of MSFT

On Tuesday, Microsoft Corporation [NASDAQ:MSFT] saw its stock jump 1.49% to $333.55. On the same session, the stock had its day’s lowest price of $328.66, but rose to a high of $334.85. Over the last five days, the stock has gained 3.04%. Microsoft Corporation shares have risen nearly 39.08% since the year began. Nevertheless, the stocks have risen 28.09% over the past one year. While a 52-week high of $366.78 was reached on 07/18/23, a 52-week low of $213.43 was recorded on 01/06/23. SMA at 50 days reached $332.68, while 200 days put it at $289.04. A total of 18.1 million shares were traded, compared to the trading of 14.94 million shares in the previous session.

Levels Of Support And Resistance For MSFT Stock

The 24-hour chart illustrates a support level at 329.86, which if violated will result in even more drops to 326.16. On the upside, there is a resistance level at 336.05. A further resistance level may holdings at 338.54. The Relative Strength Index (RSI) on the 14-day chart is 57.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.78, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.58%. Stochastics %K at 84.70% indicates the stock is a selling.

How much short interest is there in Microsoft Corporation?

A steep rise in short interest was recorded in Microsoft Corporation stocks on Aug 14, 2023, dropping by -11.47 million shares to a total of 31.03 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 42.5 million shares. There was a decline of -36.96%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.42% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.

Microsoft Corporation [MSFT] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 622,524,287 shares, or roughly 8.38% of the outstanding MSFT shares. In other words, the investor’s shares have risen by 4,527,982 from its previous 13-F filing of 617996305.0. Additionally, BlackRock Fund Advisors increased 0.78% of its stake after which the total value it holdings stand at $114,533,773,240, while SSgA Funds Management, Inc. added 0.52% of its stake to hold $98.63 billion in the firm. Over the last quarter, Fidelity Management & Research Co purchased 8,353,951 shares of Microsoft Corporation, while T. Rowe Price Associates, Inc. bought -4,808,640 shares. At present, Geode Capital Management LLC is holding 148,129,470 shares valued at $49.76 billion. Norges Bank Investment Management owned 86,316,926 shares of the company at the time of its most recent 13F filing, worth $29.0 billion.

According to FactSet, Microsoft Corporation’s share price will average $392.78 in the next year, based on opinions of analysts polled by the firm. This is up nearly 21.71 percent from its previous closing price of $328.66. Analysts expect Microsoft Corporation stock to reach the higher price of $440.00, while the lowest price estimate is $232.00. However, 51 analysts have rated MSFT stock as a Buy in their predictions for 2023.


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