Microsoft Corporation (NASDAQ:MSFT) shares traded -0.47% lower at $408.46 on Wall Street last session.
MSFT stock price is now -2.87% away from the 50-day moving average and -2.95% away from the 200-day moving average. The market capitalization of the company currently stands at $3066.89B.
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With the price target reduced from $500 to $495, BMO Capital Markets maintained Outperform rating for Microsoft Corporation (NASDAQ: MSFT). On October 10, 2024, Goldman reiterated its ‘Buy’ rating on the stock by increasing its target price from $515 to quote $500, while ‘Oppenheimer’ rates the stock as ‘Perform’
In other news, Numoto Takeshi, EVP, Chief Marketing Officer sold 2,500 shares of the company’s stock on Sep 10 ’24. The stock was sold for $1,027,608 at an average price of $411.04. Upon completion of the transaction, the EVP, Chief Marketing Officer now directly owns 50,000 shares in the company, valued at $20.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 10 ’24, EVP, Chief Human Resources Off Hogan Kathleen T sold 17,378 shares of the business’s stock. A total of $7,156,892 was realized by selling the stock at an average price of $411.85. This leaves the insider owning 150,161 shares of the company worth $61.33 million. A total of 1.46% of the company’s stock is owned by insiders.
During the past 12 months, Microsoft Corporation has had a low of $344.77 and a high of $468.35. As of last week, the company has a debt-to-equity ratio of 0.34, a current ratio of 1.30, and a quick ratio of 1.29. According to the stock market information, the enterprise value for the company is $3055260532736, which is based on a 33.71 price-to-earnings ratio, a 2.45 price-to-earnings-growth ratio, and a beta of 0.90. The fifty day moving average price for MSFT is $420.6874 and a two-hundred day moving average price translates $420.8283 for the stock.
The latest earnings results from Microsoft Corporation (NASDAQ: MSFT) was released for 2024-09-30. The net profit margin was 35.61% and return on equity was 35.60% for MSFT. The company reported revenue of $65.58 billion for the quarter, compared to $56.52 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.04 percent.
