Takeshi Numoto, Executive Vice President and Chief Marketing Officer at Microsoft Corp . (NASDAQ:MSFT), recently sold 2,000 shares of the company’s common stock. The transaction, executed on December 4, 2024, was completed at a weighted average price of $437.317 per share, generating a total value of approximately $874,634. Following this sale, Numoto holds 51,851.8545 shares directly. The transaction was carried out in multiple trades with prices ranging from $437.31 to $437.34. According to InvestingPro analysis, Microsoft appears to be trading above its Fair Value, with the stock showing strong momentum with a 19.71% return over the past year. InvestingPro subscribers have access to 16 additional investment tips and a comprehensive Pro Research Report for Microsoft, offering deeper insights into the company's valuation and prospects.
In other recent news, Microsoft reported a 16% year-on-year increase in Q1 FY2025 revenue, hitting $65.6 billion. The company's cloud unit, Microsoft Cloud, also performed well, with revenues surpassing $38.9 billion, marking a 22% increase from the previous year. Microsoft has made changes to its financial segments, recasting its fiscal reports to align with its operating structure. These are recent developments for the company.
Bernstein highlighted Microsoft's AI segment's forthcoming milestone, noting that it is poised to exceed a $10 billion revenue run rate in the next quarter. The firm reaffirmed an Outperform rating on Microsoft shares, maintaining a price target of $511.00. Other analyst firms such as TD (TSX:TD) Cowen, Citi, Mizuho (NYSE:MFG), and Goldman Sachs (NYSE:GS) have also maintained their positive ratings on Microsoft's stock.
In the healthcare sector, Tevogen Bio has partnered with Microsoft to expedite the target identification process for their oncology product, TVGN 920, using AI and cloud technologies. In corporate developments, Asterion Industrial Partners, in collaboration with Telefonica (NYSE:TEF), sold Nabiax, a Spanish data center operator, to Aermont Capital. These recent developments indicate Microsoft's expanding influence in various sectors.
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