REDMOND, WA—Takeshi Numoto, Executive Vice President and Chief Marketing Officer at Microsoft Corp (NASDAQ:MSFT), a tech giant with a market capitalization of $3.32 trillion, recently sold 2,500 shares of the company's common stock. The transaction, dated December 9, 2024, was executed at an average price of $447.41 per share, amounting to a total sale value of approximately $1.12 million. Following this transaction, Numoto retains ownership of 49,351 shares in the company. The sale was documented in a recent SEC filing and signed by Julia Stark, acting as Attorney-in-Fact for Numoto. According to InvestingPro data, Microsoft's stock is trading near its 52-week high of $468.35, with analysts maintaining a strong buy consensus and a high price target of $650. For deeper insights into Microsoft's insider trading patterns and comprehensive financial analysis, investors can access the detailed Pro Research Report, available exclusively on InvestingPro.
In other recent news, Microsoft shareholders rejected a proposal by the National Center for Public Policy Research to consider adding Bitcoin to the company's balance sheet as a hedge against inflation. The proposal suggested diversification of investments, potentially including Bitcoin, to safeguard shareholder value against inflation. However, Microsoft's board opposed the proposal, emphasizing the importance of stable and predictable investments for corporate treasury applications.
In related news, Microsoft's artificial intelligence segment is on track to exceed a $10 billion revenue run rate, according to Bernstein. The firm also highlighted the robustness and potential of the company's AI businesses, contributing positively to Microsoft's overall margins. Bernstein reaffirmed an Outperform rating on Microsoft shares, maintaining a price target of $511.00.
Additionally, OpenAI is reportedly considering changes to a clause in its agreement with Microsoft. The modification could allow Microsoft access to OpenAI's most advanced models upon the development of artificial general intelligence (AGI). This development is significant for Microsoft, which has invested over $13 billion in OpenAI.
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