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Microsoft CEO Satya Nadella Nets $35.9M by Divesting Shares
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Per a SEC filing, Microsoft Corporation’s (MSFT - Free Report) CEO Satya Nadella offloaded 328,000 shares of the company on Aug 10 citing financial planning and expansion motives. Nadella sold shares at an average price of approximately $109.44 per share, netting in $35.9 million. As of today, Nadella owns 778,596 million shares of Microsoft.
We also note that, Jean-Philippe Courtois, executive vice president and president, Global Sales, Marketing & Operations of Microsoft sold 28,939 shares of Microsoft on Aug 9, 2018 at an average price of $110, netting a total of $3.2 million. As of today, Courtois has direct stocks of the company worth over $54 million.
Nadella had previously sold 143,000 shares of the company almost two years back at an average price of $57.97 per share, totaling $8.3 million.
Notably, Microsoft shares have returned 28.5% year to date, outperforming the 22.5% rally of the industry.
More Divestment in the Offing
Reportedly the company issued a statement saying, “The stock divestitures made today were for personal financial planning and diversification reasons. Satya is committed to the continued success of the company and his holdings significantly exceed the holding requirements set by the Microsoft Board of Directors.”
Bloomberg revealed that per Microsoft, the company’s CEO will continue to sell shares in the next year per a structured plan. Per the company’s plan, fewer than half of Nadella owned Microsoft shares will be sold going forward.
Microsoft Shaping Up Well Under Nadella
Satya Nadella took over as the CEO of Microsoft on February 2014 succeeding Steve Ballmer. At that time, the company was going through troubled waters with Windows 8 proving to be a disaster and Bing losing out to Google in search dominance. The company also fell short on the mobile segment with iPhone and Android-based handsets ruling the roost. Nokia divestiture remains a notable development in his early term as a CEO.
Additionally, under Nadella’s vision Microsoft has witnessed several improvements on various fronts. Nadella can be credited for turning the company around from a provider of legacy solutions to a leading provider of enterprise solutions whether on premise, or in the cloud or in facilitating a transition to the cloud through partnerships, collaborations and acquisitions.
Microsoft is witnessing overall growth across the operating segments under Nadella’s leadership. The company is benefiting from growing user base of its different applications like Office 365 commercial, Outlook mobile and Teams. Windows 10 is now active on more than 700 million devices, with continued deployments across enterprises.
Microsoft’s gaming segment is performing well on the back of a combination of Xbox Live, Game Pass subscriptions and Mixer, which are driving user engagement.
Further, strategic acquisitions like PlayFab and GitHub are expected to expand Microsoft’s total addressable market (“TAM”) and penetration, going ahead.
Overall Microsoft is dynamically exploring growth verticals under Nadella’s supervision. Microsoft shares were trading at $36.35 on Feb 4, 2014 when Nadella took over. A whopping 201.1% appreciation of the stock represents a substantial gain.
Long-term earnings growth rate for Adobe, Mellanox and Logitech is currently pegged at 16.4%, 15% and 8%, respectively.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Image: Bigstock
Microsoft CEO Satya Nadella Nets $35.9M by Divesting Shares
Per a SEC filing, Microsoft Corporation’s (MSFT - Free Report) CEO Satya Nadella offloaded 328,000 shares of the company on Aug 10 citing financial planning and expansion motives. Nadella sold shares at an average price of approximately $109.44 per share, netting in $35.9 million. As of today, Nadella owns 778,596 million shares of Microsoft.
We also note that, Jean-Philippe Courtois, executive vice president and president, Global Sales, Marketing & Operations of Microsoft sold 28,939 shares of Microsoft on Aug 9, 2018 at an average price of $110, netting a total of $3.2 million. As of today, Courtois has direct stocks of the company worth over $54 million.
Nadella had previously sold 143,000 shares of the company almost two years back at an average price of $57.97 per share, totaling $8.3 million.
Notably, Microsoft shares have returned 28.5% year to date, outperforming the 22.5% rally of the industry.
More Divestment in the Offing
Reportedly the company issued a statement saying, “The stock divestitures made today were for personal financial planning and diversification reasons. Satya is committed to the continued success of the company and his holdings significantly exceed the holding requirements set by the Microsoft Board of Directors.”
Bloomberg revealed that per Microsoft, the company’s CEO will continue to sell shares in the next year per a structured plan. Per the company’s plan, fewer than half of Nadella owned Microsoft shares will be sold going forward.
Microsoft Shaping Up Well Under Nadella
Satya Nadella took over as the CEO of Microsoft on February 2014 succeeding Steve Ballmer. At that time, the company was going through troubled waters with Windows 8 proving to be a disaster and Bing losing out to Google in search dominance. The company also fell short on the mobile segment with iPhone and Android-based handsets ruling the roost. Nokia divestiture remains a notable development in his early term as a CEO.
Additionally, under Nadella’s vision Microsoft has witnessed several improvements on various fronts. Nadella can be credited for turning the company around from a provider of legacy solutions to a leading provider of enterprise solutions whether on premise, or in the cloud or in facilitating a transition to the cloud through partnerships, collaborations and acquisitions.
Microsoft is witnessing overall growth across the operating segments under Nadella’s leadership. The company is benefiting from growing user base of its different applications like Office 365 commercial, Outlook mobile and Teams. Windows 10 is now active on more than 700 million devices, with continued deployments across enterprises.
Microsoft’s gaming segment is performing well on the back of a combination of Xbox Live, Game Pass subscriptions and Mixer, which are driving user engagement.
Further, strategic acquisitions like PlayFab and GitHub are expected to expand Microsoft’s total addressable market (“TAM”) and penetration, going ahead.
Overall Microsoft is dynamically exploring growth verticals under Nadella’s supervision. Microsoft shares were trading at $36.35 on Feb 4, 2014 when Nadella took over. A whopping 201.1% appreciation of the stock represents a substantial gain.
Zacks Rank & Other Stocks to Consider
Microsoft flaunts a Zacks Rank #1 (Strong Buy).
Adobe Systems (ADBE - Free Report) , Mellanox Technologies , Ltd. and Logitech International S.A. (LOGI - Free Report) are other top-ranked stocks worth considering in the same sector. All the three stocks sport a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate for Adobe, Mellanox and Logitech is currently pegged at 16.4%, 15% and 8%, respectively.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>