Microsoft President Sells $20 Million in Stock After Earnings Report

This article first appeared on GuruFocus.

Microsoft (MSFT, Financials) President and Vice Chair Brad Smith sold about $20 million in company stock as shares dipped following the firm's latest quarterly results. A regulatory filing showed Smith sold 38,500 shares on Nov. 3 in two transactions averaging roughly $519 per share.

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The sales came after Microsoft reported third-quarter capital expenditures of $34.9 billion, exceeding Wall Street estimates. The company's stock has fallen about 8% since the earnings release on Oct. 29, reflecting investor unease over rising AI infrastructure costs.

Despite the decline, Smith remains heavily invested in Microsoft, retaining more than 460,000 shares valued at roughly $240 million. He has been one of the company's most vocal advocates for artificial intelligence, calling it the next great general-purpose technology.

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