Oracle Corp. Target of Unusually Large Options Trading (ORCL)
Shares of Oracle Corp. (NASDAQ:ORCL) was the recipient of some unusual options trading activity on Monday. Investors acquired 15,755 call options on the company, ARN reports. This is an increase of 103% compared to the typical volume of 7,774 call options.
In other Oracle Corp. news, President Mark Hurd sold 500,000 shares of Oracle Corp. stock on the open market in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $32.23, for a total transaction of $16,115,000.00. Following the transaction, the president now directly owns 1,000 shares of the company’s stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Oracle Corp. (NASDAQ:ORCL) in a research note to investors on Friday. They now have a $34.00 price target on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Oracle Corp. (NASDAQ:ORCL) in a research note to investors on Friday, September 6th. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Oracle Corp. (NASDAQ:ORCL) in a research note to investors on Monday, August 26th.
Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $36.48.
Shares of Oracle Corp. (NASDAQ:ORCL) traded up 1.57% on Monday, hitting $32.97. The stock had a trading volume of 25,462,008 shares. Oracle Corp. has a one year low of $29.52 and a one year high of $36.43. The stock’s 50-day moving average is $32.50 and its 200-day moving average is $33.02. The company has a market cap of $152.7 billion and a price-to-earnings ratio of 14.36.
Oracle Corp. (NASDAQ:ORCL) last issued its quarterly earnings data on Thursday, June 20th. The company reported $0.87 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.88 by $0.01. The company had revenue of $10.96 billion for the quarter, compared to the consensus estimate of $11.12 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. On average, analysts predict that Oracle Corp. will post $2.89 earnings per share for the current fiscal year.
Oracle Corporation is a provider of enterprise software and computer hardware products and services. The Company’s software, hardware systems, and services businesses develops, manufactures, markets, hosts and supports database and middleware software, applications software, and hardware systems, with the latter consisting primarily of computer server and storage products.
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