Insider Selling: Hector Garcia-Molina Sells 2,500 Shares of Oracle Stock (ORCL)
Oracle (NASDAQ:ORCL) Director Hector Garcia-Molina unloaded 2,500 shares of Oracle stock on the open market in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $41.83, for a total transaction of $104,575.00. Following the sale, the director now directly owns 5,000 shares in the company, valued at approximately $209,150. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Oracle (NASDAQ:ORCL) opened at 41.93 on Friday. Oracle has a one year low of $29.86 and a one year high of $42.17. The stock’s 50-day moving average is $40.48 and its 200-day moving average is $37.62. The company has a market cap of $187.0 billion and a price-to-earnings ratio of 17.53.
Oracle (NASDAQ:ORCL) last issued its quarterly earnings data on Tuesday, March 18th. The company reported $0.68 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.70 by $0.02. The company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.36 billion. During the same quarter last year, the company posted $0.65 earnings per share. Oracle’s revenue was up 3.8% compared to the same quarter last year. Analysts expect that Oracle will post $2.91 EPS for the current fiscal year.
ORCL has been the subject of a number of recent research reports. Analysts at Societe Generale upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Friday, May 2nd. They now have a $47.00 price target on the stock, up previously from $38.00. Separately, analysts at Pacific Crest reiterated an “outperform” rating on shares of Oracle in a research note on Wednesday, April 30th. They now have a $45.00 price target on the stock, up previously from $40.00. Finally, analysts at Stifel Nicolaus raised their price target on shares of Oracle from $43.00 to $45.00 in a research note on Wednesday, April 30th. They now have a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $40.44.
Oracle Corporation is a provider of enterprise software and computer hardware products and services. The Company provides cloud services as well as software and hardware products to other cloud service providers, both public and private.
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