Cwm LLC, an institutional investor, decreased its stake in Oracle Co. shares by 2.3% in the first quarter, according to a recent 13F filing with the Securities and Exchange Commission (SEC). This resulted in the company owning 313,314 shares of Oracle valued at $39,355,000. Other investors, such as Invst LLC, Nemes Rush Group LLC, Avidian Wealth Solutions LLC, Sovereign Financial Group Inc., and Godshalk Welsh Capital Management Inc., also adjusted their holdings of Oracle shares. Additionally, several research firms have issued ratings and price targets for Oracle stock.
On Wall Street, Oracle’s stocks rose during midday trading, reaching $144.64. The company’s 50-day and two-hundred-day moving averages, as well as its market cap, price-to-earnings ratio, and other financial metrics were also provided. Oracle recently announced its quarterly earnings with an EPS of $1.63, falling short of analyst estimates. The company’s revenue increased by 3.3% compared to the previous year. In addition, Oracle declared a quarterly dividend to be paid in July.
CEO Safra Catz and director George H. Conradas were mentioned in relation to selling Oracle shares in recent transactions. Insider activity and ownership details were also disclosed. Oracle Corporation’s products and services were briefly described, including its Oracle Cloud Software-as-a-Service offerings.
This news story was provided utilizing financial data from MarketBeat and reviewed by their editorial team. It encouraged readers to visit HoldingsChannel.com for more information on insider trading and 13F filings related to Oracle Co. While Oracle has a “Moderate Buy” rating among analysts, MarketBeat highlighted other stocks that top-rated analysts are recommending as better buys.
Overall, the article touched on various aspects of Oracle’s financial performance, investor activity, analyst opinions, and company developments. It aimed to provide readers with accurate and timely information on Oracle Co. and related market insights.
Article Source
https://www.marketbeat.com/instant-alerts/nyse-orcl-sec-filing-2024-06-19/