Oracle director Jeffrey Berg recently engaged in significant trading activity, selling $3.22 million worth of Oracle shares at prices ranging from $142.6809 to $143.3647. The sales were disclosed in an SEC Form 4 filing on June 20, 2024, along with the acquisition of 22,500 shares through option exercises. Berg’s direct stake in Oracle decreased after the sales, but he still indirectly owns shares through The Berg Family Trust. The transactions, which included derivative transactions involving stock options, are now part of the public record for investors to consider.
Oracle Corporation announced plans to invest over $1 billion in Spain’s technological growth, focusing on expanding its artificial intelligence and cloud computing services. This investment will establish a new cloud region in Spain to comply with EU regulations. Analysts have expressed confidence in Oracle’s performance, with price target increases and positive ratings from firms like BMO Capital Markets and Mizuho.
Despite the recent insider selling, Oracle’s financial metrics show strong potential, with a high P/E ratio and consistent dividend increases over the past decade. Analysts have revised earnings upward, supporting the company’s strong revenue growth. While Oracle’s short-term liabilities may be a concern, its gross profit margin and EBITDA growth demonstrate operational efficiency and profitability.
Investors interested in Oracle can access additional insights and metrics on InvestingPro’s website. A discount code is provided for a Pro or Pro+ subscription, enabling investors to make more informed decisions about Oracle’s financial health.
Article Source
https://www.investing.com/news/company-news/oracle-director-jeffrey-berg-sells-322m-in-company-stock-93CH-3492692
