Oracle Co. Stock (New York Stock Exchange:ORCL) experienced a 0.9% drop on Tuesday after insider selling activities were disclosed. The stock was trading at $137.64 and closed at $138.69, with significantly lower trading volume compared to the average daily volume. Insider Edward Screven sold 235,918 shares and Director Jeffrey Berg sold 22,500 shares on June 20. Overall, insiders sold a total of 348,418 shares valued at $47,784,717 in the last 90 days.
Numerous equity research analysts have given their ratings on Oracle stock, with varying price targets and recommendations. Oracle recently announced its quarterly earnings results, reporting $1.63 earnings per share and revenue of $14.29 billion, which slightly missed estimates. The company’s net margin and return on equity were reported as well. A quarterly dividend has been declared, with an annualized dividend yield of 1.15%. Institutional investors have made changes to their positions in Oracle, with significant increases in holdings by various firms.
Oracle Corporation offers a range of products and services for enterprise IT environments globally, including cloud software applications such as ERP, performance management, supply chain management, human capital management, healthcare solutions, advertising, and more. The company’s stock has received various ratings from analysts, with an average price target of $145.83. Oracle’s market capitalization, financial ratios, and recent financial performance have also been discussed in the article.
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https://www.defenseworld.net/2024/06/26/oracle-nyseorcl-trading-down-0-9-following-insider-selling.html
