Oracle Corp. (NYSE:ORCL) shares traded -0.95% lower at $127.79 on Wall Street last session.
ORCL stock price is now 11.50% away from the 50-day moving average and 12.95% away from the 200-day moving average. The market capitalization of the company currently stands at $351.23B.
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With the price target of $150, KeyBanc Capital Markets recently initiated with Overweight rating for Oracle Corp. (NYSE: ORCL). , while ‘William Blair’ rates the stock as ‘Outperform’
In other news, BERG JEFFREY, Director sold 45,000 shares of the company’s stock on Mar 18 ’24. The stock was sold for $5,750,935 at an average price of $127.80. Upon completion of the transaction, the Director now directly owns 207,409 shares in the company, valued at $26.5 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 12 ’24, Vice Chairman HENLEY JEFFREY sold 400,000 shares of the business’s stock. A total of $50,768,082 was realized by selling the stock at an average price of $126.92. This leaves the insider owning 1,107,916 shares of the company worth $141.58 million. A total of 41.92% of the company’s stock is owned by insiders.
During the past 12 months, Oracle Corp. has had a low of $87.44 and a high of $132.77. As of last week, the company has a debt-to-equity ratio of 15.65, a current ratio of 0.85, and a quick ratio of 0.85. According to the stock market information, the enterprise value for the company is $429.31B, which is based on a 33.77 price-to-earnings ratio, a 3.05 price-to-earnings-growth ratio, and a beta of 1.01. The fifty day moving average price for ORCL is $115.09 and a two-hundred day moving average price translates $113.24 for the stock.
The latest earnings results from Oracle Corp. (NYSE: ORCL) was released for Feb, 2024. According to the Software – Infrastructure Company, earnings per share came in at $1.3, beating analysts’ expectations of $1.27 by 0.03. This compares to $0.68 EPS in the same period last year. The net profit margin was 20.27% and return on equity was 664.77% for ORCL. The company reported revenue of $13.28 billion for the quarter, compared to $12.4 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.11 percent. For the current quarter, analysts expect ORCL to generate $13.4B in revenue.
