The price of Dell Technologies Inc (NYSE:DELL) shares last traded on Wall Street fell -4.20% to $127.15.
DELL stock price is now 25.76% away from the 50-day moving average and 70.24% away from the 200-day moving average. The market capitalization of the company currently stands at $90.76B.
With the price target enhanced from $75 to $105, TD Cowen maintained Market Perform rating for Dell Technologies Inc (NYSE: DELL). On February 28, 2024, Loop Capital recently initiated its ‘Buy’ rating on the stock quoting a target price of $125, while ‘Evercore ISI’ rates the stock as ‘Outperform’
In other news, SLTA IV (GP), L.L.C., Director sold 346,931 shares of the company’s stock on Apr 04 ’24. The stock was sold for $46,207,922 at an average price of $133.19. Upon completion of the transaction, the Director now directly owns 152 shares in the company, valued at $19326.8. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 04 ’24, Director SLTA V (GP), L.L.C. sold 346,931 shares of the business’s stock. A total of $46,207,922 was realized by selling the stock at an average price of $133.19. This leaves the insider owning 152 shares of the company worth $19326.8. A total of 64.07% of the company’s stock is owned by insiders.
During the past 12 months, Dell Technologies Inc has had a low of $39.90 and a high of $136.16. According to the stock market information, the enterprise value for the company is $109.39B, which is based on a 29.12 price-to-earnings ratio, a 35.95 price-to-earnings-growth ratio, and a beta of 0.88. The fifty day moving average price for DELL is $101.98 and a two-hundred day moving average price translates $75.08 for the stock.
The latest earnings results from Dell Technologies Inc (NYSE: DELL) was released for Feb, 2024. According to the Computer Hardware Company, earnings per share came in at $2.2, beating analysts’ expectations of $1.73 by 0.47. This compares to $0.87 EPS in the same period last year. The company reported revenue of $22.32 billion for the quarter, compared to $25.04 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.87 percent. For the current quarter, analysts expect DELL to generate $21.66B in revenue.
