In yesterday’s Wall Street session, Oracle Corp. (NYSE:ORCL) shares traded at $123.23, down -0.90% from the previous session.
ORCL stock price is now 4.20% away from the 50-day moving average and 8.45% away from the 200-day moving average. The market capitalization of the company currently stands at $338.70B.
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, CATZ SAFRA, Chief Executive Officer sold 810,000 shares of the company’s stock on Mar 27 ’24. The stock was sold for $101,294,608 at an average price of $125.06. Upon completion of the transaction, the Chief Executive Officer now directly owns 1,118,592 shares in the company, valued at $137.84 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 26 ’24, Chief Executive Officer CATZ SAFRA sold 790,000 shares of the business’s stock. A total of $99,970,313 was realized by selling the stock at an average price of $126.54. This leaves the insider owning 1,118,592 shares of the company worth $137.84 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 $93.20 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 $416.78B, which is based on a 32.56 price-to-earnings ratio, a 2.94 price-to-earnings-growth ratio, and a beta of 1.01. The fifty day moving average price for ORCL is $118.44 and a two-hundred day moving average price translates $113.65 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 $1.41, beating analysts’ expectations of $1.37 by 0.04. 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 $14.56B in revenue.
