Oracle Corp (NYSE: ORCL) Executives are Making Moves with Their Shares

By Carrie Williams

Yesterday, a Director at Oracle Corp (NYSE: ORCL), Jeffrey Berg, sold shares of ORCL for $1.45M.

Following Jeffrey Berg’s last ORCL Sell transaction on June 02, 2016, the stock climbed by 7.4%. In addition to Jeffrey Berg, 3 other ORCL executives reported Sell trades in the last month.

Based on Oracle Corp’s latest earnings report for the quarter ending February 28, the company posted quarterly revenue of $9.21 billion and quarterly net profit of $2.24 billion. In comparison, last year the company earned revenue of $9.01 billion and had a net profit of $2.14 billion. The company has a one year high of $46.99 and a one year low of $37.62. Currently, Oracle Corp has an average volume of 31.69M.

Based on 19 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $47.93, reflecting a -4.7% downside. Seven different firms, including Berenberg Bank and Canaccord Genuity, currently also have a Sell rating on the stock.

In the last 30 days, insiders have sold $1.45M worth of ORCL shares and purchased $1.45M worth of ORCL shares. The insider sentiment on Oracle Corp has been positive according to 50 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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