A Director at VMware (VMW) is Selling Shares


Yesterday, a Director at VMware (VMW), Michael W. Brown, sold shares of VMW for $5.6M.

Following Michael W. Brown’s last VMW Sell transaction on November 19, 2012, the stock climbed by 68.0%. This is Brown’s first transaction since reporting a Sell transaction on NSP back in September 2016

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Based on VMware’s latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $2.2 billion and quarterly net profit of $334 million. In comparison, last year the company earned revenue of $1.98 billion and had a net profit of $443 million. VMW’s market cap is $63.28B and the company has a P/E ratio of 43.30. Currently, VMware has an average volume of 1.18M.

Based on 14 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $178.50, reflecting a 15.6% upside. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy VMW with a $196 price target.

The insider sentiment on VMware has been negative according to 73 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Michael W. Brown’s trades have generated a 12.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

VMware, Inc. engages in the provision of cloud infrastructure and business mobility. Its products include Software-Defined Data Center, Hybrid Cloud Computing, and End-User Computing. It supports modernizing data centers, integrating public clouds, empowering digital workspaces and transforming security.

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