J.P. Morgan analyst Mark Murphy maintained a Hold rating on Oracle Corp (NYSE: ORCL) today and set a price target of $53. The company’s shares opened today at $49.03.
According to TipRanks.com, Murphy is a 5-star analyst with an average return of 17.9% and a 74.7% success rate. Murphy covers the Technology sector, focusing on stocks such as Twilio Inc, Cision Ltd, and Microsoft.
Oracle Corp has an analyst consensus of Moderate Buy, with a price target consensus of $54.65, an 11.5% upside from current levels. In a report issued on September 12, KeyBanc also maintained a Hold rating on the stock.
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Based on Oracle Corp’s latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of $11.25 billion and net profit of $3.41 billion. In comparison, last year the company earned revenue of $9.19 billion and had a net profit of $2.21 billion.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. Most recently, in July 2018, Naomi Seligman, a Director at ORCL sold 45,000 shares for a total of $2,164,050.
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.
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