The COO, Products & Cloud Services of VMware (VMW) is Selling Shares


Yesterday, the COO, Products & Cloud Services of VMware (NYSE: VMW), Rangarajan Raghuram, sold shares of VMW for $5.89M.

Following Rangarajan Raghuram’s last VMW Sell transaction on December 14, 2017, the stock climbed by 32.3%. In addition to Rangarajan Raghuram, 3 other VMW executives reported Sell trades in the last month.

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Based on VMware’s latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $2.01 billion and quarterly net profit of $942 million. In comparison, last year the company earned revenue of $1.74 billion and had a net profit of $232 million. VMW’s market cap is $63.2B and the company has a P/E ratio of 49.87. Currently, VMware has an average volume of 2.34M.

Nine different firms, including Bernstein and Merrill Lynch, currently also have a Sell rating on the stock. Based on 15 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $165.31, reflecting a -7.1% downside. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy VMW with a $185 price target.

The insider sentiment on VMware has been negative according to 71 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

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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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