Today, the CEO of VMware (NYSE: VMW), Patrick Gelsinger, sold shares of VMW for $4.02M.
Following Patrick Gelsinger’s last VMW Sell transaction on November 21, 2012, the stock climbed by 63.1%.
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Based on VMware’s latest earnings report for the quarter ending July 31, the company posted quarterly revenue of $2.17 billion and quarterly net profit of $644 million. In comparison, last year the company earned revenue of $1.9 billion and had a net profit of $334 million. VMW’s market cap is $61.68B and the company has a P/E ratio of 39.46. Currently, VMware has an average volume of 991.7K.
Based on 16 analyst ratings, the analyst consensus is Strong Buy with an average price target of $171.87, reflecting a 13.7% upside. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy VMW with a $186 price target.
The insider sentiment on VMware has been negative according to 76 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Patrick Gelsinger’s trades have generated a -32.9% 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.
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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.
