Oracle Corp (ORCL) Receives a Rating Update from a Top Analyst


Monness analyst Brian White maintained a Hold rating on Oracle Corp (ORCL) today. The company’s shares closed last Monday at $53.75.

According to TipRanks.com, White is a top 100 analyst with an average return of 23.6% and a 70.9% success rate. White covers the Technology sector, focusing on stocks such as Slack Technologies Inc, Spotify Technology SA, and Salesforce.com.

Oracle Corp has an analyst consensus of Hold, with a price target consensus of $59.20, implying a 10.1% upside from current levels. In a report issued on September 11, 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 August 31, the company reported a quarterly revenue of $9.22 billion and net profit of $2.14 billion. In comparison, last year the company earned revenue of $9.19 billion and had a net profit of $2.27 billion.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ORCL in relation to earlier this year. Most recently, in July 2019, Naomi Seligman, a Director at ORCL sold 90,000 shares for a total of $5,356,800.

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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