Oracle (ORCL) Receives a Hold from Needham

In a report released today, Jack Andrews from Needham assigned a Hold rating to Oracle (ORCL). The company’s shares closed last Wednesday at $56.66.

According to, Andrews is a top 100 analyst with an average return of 27.2% and a 68.8% success rate. Andrews covers the Technology sector, focusing on stocks such as LiveRamp Holdings, CommVault Systems, and ServiceNow.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Oracle with a $55.54 average price target.

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The company has a one-year high of $60.50 and a one-year low of $39.71. Currently, Oracle has an average volume of 12.43M.

Based on the recent corporate insider activity of 41 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. Earlier this month, Larry Ellison, the EC of ORCL sold 3,650,000 shares for a total of $200,172,815.

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Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies. The Hardware segment provides hardware products and hardware-related software products including Oracle Engineered Systems, servers, storage, industry-specific hardware, operating systems, virtualization, management and other hardware related software, and related hardware support. The Services segment offers consulting, advanced support, and education services. The company was founded by Lawrence Joseph Ellison, Robert Nimrod Miner and Edward A. Oates on June 16, 1977 and is headquartered in Redwood City, CA.

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