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

In a report released today, Brian White from Monness maintained a Hold rating on Oracle (ORCL). The company’s shares closed last Wednesday at $56.66.

According to, White is a top 25 analyst with an average return of 29.2% and a 78.3% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Slack Technologies, and Salesforce.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Oracle with a $55.54 average price target, a -1.9% downside from current levels. In a report released today, Needham also assigned a Hold rating to the stock.

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Based on Oracle’s latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of $10.44 billion and net profit of $3.12 billion. In comparison, last year the company earned revenue of $11.14 billion and had a net profit of $3.74 billion.

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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