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

In a report released today, Brian Schwartz from Oppenheimer maintained a Hold rating on Oracle (ORCL). The company’s shares closed last Tuesday at $81.64, close to its 52-week high of $85.03.

According to, Schwartz is a top 25 analyst with an average return of 32.1% and a 78.0% success rate. Schwartz covers the Technology sector, focusing on stocks such as Procore Technologies Inc, Qualtrics International, and Holdings.

Currently, the analyst consensus on Oracle is a Hold with an average price target of $76.10, a -7.2% downside from current levels. In a report issued on June 8, Societe Generale also maintained a Hold rating on the stock with a $86.00 price target.

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Based on Oracle’s latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $10.09 billion and net profit of $5.02 billion. In comparison, last year the company earned revenue of $9.8 billion and had a net profit of $2.57 billion.

Based on the recent corporate insider activity of 43 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. Last month, Larry Ellison, the EC of ORCL sold 2,250,000 shares for a total of $176,335,023.

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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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