The stock of Oracle Corp. (NYSE:ORCL) last traded at $121.63, up 0.63% from the previous session.
ORCL stock price is now 1.01% away from the 50-day moving average and 7.00% away from the 200-day moving average. The market capitalization of the company currently stands at $334.30B.
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On March 21, 2024, KeyBanc Capital Markets recently initiated its ‘Overweight’ rating on the stock quoting a target price of $150, while ‘Argus’ rates the stock as ‘Buy’
In other news, BOSKIN MICHAEL J, Director sold 45,000 shares of the company’s stock on May 07 ’24. The stock was sold for $5,298,196 at an average price of $117.74. Upon completion of the transaction, the Director now directly owns 87,473 shares in the company, valued at $10.64 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 03 ’24, Director CONRADES GEORGE H sold 20,000 shares of the business’s stock. A total of $2,320,000 was realized by selling the stock at an average price of $116.00. This leaves the insider owning 17,836 shares of the company worth $2.17 million. A total of 41.92% of the company’s stock is owned by insiders.
During the past 12 months, Oracle Corp. has had a low of $96.92 and a high of $132.77. As of last week, the company has a debt-to-equity ratio of 15.65, a current ratio of 0.85, and a quick ratio of 0.85.
The net profit margin was 20.27% and return on equity was 664.77% for ORCL. The company reported revenue of $13.28 billion for the quarter, compared to $12.4 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.11 percent.
