In yesterday’s Wall Street session, Dell Technologies Inc (NYSE:DELL) shares traded at $149.16, up 11.21% from the previous session.
DELL stock price is now 24.11% away from the 50-day moving average and 77.09% away from the 200-day moving average. The market capitalization of the company currently stands at $106.47B.
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With the price target enhanced from $128 to $152, Morgan Stanley maintained Overweight rating for Dell Technologies Inc (NYSE: DELL). On March 01, 2024, TD Cowen reiterated its ‘Market Perform’ rating on the stock by increasing its target price from $75 to quote $105, while ‘Loop Capital’ rates the stock as ‘Buy’
In other news, Rothberg Richard J, General Counsel & Secretary sold 93,954 shares of the company’s stock on Apr 08 ’24. The stock was sold for $12,491,184 at an average price of $132.95. Upon completion of the transaction, the General Counsel & Secretary now directly owns 86,836 shares in the company, valued at $12.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 04 ’24, Director SLTA IV (GP), L.L.C. sold 346,931 shares of the business’s stock. A total of $46,207,922 was realized by selling the stock at an average price of $133.19. This leaves the insider owning 152 shares of the company worth $22672.32. A total of 62.78% of the company’s stock is owned by insiders.
During the past 12 months, Dell Technologies Inc has had a low of $44.44 and a high of $136.16.
According to the Computer Hardware Company, earnings per share came in at 1.31, beating analysts’ expectations of 0.86 by 0.45. This compares to $0.87 EPS in the same period last year. The company reported revenue of $22.32 billion for the quarter, compared to $25.04 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.87 percent. For the current quarter, analysts expect DELL to generate $21.66B in revenue.
