In yesterday’s Wall Street session, Dell Technologies Inc (NYSE:DELL) shares traded at $166.08, up 3.68% from the previous session.
DELL stock price is now 32.03% away from the 50-day moving average and 88.62% away from the 200-day moving average. The market capitalization of the company currently stands at $118.55B.
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With the price target enhanced from $140 to $170, Wells Fargo maintained Overweight rating for Dell Technologies Inc (NYSE: DELL). On May 21, 2024, Citigroup reiterated its ‘Buy’ rating on the stock by increasing its target price from $125 to quote $170, while ‘Barclays’ rates the stock as ‘Underweight’
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 $14.42 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 $25244.16. A total of 62.48% of the company’s stock is owned by insiders.
During the past 12 months, Dell Technologies Inc has had a low of $44.45 and a high of $166.77. According to the stock market information, the enterprise value for the company is $138126295040, which is based on a 38.04 price-to-earnings ratio, a 46.96 price-to-earnings-growth ratio, and a beta of 0.89. The fifty day moving average price for DELL is $125.79 and a two-hundred day moving average price translates $88.05105 for the stock.
The latest earnings results from Dell Technologies Inc (NYSE: DELL) was released for 2024-02-02. 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.
