The price of Dell Technologies Inc (NYSE:DELL) shares last traded on Wall Street rose 5.22% to $142.03.
DELL stock price is now 6.41% away from the 50-day moving average and 50.98% away from the 200-day moving average. The market capitalization of the company currently stands at $100.73B.
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With the price target enhanced from $105 to $155, TD Cowen maintained Hold rating for Dell Technologies Inc (NYSE: DELL). On May 29, 2024, BofA Securities reiterated its ‘Buy’ rating on the stock by increasing its target price from $130 to quote $180, while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, DELL MICHAEL S, Chief Executive Officer sold 2,837,829 shares of the company’s stock on Jun 14 ’24. The stock was sold for $379,547,443 at an average price of $133.75. Upon completion of the transaction, the Chief Executive Officer now directly owns 20,412,241 shares in the company, valued at $2.9 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 13 ’24, Chief Executive Officer DELL MICHAEL S sold 3,475,496 shares of the business’s stock. A total of $469,096,968 was realized by selling the stock at an average price of $134.97. This leaves the insider owning 23,250,070 shares of the company worth $3.3 billion. A total of 62.18% of the company’s stock is owned by insiders.
During the past 12 months, Dell Technologies Inc has had a low of $48.74 and a high of $179.70. According to the stock market information, the enterprise value for the company is $121267462144, which is based on a 29.01 price-to-earnings ratio, a 35.81 price-to-earnings-growth ratio, and a beta of 0.92. The fifty day moving average price for DELL is $133.662 and a two-hundred day moving average price translates $94.50485 for the stock.
The latest earnings results from Dell Technologies Inc (NYSE: DELL) was released for 2024-05-03. The company reported revenue of $22.24 billion for the quarter, compared to $20.92 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.32 percent.
