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

In a report released today, Brian White from Monness maintained a Hold rating on Oracle Corp (ORCLResearch Report). The company’s shares closed last Monday at $54.54.

According to TipRanks.com, White is a top 100 analyst with an average return of 23.6% and a 70.0% success rate. White covers the Technology sector, focusing on stocks such as Slack Technologies Inc, Spotify Technology SA, and Salesforce.com.

Currently, the analyst consensus on Oracle Corp is a Moderate Buy with an average price target of $59.69.

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Based on Oracle Corp’s latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of $11.14 billion and net profit of $3.74 billion. In comparison, last year the company earned revenue of $9.19 billion and had a net profit of $2.27 billion.

Based on the recent corporate insider activity of 18 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. Most recently, in July 2019, Naomi Seligman, a Director at ORCL sold 90,000 shares for a total of $5,356,800.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.