Bearish
Oracle's stock drops 2% to $147.60 after CEO's $1.52 million share sale.
Oracle's stock declined by 2% to $147.60 following CEO Michael Sicilia's sale of 10,882 shares, valued at approximately $1.52 million. Despite this insider transaction, analysts maintain a "Moderate Buy" rating with an average price target of $252.58, citing strong quarterly results and a substantial cloud backlog.
Key points
- CEO Michael Sicilia sold 10,882 shares for $1.52 million, leading to a 2% stock decline.
- Analysts uphold a "Moderate Buy" rating with a $252.58 price target.
- Oracle reported strong quarterly results, including $1.92 EPS and $19.34 billion revenue.
- The company has a $664 billion cloud backlog and approximately $30 billion in AI-related deals.
Sources
AI-generated from public news sources. Not financial advice.
