Oracle (ORCL) Receives a Hold from Monness

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Monness analyst Brian White maintained a Hold rating on Oracle (ORCL – Research Report) today. The company’s shares closed last Wednesday at $56.95, close to its 52-week high of $59.32.
According to TipRanks.com, White is a top 25 analyst with an average return of 30.1% and a 77.6% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Slack Technologies, and Alphabet Class A.
Currently, the analyst consensus on Oracle is a Moderate Buy with an average price target of $54.43, a -3.1% downside from current levels. In a report issued on September 8, Barclays also maintained a Hold rating on the stock with a $52.00 price target.

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Oracle’s market cap is currently $174.8B and has a P/E ratio of 17.90. The company has a Price to Book ratio of -4.79.

Based on the recent corporate insider activity of 34 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 2020, Larry Ellison, the EC of ORCL sold 3,650,000 shares for a total of $200,172,815.
TipRanks has tracked 36,000 company insiders …

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