Oracle (ORCL) Receives a Hold from Barclays

Barclays analyst Raimo Lenschow maintained a Hold rating on Oracle (ORCLResearch Report) today and set a price target of $82.00. The company’s shares opened today at $76.06.

Lenschow covers the Technology sector, focusing on stocks such as Oracle, MongoDB, and Snowflake. According to TipRanks, Lenschow has an average return of 9.3% and a 50.83% success rate on recommended stocks.

In addition to Barclays, Oracle also received a Hold from JMP Securities’s Patrick Walravens in a report issued today. However, on the same day, Credit Suisse maintained a Buy rating on Oracle (NYSE: ORCL).

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Based on Oracle’s latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of $11.84 billion and a net profit of $3.19 billion. In comparison, last year the company earned a revenue of $11.23 billion and had a net profit of $4.03 billion

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ORCL in relation to earlier this year. Most recently, in June 2022, Larry Ellison, the EC of ORCL bought 7,000,000.00 shares for a total of $208,040,000.00.

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.

Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies. The Hardware segment provides hardware products and hardware-related software products including Oracle Engineered Systems, servers, storage, industry-specific hardware, operating systems, virtualization, management and other hardware related software, and related hardware support. The Services segment offers consulting, advanced support, and education services. The company was founded by Lawrence Joseph Ellison, Robert Nimrod Miner and Edward A. Oates on June 16, 1977 and is headquartered in Redwood City, CA.

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