Michael Dell, the founder, chairman and CEO of Dell Technologies (DELL), sold $1 billion worth of company stock in October of this year.
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Regulatory filings with the U.S. Securities and Exchange Commission (SEC) show that Dell sold 6.25 million shares at a price of $159.91 each, netting proceeds of just over $1 billion. Additionally, the Michael and Susan Dell Foundation, a charitable organization, sold 2.72 million DELL shares, raising close to $425 million.
After the sale, Michael Dell remains the company’s largest individual stockholder with 17.5 million shares worth $2.4 billion or 5% of Dell Technologies. The share sale in mid-October appears to have been well-timed as it occurred with DELL stock near a 52-week high. Since the sale, Dell’s share price has declined 14% amid a broader pullback in artificial intelligence-related (AI) stocks.
Net Worth
As the founder of Dell Technologies, the second-largest computer manufacturer, Michael Dell has a net worth estimated at $151 billion, making him the 10th richest person in the world, according to the Bloomberg Billionaires Index.
It is not known why Michael Dell sold such a large quantity of DELL stock in October. In recent years, the company has focused on developing servers that can run AI applications and models in data centers. DELL stock has gained 22% so far in 2025.
Is DELL Stock a Buy?
Dell Technologies stock has a consensus Moderate Buy rating among 18 Wall Street analysts. That rating is based on 13 Buy and five Hold recommendations issued in the last three months. The average DELL price target of $167.44 implies 20.87% upside from current levels.
