Oracle Corp (ORCL) Files Form 4 Insider Selling : Naomi O Seligman Sells 25,000 Shares

Oracle Corp (ORCL): Naomi O Seligman , director of Oracle Corp sold 25,000 shares on Jun 23, 2016. The Insider selling transaction was reported by the company on Jun 24, 2016 to the Securities and Exchange Commission. The shares were sold at $40.74 per share for a total value of $1,018,397.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 22, 2016, Michael J Boskin (director) sold 75,000 shares at $40.00 per share price.On Jun 17, 2016, Hector Garcia-molina (director) sold 3,750 shares at $38.65 per share price.Also, On Apr 26, 2016, Thomas Kurian (President-Product Development) sold 179,267 shares at $41.25 per share price.On Apr 13, 2016, Jeffrey Berg (director) sold 10,400 shares at $40.80 per share price.

Shares of Oracle Corporation (ORCL) ended Friday, Jun 24, 2016 session in red amid volatile trading. The shares closed down -1.6 points or -3.92% at $39.23 with 4,42,04,510 shares getting traded. Post opening the session at $39.38, the shares hit an intraday low of $39.02 and an intraday high of $39.89 and the price vacillated in this range throughout the day. The company has a market cap of $161,735 M and the number of outstanding shares has been calculated to be 4,12,27,30,000 shares. The 52-week high of Oracle Corporation is $42 and the 52-week low is $33.13.

Oracle Corporation Money Flow Index Chart

On Jun 16, 2016, Oracle Corporation announced a cash dividend of $0.1500. The company’s management has announced Jul 1, 2016 as the ex-dividend date and fixed the record date on Jul 6, 2016. The payable date has been fixed on Jul 27, 2016.

Company has been under the radar of several Street Analysts.Oracle Corporation is Initiated by Northland Capital to Outperform and the brokerage firm has set the Price Target at $50. The Rating was issued on Apr 20, 2016.

Oracle Corporation (Oracle) is a provider of enterprise software and computer hardware products and services. The Company’s offerings include Oracle database and middleware software application software cloud infrastructure hardware systems including computer server storage and networking products and related services. It operates through various segments including new software licenses and cloud software subscriptions which include software licenses and Oracle Cloud offerings; cloud infrastructure-as-a-service which provides deployment and management offerings; software license updates and product support which includes support enhancements and upgrades for Oracle software products; hardware systems products which includes servers storage networking virtualization software operating systems and management software; hardware systems support which provides software updates for software components and services business which offers consulting services

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