Oracle Corp (ORCL) Files Form 4 Insider Selling : Dorian Daley Sells 16,065 Shares

Oracle Corp (ORCL): Dorian Daley , EVP, Gen’l Counsel, Secretary of Oracle Corp sold 16,065 shares on Sep 22, 2016. The Insider selling transaction was reported by the company on Sep 23, 2016 to the Securities and Exchange Commission. The shares were sold at $39.61 per share for a total value of $636,321.81 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 16, 2016, Hector Garcia-molina (director) sold 3,750 shares at $40.16 per share price.On Aug 12, 2016, John F Fowler (EVP, Systems) sold 500,000 shares at $41.10 per share price.Also, On Jun 24, 2016, Naomi O Seligman (director) sold 25,000 shares at $40.74 per share price.On Jun 22, 2016, Michael J Boskin (director) sold 75,000 shares at $40.00 per share price.

Oracle Corporation (ORCL) witnessed a volatile trading activity on Thursday Sep 22, 2016 and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $39.68 and reached the intraday high at $39.8. The bulls started the profit booking and pushed the shares to intraday low of $39.48. The trading session was marked by a volume range of 96,79,298 shares exchanging hands. The 52-week high of the shares is $42 and the 52-week low is $33.13. The market cap of the company stands at $162,211 M and there are 4,10,55,67,000 shares in public circulation.

Oracle Corporation Money Flow Index Chart

On Sep 15, 2016, Oracle Corporation announced a cash dividend of $0.1500. The company’s management has announced Oct 10, 2016 as the ex-dividend date and fixed the record date on Oct 12, 2016. The payable date has been fixed on Oct 26, 2016.

Company has been under the radar of several Street Analysts.Oracle Corporation is Reiterated by Stifel to Buy while Lowering the Price Target of the company shares to $ 45 from a previous price target of $48 . The Rating was issued on Sep 23, 2016.Oracle Corporation is Reiterated by RBC Capital Mkts to Outperform while Lowering the Price Target of the company shares to $ 42 from a previous price target of $43 . The Rating was issued on Sep 16, 2016.Oracle Corporation is Reiterated by BMO Capital Markets to Outperform while Lowering the Price Target of the company shares to $ 46 from a previous price target of $47 . The Rating was issued on Sep 16, 2016.Oracle Corporation is Initiated by Rosenblatt to Buy and the brokerage firm has set the Price Target at $48. The Rating was issued on Aug 8, 2016.Oracle Corporation is Upgraded by BMO Capital Markets to Outperform and the brokerage firm has raised the Price Target to $ 47 from a previous price target of $45 .Earlier the firm had a rating of Market Perform on the company shares. The Rating was issued on Jul 12, 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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