Oracle (NYSE:ORCL) Price Target Raised to $306.00 at Berenberg Bank

Key Points

• Oracle's price target has been raised significantly from $202.00 to $306.00 by Berenberg Bank, indicating a potential upside of 1.52% from its current stock price.
• Multiple research firms, including Guggenheim and BNP Paribas, have issued varying price targets for Oracle, with the average target price estimated at $297.12 and a general rating of "Moderate Buy."
• Recently, Oracle shares have seen increased trading activity, climbing 3.2% to reach $301.41, with a notable market capitalization of $856.51 billion.

Oracle (NYSE:ORCL - Get Free Report) had its price objective raised by equities research analysts at Berenberg Bank from $202.00 to $306.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a "hold" rating on the enterprise software provider's stock. Berenberg Bank's price objective points to a potential upside of 1.52% from the stock's current price.

ORCL has been the subject of several other research reports. Loop Capital set a $135.00 target price on shares of Oracle in a report on Tuesday, June 10th. Guggenheim lifted their target price on shares of Oracle from $250.00 to $375.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. UBS Group set a $300.00 price target on shares of Oracle in a research note on Wednesday. BNP Paribas set a $377.00 price target on shares of Oracle in a research note on Wednesday. Finally, Citigroup restated an "outperform" rating on shares of Oracle in a research note on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat, Oracle has an average rating of "Moderate Buy" and an average target price of $297.12.

Oracle Trading Up 3.2%

Shares of NYSE ORCL traded up $9.23 during midday trading on Monday, reaching $301.41. 22,584,822 shares of the stock were exchanged, compared to its average volume of 13,381,790. The company has a 50 day simple moving average of $244.69 and a 200 day simple moving average of $190.68. The stock has a market capitalization of $856.51 billion, a P/E ratio of 69.90, a PEG ratio of 3.16 and a beta of 1.46. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. Oracle has a twelve month low of $118.86 and a twelve month high of $345.72.

Insider Activity

In other Oracle news, insider Michael D. Sicilia sold 15,880 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the transaction, the insider directly owned 99,212 shares in the company, valued at approximately $25,247,469.76. This represents a 13.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Rona Alison Fairhead bought 480 shares of the stock in a transaction on Monday, July 7th. The shares were bought at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the completion of the transaction, the director directly owned 22,110 shares of the company's stock, valued at $5,170,865.70. This trade represents a 2.22% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 44,183 shares of company stock valued at $10,353,198 over the last ninety days. 42.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Redmont Wealth Advisors LLC acquired a new stake in shares of Oracle in the first quarter valued at approximately $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Oracle in the first quarter valued at approximately $28,000. Winnow Wealth LLC acquired a new stake in shares of Oracle in the second quarter valued at approximately $28,000. Iron Horse Wealth Management LLC grew its position in shares of Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after purchasing an additional 151 shares during the last quarter. Finally, Sunbeam Capital Management LLC purchased a new position in shares of Oracle during the fourth quarter valued at approximately $30,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Company Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.