Oracle director Naomi Seligman sells $291,620 in stock

Published 04/04/2025, 22:26
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Naomi Seligman, a director at Oracle Corp . (NYSE:ORCL), recently sold 2,000 shares of the company’s common stock. The shares were sold at an average price of $145.81 each, amounting to a total transaction value of $291,620. Following this sale, Seligman holds 34,630 shares directly. Additionally, she maintains indirect ownership of 6,010 shares through her spouse and 14,414 shares held in a trust. This transaction was filed with the SEC on April 4, 2025.The sale occurred at a premium to Oracle’s current trading price of $128.27, with the stock showing a year-to-date decline of 17.45%. InvestingPro analysis indicates Oracle is currently trading at a high P/E ratio of 29.57x relative to its near-term earnings growth. The company maintains a strong dividend track record, having raised payments for 11 consecutive years, with a current yield of 1.46%.Want deeper insights into Oracle’s insider trading patterns and valuation metrics? Access the comprehensive Pro Research Report, available exclusively on InvestingPro, covering this and 1,400+ other top US stocks.

In other recent news, Oracle’s cloud infrastructure and AI strategies have garnered significant attention from several analyst firms. TD Cowen reaffirmed a Buy rating with a $210 price target, citing Oracle’s strong demand for AI services and plans to expand its GPU cluster capabilities. The firm’s analysts highlighted Oracle Cloud Infrastructure’s (OCI) impressive growth, with annualized revenues reaching $10.6 billion and a 57% year-over-year increase in OCI consumption. Similarly, Piper Sandler maintained an Overweight rating with a $190 target, emphasizing Oracle’s milestone of surpassing a $10 billion run-rate in cloud services, accounting for 19% of the company’s sales.

KeyBanc Capital Markets also sustained an Overweight rating with a $200 target, noting Oracle’s strategic focus on AI at the hyperscale level and the adaptability of its data centers. The firm’s analysts expressed confidence in Oracle’s continued investment in AI and cloud services, despite potential shifts in hardware demands. These endorsements reflect Oracle’s commitment to expanding its cloud offerings and addressing the growing needs of the hyperscale computing market. Meanwhile, ByteDance is nearing the deadline to sell TikTok’s U.S. assets, with President Trump extending the deadline to ensure the deal’s completion. The President emphasized the progress in negotiations and the importance of keeping TikTok operational during this period.

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