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Oracle NASDAQ:ORCL President of Industries Michael D. Sicilia sold 33,845 shares of Oracle Corp NASDAQ:ORCL common stock on September 23, 2025, at a price of $321.16, totaling $10,869,660. The sale comes as Oracle, now valued at $892 billion, trades near its 52-week high of $345.72, having delivered a remarkable 91% return over the past year.
According to a Form 4 filing with the Securities and Exchange Commission, Sicilia also disposed of 17,310 shares and 35,495 shares of common stock on September 19 and September 22, respectively, to cover tax obligations. These shares were sold at prices ranging from $296.62 to $308.66, resulting in a total value of $16,090,378. With 18 analysts revising earnings upward and a consensus target suggesting further upside, InvestingPro subscribers can access comprehensive insider trading analysis and 18 additional key insights about Oracle’s valuation and growth prospects.
On September 19 and 20, Sicilia also acquired a total of 109,212 shares of Oracle common stock upon the exercise of 109,212 restricted stock units. The software giant maintains strong profitability with a 70% gross margin and has consistently raised its dividend for 12 consecutive years.
In other recent news, Oracle Corporation has announced the appointment of Clay Magouyrk and Mike Sicilia as new co-CEOs, with Safra Catz transitioning to Executive Vice Chair of the Board of Directors. This executive change comes as Oracle and OpenAI plan to expand their data center partnership in Abilene, Texas. The announcement of this expansion is expected to be made by OpenAI CEO Sam Altman and Oracle’s new co-CEO Clay Magouyrk. Analysts from KeyBanc have maintained an Overweight rating for Oracle, setting a price target of $350, while Jefferies has reiterated a Buy rating with a $360 price target, citing Oracle’s strategic positioning in AI. Additionally, Bernstein analyst Mark Shmulik highlighted Oracle’s recent $317 billion in new RPO, emphasizing the potential benefits from the company’s TikTok deal and its growing cloud services position. These developments reflect Oracle’s ongoing strategic initiatives and leadership changes as the company navigates key inflection points in its business strategy.
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