Why Is Oracle (ORCL) Rising Today?

By Emilio Sanchez • Wednesday, August 23 12:20 • Permanent Link

After this afternoon's 1.3% surge to $118.08 per share, Oracle might just keep moving past its target price of $114.59. With an average analyst rating of buy, and target prices from $50.47 to $137.63, the stock's next move is anyone's guess.

Oracle's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.0%. The stock's short ratio is 1.86. The company's insiders own 42.49% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.

Another number to watch is the company's rate of institutional share ownership, which now stands at 43.6%. In conclusion, we believe there is positive market sentiment regarding Oracle.

Institutions Invested in Oracle

Date Reported	Holder	Percentage	Shares	Value
2023-06-30	Vanguard Group Inc	5%	139,389,898	$16,459,145,586
2023-06-30	Blackrock Inc.	4%	120,625,641	$14,243,463,946
2023-06-30	State Street Corporation	2%	63,514,823	$7,499,824,116
2023-06-30	JP Morgan Chase & Company	1%	34,102,445	$4,026,813,385
2023-06-30	FMR, LLC	1%	33,508,717	$3,956,706,041
2023-06-30	Geode Capital Management, LLC	1%	29,109,414	$3,437,236,771
2023-06-30	Morgan Stanley	1%	24,003,167	$2,834,291,622
2023-06-30	Loomis Sayles & Company, LP	1%	19,969,497	$2,357,996,261
2023-06-30	First Eagle Investment Management, LLC	1%	18,735,569	$2,212,294,163
2023-06-30	Fisher Asset Management, LLC	1%	18,537,261	$2,188,877,974

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.