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
|2023-06-30||Vanguard Group Inc||5%||139,389,898||$16,459,145,586|
|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||Geode Capital Management, LLC||1%||29,109,414||$3,437,236,771|
|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|