This evening we watched Oracle drop -6.0% to a price of $101.85 per share. The large-cap Software company is now trading -22.44% below its average target price of $131.32. Analysts have set target prices ranging from $105.0 to $150.0 per share for Oracle, and have given the stock an average rating of buy.
The stock has a very low short interest at 1.1%, and a short ratio of 1.15. The company's insiders own 42.49% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that only a small number of institutional investors are invested in the stock, with 43.6% of Oracle's shares being owned by this investor type.
Institutions Invested in Oracle
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 5% | 139,389,898 | $14,196,860,898 |
| 2023-06-30 | Blackrock Inc. | 4% | 120,625,641 | $12,285,721,351 |
| 2023-06-30 | State Street Corporation | 2% | 63,514,823 | $6,468,984,625 |
| 2023-06-30 | JP Morgan Chase & Company | 1% | 34,102,445 | $3,473,333,971 |
| 2023-06-30 | FMR, LLC | 1% | 33,508,717 | $3,412,862,775 |
| 2023-06-30 | Geode Capital Management, LLC | 1% | 29,109,414 | $2,964,793,771 |
| 2023-06-30 | Morgan Stanley | 1% | 24,003,167 | $2,444,722,522 |
| 2023-06-30 | Loomis Sayles & Company, LP | 1% | 19,969,497 | $2,033,893,238 |
| 2023-06-30 | First Eagle Investment Management, LLC | 1% | 18,735,569 | $1,908,217,674 |
| 2023-06-30 | Fisher Asset Management, LLC | 1% | 18,537,261 | $1,888,020,004 |
Besides an analyst consensus of strong upside potential, other market factors point to there being positive market sentiment on Oracle.
