Oracle stock is trading -13.6% below its average target price of $118.37 after marking a 1.4% during today's afternoon session. Analysts are giving the large-cap Software company an average rating of buy and target prices ranging from $92.88 to $139.32 per share.
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 2.51. The company's insiders own 42.11% 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 43.9%. In conclusion, we believe there is positive market sentiment regarding Oracle.
Institutions Invested in Oracle
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 5% | 147,273,413 | $15,061,651,453 |
| 2023-09-30 | Blackrock Inc. | 4% | 121,227,674 | $12,397,953,813 |
| 2023-09-30 | State Street Corporation | 2% | 63,022,558 | $6,445,316,795 |
| 2023-09-30 | JP Morgan Chase & Company | 1% | 38,837,617 | $3,971,922,960 |
| 2023-09-30 | FMR, LLC | 1% | 31,479,874 | $3,219,446,608 |
| 2023-09-30 | Geode Capital Management, LLC | 1% | 30,915,444 | $3,161,722,354 |
| 2023-09-30 | Morgan Stanley | 1% | 20,021,109 | $2,047,558,750 |
| 2023-09-30 | Loomis Sayles & Company, LP | 1% | 19,297,886 | $1,973,594,736 |
| 2023-09-30 | Fisher Asset Management, LLC | 1% | 18,785,307 | $1,921,173,283 |
| 2023-09-30 | Northern Trust Corporation | 1% | 18,718,180 | $1,914,308,205 |
