Insider Trading Report: Oracle Corp (ORCL)

Charles Moorman, a director at Oracle Corp (ORCL), recently picked up 15,000 shares. The buy increased his stake by 27 percent, and came to a total price just over $1.25 million.

  • Special: See What One Ticker... One Trade... EVERY WEEK...Can Do for YOU
  • Insiders have a mixed history over the past few years, with more sales than buys, as is fairly typical for tech companies, which tend to be generous with their share issuance to company executives. The last buy came from another director back in October for nearly $222,000.

    Even with regular and large sales of shares by insiders, they still own nearly 42 percent of the firm.

    Shares have recently pulled back about 27 percent from an all-time high near $106. Even with that drop, the software enterprise company is still up about 35 percent over the past year, more than twice the return of the S&P 500.

    Oracle now trades at about 22 times forward earnings, and revenue has been growing in the low single-digit levels.

  • Special: 1 New Trade. Each Week. 80% Win Rate Guarantee. Get the Details Here.
  • Action to take: Investors may like shares here given the size of the recent pullback. The company is a dividend growth player, with a starting yield for investors right now of about 1.6 percent.

    Traders should get a big move higher when the recent market fear in the tech space ends and stocks start to move higher. The June $90 calls, last going for about $3.40, could drop a little more in the coming days, but could easily move in-the-money before expiration.

     

    Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.

  • Special: See What One Ticker... One Trade... EVERY WEEK...Can Do for YOU
  • [wp-post-author image-layout="round"]