Alison Fairhead, a director at Oracle Corp (ORCL), recently added 1,286 shares. The buy increased her stake by nearly 5.7 percent, and came to a total purchase price of just under $110,000.
The director has been a prior buyer of shares back in March, picking up 10,242 shares for just under $689,000, and at a purchase price about 35 percent lower compared to where shares trade today. Otherwise, company insiders at the tech company have largely been sellers.
Company insiders still own nearly 42 percent of the company, thanks to the large ownership stake of founder Larry Ellison.
- Man Who Predicted 2008 Crash: “The Mother of All Crashes is Coming”
If you've watched the movie The Big Short,you've heard of Michael Burry. He was one of the few who no only predicated the 2008 crash but profited from it.
He made $750 million for his investors and $100 million personally when his bet against the housing market paid off. His next big prediction?
He's warning the "mother of all crashes" is coming.
If you have any money in the markets, I urge you to click here and get the exact day of the next stock market crash.
The tech company has been a strong performer in the past year, with shares up 51 percent. The database software company is in the early stages of shifting its business model to a recurring revenue model. Results have been mixed so far, with slight earnings and revenue growth, but with the company reporting a fat 34 percent profit margin.
Action to take: Investors may like shares here. The company has been paying a growing dividend, and investors can get a starting yield right now of just over 1.4 percent.
Shares have been pushing higher even with the recent market weakness. Traders may like the January $95 calls. Last going for about $3.50, the trade can likely deliver mid-to-high double-digit returns in the coming months.
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.