Oracle Vice Chairman Henley Sells Over $50M in Stock

Oracle Corp’s Vice Chairman, Jeffrey Henley, recently made significant stock transactions, as revealed by regulatory filings. On March 12, Henley sold a total of 60978 shares at an average price of approximately $125.25, 126567 shares at around $126.26, 106654 shares at close to $127.09, 79507 shares at about $128.33, and 26294 shares at an average of $129.03. These sales amounted to over $50.7 million.

These transactions were executed under a Rule 10b5-1 trading plan, allowing insiders to pre-plan stock sales. The plan was adopted in October 2023. Additionally, Henley acquired 400,000 shares of Oracle common stock through the exercise of stock options, valued at approximately $16.2 million.

While these transactions altered Henley’s direct holdings in Oracle, investors should note that the 10b5-1 plan indicates premeditated sales, potentially unrelated to Henley’s outlook on Oracle’s future.

Oracle’s stock performance and insider activities are closely watched by investors. Henley’s recent transactions reflect ongoing evaluation of Oracle’s position in the competitive tech industry.

InvestingPro Insights: Oracle Corporation (NYSE:ORCL) has demonstrated strong financials, boasting a market capitalization of $344.72 billion and a high P/E ratio of 32.29. The company has also experienced solid revenue growth of 9.49% over the last twelve months as of Q3 2023.

Despite insider sales, Oracle has seen a significant return over the last week, with a price total return of 9.59%, potentially indicating positive market sentiment. Oracle’s commitment to returning value to shareholders is evident through its dividend increases for 10 consecutive years.

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