Oracle Corp (NYSE:ORCL) director Charles W. Moorman made a significant acquisition of company shares, according to a recent SEC filing. On February 12, Moorman purchased 5,500 shares of Oracle's common stock at an average price of $172.35 per share. The total transaction amounted to approximately $947,913. The purchase comes as Oracle, a prominent player in the software industry, trades at elevated multiples with a P/E ratio of 41.2x. According to InvestingPro analysis, the stock appears to be trading above its Fair Value. Following this acquisition, Moorman holds a total of 52,954 shares indirectly through multiple family trusts, as noted in the filing. Additionally, he maintains direct ownership of 35,589 shares. The company has demonstrated strong performance with a 54% return over the past year and has maintained dividend payments for 17 consecutive years. For deeper insights into Oracle's valuation and growth prospects, including 15+ additional ProTips, check out the comprehensive analysis available on InvestingPro.
In other recent news, OpenAI, SoftBank (TYO:9984), and Oracle are close to finalizing additional locations in Texas for data center campuses. These data centers are part of a broader plan to boost AI infrastructure. The companies are also exploring other potential locations in 13 more states. Meanwhile, the sale of TikTok, a ByteDance subsidiary, is on hold as the company awaits approval from the Chinese government. This delay is part of a larger negotiation strategy with the Trump administration involving trade and technology policy concessions.
Simultaneously, SoftBank and OpenAI are forming a joint venture, SB OpenAI Japan, to offer AI services to corporate clients. This partnership is part of SoftBank's plan to expand its involvement with OpenAI, with a proposed investment of up to $25 billion. In another development, Oracle and Google (NASDAQ:GOOGL) Cloud are expanding their regional presence with eight new regions over the next 12 months. This expansion will meet increasing customer demand and introduce new capabilities to bolster database resilience and flexibility.
ServiceNow (NYSE:NOW) and Oracle have announced a data integration upgrade. This collaboration will connect Oracle's data sources with the ServiceNow platform in real-time, facilitating intelligent decision-making and operational efficiency for enterprises. This integration is expected to be available to select customers in the second half of 2025.
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