Larry Ellison to sell up to $7.5bn worth of Oracle stock
Oracle co-founder and Executive Chair Larry Ellison canceled a plan to sell up to 50 million Oracle shares worth about $7.5 billion based on Friday closing prices. The trading plan was scrapped just a day after initial disclosures surfaced, and no shares were sold. The reversal occurs while Oracle stock trades at $154 following record first-quarter results, and as Barclays lifts its price target for the company to $252. Ellison walked away from the massive offloading plan without explanation.
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- ✓ Oracle announced Saturday that Larry Ellison canceled a plan to sell up to 50 million Oracle shares.
- ✓ The canceled shares would have been worth about $7.5 billion at Friday's closing price.
- ✓ Larry Ellison holds the title of Oracle co-founder and Executive Chair.
- ✓ Barclays lifted its price target for Oracle to $252.
What changed
Financial analysis and reporting now link the canceled sale to a Barclays price target increase to $252 alongside record first-quarter results.
Live updates
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Oracle Co-Founder Larry Ellison Scraps $7.5B Stock Sale
Oracle co-founder and Executive Chair Larry Ellison canceled a plan to sell up to 50 million Oracle shares worth about $7.5 billion based on Friday closing prices. The trading plan was scrapped just a day after initial disclosures surfaced, and no shares were sold. The reversal occurs while Oracle stock trades at $154 following record first-quarter results, and as Barclays lifts its price target for the company to $252. Ellison walked away from the massive offloading plan without explanation.
Why it matters
Insider transactions involving top executives draw intense scrutiny from market observers and investors tracking company leadership confidence. When major stakeholders alter scheduled divestment plans abruptly, market participants monitor the underlying asset valuation and institutional price targets for shifts. Barclays recently lifted its price target to $252 while shares trade at $154 following record quarterly results.
What is confirmed
- Oracle announced Saturday that Larry Ellison canceled a plan to sell up to 50 million Oracle shares.
- The canceled shares would have been worth about $7.5 billion at Friday's closing price.
- Larry Ellison holds the title of Oracle co-founder and Executive Chair.
- Barclays lifted its price target for Oracle to $252.
- Oracle stock trades at $154 after record first-quarter results.
Still unconfirmed
- Larry Ellison walked away from the stock sale plan without providing an explanation.
What to watch next
- Future insider trading filings from Larry Ellison
- Subsequent analyst price target adjustments for Oracle stock
confidence 100%Sources used for this update (4)
- nypost.com — Larry Ellison cancels plan to sell Oracle stock worth up to $7.5B
- 247wallst.com — On Second Thought, Never Mind: Here’s Why ORCL’s Larry Ellison Just Canceled $7.5 Billion Stock Sale
- blockonomi.com — Oracle (ORCL) Stock: Larry Ellison Scraps $7.5B Share Sale Plan After One Day
- blockonomi.com — Oracle (ORCL) Stock: Ellison Abandons $7.5B Share Sale as Analysts Boost Targets
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Larry Ellison Scraps $7.5B Oracle Stock Sale Plan
Oracle co-founder and executive chairman Larry Ellison has canceled his plan to sell up to 50 million Oracle shares, which would have been worth about $7.5 billion based on Friday closing prices. Oracle announced the cancellation on Saturday, just a day after initial disclosures of the trading plan surfaced. The planned share sale was scrapped because Europe lacks an equivalent instrument and blocks the window instead. The sudden reversal avoids a multi-billion-dollar stock offloading by one of the company's top executives, drawing immediate attention from market observers and investors tracking insider trading activity.
Why it matters
Insider stock sales by major executives often signal shifts in personal liquidity or portfolio management, making sudden plan reversals a notable event for shareholders. Regulatory filings initially revealed the planned transaction before the abrupt cancellation was confirmed by the company over the weekend. The involvement of European rules highlights the cross-border complexities that can impact large-scale executive trading strategies.
What is confirmed
- Larry Ellison canceled a plan to sell up to 50 million Oracle shares worth about $7.5 billion at Friday closing prices.
- Oracle announced Saturday that its co-founder and executive chairman had scrapped the trading plan.
- The share sale plan surfaced for a day before being cancelled.
What to watch next
- Any subsequent regulatory filings from Oracle detailing future insider trading plans by Larry Ellison.
- Further official explanations from Oracle or its executives regarding the European regulatory hurdles.
confidence 100%Sources used for this update (7)
- Financial Times — Larry Ellison to sell up to $7.5bn worth of Oracle stock
- WSJ — Larry Ellison Scraps Plan to Sell Up to $7.5 Billion Worth of Oracle Stock
- Financial Times — Larry Ellison cancels $7.5bn Oracle share sale
- Oracle - Investor Relations — Larry Ellison Cancels His Plan to Sell Oracle Stock
- CNBC — Oracle's Larry Ellison adopts trading plan to sell up to $7.5 billion worth of stock
- thenextweb.com — Larry Ellison has cancelled his plan to sell $7.5bn of Oracle stock, a day after it surfaced
- kelo.com — Larry Ellison cancels plan to sell Oracle stock worth up to $7.5 billion
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