Insider Selling: VMware, Inc. (VMW) COO Sells 10,000 Shares of Stock
VMware, Inc. (NYSE:VMW) COO Sanjay Poonen sold 10,000 shares of the stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $129.71, for a total transaction of $1,297,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Sanjay Poonen also recently made the following trade(s):
- On Friday, December 8th, Sanjay Poonen sold 2,764 shares of VMware stock. The stock was sold at an average price of $118.50, for a total transaction of $327,534.00.
VMware, Inc. (NYSE VMW) traded up $4.05 during midday trading on Friday, reaching $133.27. 1,345,900 shares of the company’s stock were exchanged, compared to its average volume of 1,379,463. VMware, Inc. has a 12-month low of $80.90 and a 12-month high of $133.33. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.51. The company has a market cap of $53,470.00, a P/E ratio of 38.08, a price-to-earnings-growth ratio of 3.02 and a beta of 0.67.
Institutional investors have recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. lifted its position in shares of VMware by 1,643.8% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 1,273 shares of the virtualization software provider’s stock worth $139,000 after buying an additional 1,200 shares during the last quarter. Enterprise Financial Services Corp lifted its position in shares of VMware by 3,975.6% in the 3rd quarter. Enterprise Financial Services Corp now owns 1,671 shares of the virtualization software provider’s stock worth $182,000 after buying an additional 1,630 shares during the last quarter. BlueMountain Capital Management LLC bought a new position in shares of VMware in the 2nd quarter worth about $191,000. Cadence Capital Management LLC bought a new position in shares of VMware in the 3rd quarter worth about $204,000. Finally, Argent Trust Co bought a new position in shares of VMware in the 3rd quarter worth about $205,000. Institutional investors own 22.53% of the company’s stock.
Several equities research analysts have recently issued reports on the stock. Cowen raised shares of VMware from a “market perform” rating to an “outperform” rating in a research report on Thursday. KeyCorp raised shares of VMware from a “sector weight” rating to an “overweight” rating and set a $142.00 price objective for the company in a research report on Monday, December 18th. Stifel Nicolaus increased their price objective on shares of VMware from $150.00 to $152.00 and gave the stock a “buy” rating in a research report on Sunday, December 3rd. CIBC raised their price target on shares of VMware from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, December 1st. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $120.00 price target on shares of VMware in a report on Thursday, November 30th. Eleven equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. VMware has an average rating of “Buy” and an average target price of $125.20.
VMware Company Profile
VMware, Inc is an information technology (IT) company. The Company is engaged in development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware. The Company offers various products, which allow organizations to manage IT resources across private clouds and multi-cloud, multi-device environments by leveraging synergies across three product categories: Software-Defined Data Center (SDDC), Hybrid Cloud Computing and End-User Computing (EUC).
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