A company insider recently sold 12,532 shares of VMware Inc. [VMW]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. VMware Inc. shares valued at $1,637,556 were sold by Brulard Jean Pierre on Jun 07. At $130.67 per share, Brulard Jean Pierre sold 12,532 shares. The insider’s holdings dropped to 83,060 shares worth approximately $9.53 million following the completion of this transaction.


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Also, Rowe Zane sold 9,148 shares, netting a total of over 1,180,549 in proceeds. Following the sale of shares at $129.05 each, the insider now holds 189,117 shares.

Before that, Olli Amy Fliegelman had sold 2,351 shares from its account. In a trade valued at $303,114, the EVP, GC & Secretary traded VMware Inc. shares for $128.93 each. Upon closing the transaction, the insider’s holdings decreased to 2,351 shares, worth approximately $8.35 million.

As published in a research note from UBS on February 25, 2022, VMware Inc. [VMW] has been retained to a Neutral and the price target has been revised to $119. This represents a 3.61% premium over Thursday’s closing price. Analysts at Stifel resumed the stock at ‘”a Buy”‘ outlook in a report released in late February. As of February 25, 2022, Raymond James has reiterated its “an Outperform” rating for VMW. Earlier on February 25, 2022, Oppenheimer resumed its rating. Their recommendation was “an Outperform” for VMW stock.

Analyzing VMW’s Price Performance

On Thursday, VMware Inc. [NYSE: VMW] plunged -2.14% to $114.70. The stock’s lowest price that day was $114.64, but it reached a high of $117.14 in the same session. During the last five days, there has been a drop of approximately -5.10%. Over the course of the year, VMware Inc. shares have dropped approximately -1.02%. Shares of the company reached a 52-week high of $136.85 on 02/10/22 and a 52-week low of $91.53 on 05/19/22. A 50-day SMA is recorded $113.39, while a 200-day SMA reached $124.13. Nevertheless, trading volume fell to 1.85 million shares from 1.13 million shares the previous day.

Support And Resistance Levels for VMware Inc. (VMW)

According to the 24-hour chart, there is a support level at 113.85, which, if violated, would cause prices to drop to 112.99. In the upper region, resistance lies at 116.35. The next price resistance is at 117.99. RSI (Relative Strength Index) is 42.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.56, which suggests the price will decrease in the coming days. Percent R is at 99.66%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Which companies own the most shares of VMware Inc. (VMW)?

According to Dodge & Cox filings, the company currently owns 26,953,293 shares, which is about 6.40% of the total VMW shares outstanding. The investor’s shares have appreciated by 1,499,711 from its previous 13-F filing of 25453582.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $1,616,252,047. Swedbank Robur Fonder AB acquire a 5.58% interest valued at $1.1 billion while BlackRock Fund Advisors purchased a 24,279 stake. A total of 143,362 shares of VMware Inc. were bought by SSgA Funds Management, Inc. during the quarter, and 0 were sold by Temasek Holdings Pte Ltd. In its current portfolio, Invesco Advisers, Inc. holds 4,004,213 shares valued at $512.94 million.

In terms of VMware Inc. share price expectations, FactSet research, analysts set an average price target of $138.49 in the next 12 months, up nearly 21.58% from the previous closing price of $117.21. Analysts anticipate VMware Inc. stock to reach $149.00 by 2022, with the lowest price target being $120.00. In spite of this, 19 analysts ranked VMware Inc. stock as a Hold at the end of 2022. On February 25, 2022, Morgan Stanley assigned a price target of “an Equal-weight” to the stock and reiterated coverage with a $138.

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