VMware, Inc. (NYSE:VMW) COO Sanjay Poonen sold 13,384 shares of VMware stock in a transaction on Thursday, April 15th. The shares were sold at an average price of $160.00, for a total value of $2,141,440.00. Following the transaction, the chief operating officer now owns 302,773 shares in the company, valued at approximately $48,443,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of NYSE:VMW traded up $4.02 on Friday, reaching $164.10. The company had a trading volume of 2,318,101 shares, compared to its average volume of 1,420,290. VMware, Inc. has a twelve month low of $121.78 and a twelve month high of $162.89. The stock has a 50-day moving average price of $147.93 and a 200 day moving average price of $135.89. The stock has a market capitalization of $68.80 billion, a P/E ratio of 43.64, a P/E/G ratio of 1.94 and a beta of 0.87. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.59.
VMware (NYSE:VMW) last announced its quarterly earnings results on Thursday, February 25th. The virtualization software provider reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.78. VMware had a return on equity of 27.10% and a net margin of 13.75%. The company had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.23 billion. On average, sell-side analysts predict that VMware, Inc. will post 4.72 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on VMW. Piper Sandler lifted their price target on VMware from $158.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday. They noted that the move was a valuation call. BMO Capital Markets downgraded VMware from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $157.00 to $148.00 in a report on Wednesday, January 13th. Northland Securities downgraded VMware from an “outperform” rating to a “market perform” rating and set a $169.00 price target on the stock. in a report on Thursday. William Blair downgraded VMware from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 13th. Finally, Cleveland Research downgraded VMware from a “buy” rating to a “neutral” rating in a report on Thursday, February 11th. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $171.58.
VMware, Inc provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces in the United States and internationally. It offers compute products, including VMware vSphere, a data center platform, which enables users to deploy hypervisor, a layer of software that resides between the operating system and system hardware to enable compute virtualization; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.
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