PineStone Sells $41.1 Million in Oracle Stock After Rally — Here's What Long-Term Investors Should Know

Core Insights - PineStone Asset Management Inc. sold 161,430 shares of Oracle Corporation for approximately $41.11 million in Q3, reducing its stake to 3.4 million shares valued at $964.5 million at quarter-end [1][2]. Company Overview - Oracle Corporation's stock price closed at $291.31, with a market capitalization of $830.5 billion, TTM revenue of $59 billion, and TTM net income of $12.4 billion [4]. - The company operates globally in enterprise software and cloud infrastructure, leveraging a broad product portfolio to deliver mission-critical solutions [6]. Performance Metrics - Oracle's shares increased by 68% over the past year, significantly outperforming the S&P 500's nearly 14% gain during the same period [3][8]. - PineStone's Oracle position now represents 6% of its reportable U.S. equity assets [3]. Strategic Insights - The sale of Oracle shares aligns with PineStone's broader strategy of rebalancing its portfolio, which included reducing positions in other large technology companies [7]. - Oracle's long-term growth prospects are supported by deep enterprise relationships, accelerating cloud adoption, and increasing exposure to AI technologies [11]. Future Projections - Oracle projects $225 billion in annual revenue and $21 in EPS by the end of the decade, driven by its expanding cloud infrastructure and partnerships, such as the multibillion-dollar deal with OpenAI [10].