The Bancorp (TBBK): $63.08
Market Cap: $2.95B
Before we get into the main feature for our article today, we wanted to take a quick moment to highlight a rather surprising insider purchase that popped up this week. In our Insider Weekends article from just two weeks ago, we discussed large sales by various insiders across a number of tech companies. Most notably, we wrote about Oracle’s CEO, Safra Catz, selling a whopping $1.56 billion of Oracle stock in a single week. Granted, these shares were sold as a result of exercising options immediately before the sales, meaning the sales likely weren’t a strong indicator of future trouble at Oracle. Nevertheless, it was still absolutely fascinating to see sales of that size and scale in such a brief period of time.
We wrote the following about Oracle in that article, highlighting the company’s continued stellar financial results and stock performance:
Oracle’s stock sometimes feels like the stock that never seems to go down. The company is up 46.93% in the last year and 283.93% in the last five years. Much of this can be attributed to Ms. Catz’s strong leadership of the company – she took over the role of CEO in 2014, after Larry Ellison stepped down from the role. She initially served as co-CEO alongside Mark Hurd, and then became the sole CEO in 2019 after Hurd’s resignation. Ms. Catz joined Oracle in April 1999, joining the Board of Directors by 2001 and becoming president by 2004. Before becoming CEO, she served as the company’s CFO – a fitting role considering her past experience as a Managing Director of Investment Banking at Donaldson, Lufkin & Jenrette.