Oracle ($ORCL) director Stephen Rusckowski purchased approximately $3.48 million of company stock on September 29, the company's first open-market insider purchase since July 2025. The purchase comes as Oracle rapidly expands its AI cloud infrastructure business and reports a growing backlog of contracted cloud revenue.
- Rusckowski's trust purchased 25,000 shares at a weighted average price of $139.35, with transactions ranging from $138.96 to $139.74.
- The former Quest Diagnostics CEO joined Oracle's board in November 2025.
- Oracle reported $664 billion of remaining performance obligations last quarter after booking more than $30 billion of additional AI cloud contracts.
- Cloud infrastructure revenue increased 121% year-over-year to $7.4 billion, while quarterly capital expenditures reached $28.5 billion.
- Separately, the Financial Times reported this week that Tencent agreed to a five-year, roughly $7 billion lease for access to about 100,000 AI chips across Oracle data centers in Southeast Asia.
Relevant Companies
- Oracle ($ORCL) - Rusckowski made the company's first reported open-market insider purchase since July 2025.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
