TLDR
- Silver Lake sold 651 DELL shares worth ~$276K on June 4, at prices between $421.85–$430.11
- Director Spv-2 L.P. Sl sold 84,583 shares on June 5 for ~$34.1M, cutting ownership by 91.21%
- Combined insider sales over the past week total over $200M across multiple transactions
- DELL reported Q1 FY2027 EPS of $4.86 vs. $2.96 expected; revenue of $43.84B vs. $35.74B expected, up 87.5% YoY
- Consensus analyst rating is Moderate Buy with an average price target of $475.76
Dell Technologies (DELL) stock is trading around $383, down roughly 9% over the past week, as a wave of insider selling has hit the stock following a blowout earnings report.
Silver Lake, through its affiliate Silver Lake Technology Investors V, L.P., sold 651 DELL shares on June 4 for roughly $276,382, at prices ranging from $421.85 to $430.11 per share. Following the sale, Silver Lake Technology Investors V holds zero Class C shares directly.
That was just the start of a busy stretch of selling.
Director Spv-2 L.P. Sl sold 84,583 shares on June 5 at an average price of $403.00, totaling around $34.1 million. That single transaction cut its ownership in Dell by 91.21%, leaving it with just 8,149 shares.
The sales didn’t stop there. Spv-2 L.P. Sl had already sold hundreds of thousands of shares in the days prior — including over 175,000 on June 1 at $457.99 per share, netting more than $80 million in one transaction alone.
Egon Durban, Dell director and Co-CEO of Silver Lake Group, is listed as a reporting owner across these filings. He personally holds 1,313,489 shares directly and additional shares through trusts and affiliated entities.
Strong Earnings Didn’t Stop the Selling
Dell reported Q1 FY2027 results on May 28 that blew past expectations. EPS came in at $4.86, well above the $2.96 consensus. Revenue hit $43.84 billion, versus estimates of $35.74 billion — an 87.5% jump year over year.
The Infrastructure Solutions Group was a standout, with revenue up 181% year over year. AI server demand was cited as the key driver, with multiple analysts pointing to a large order backlog and strong enterprise demand.
Following the results, a string of analyst upgrades and price target hikes followed. Argus raised its target to $460 with a Buy. Mizuho went to $500 with an Outperform. Morgan Stanley upgraded from Underweight to Buy. Guggenheim also upgraded to Buy. TD Cowen raised its target to $450 but held its Hold rating. The consensus now sits at Moderate Buy with an average target of $475.76.
Selling Comes as Stock Pulls Back
Despite the earnings beat and analyst upgrades, DELL has come under pressure. The stock fell alongside peers like Super Micro in a broader pullback in high-beta AI hardware names, with DELL dropping around 9% in a week.
The 12-month low is $109.17 and the 52-week high hit $469.47. DELL trades at a P/E of around 30, with FY2027 EPS guidance set at $17.90.
Dell’s Q2 2027 EPS guidance came in at $4.80. Analysts expect full-year EPS of $12.93.
Institutional ownership stands at 76.37%, with several funds adding to positions in Q1. On the positive side, buzz around a potential xAI server order has added some near-term optimism.
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