Red Hat Inc (NYSE:RHT) CEO James M. Whitehurst sold 26,250 shares of Red Hat stock in a transaction on Thursday, April 20th. The shares were sold at an average price of $86.85, for a total value of $2,279,812.50. Following the completion of the sale, the chief executive officer now directly owns 397,380 shares of the company’s stock, valued at approximately $34,512,453. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Red Hat Inc (NYSE:RHT) traded down 0.46% on Friday, hitting $87.02. The company had a trading volume of 941,721 shares. The firm’s 50 day moving average price is $84.24 and its 200 day moving average price is $79.02. The stock has a market cap of $15.47 billion, a P/E ratio of 62.60 and a beta of 1.44. Red Hat Inc has a 12-month low of $68.54 and a 12-month high of $88.05.

Red Hat (NYSE:RHT) last announced its quarterly earnings results on Monday, March 27th. The open-source software company reported $0.61 EPS for the quarter, hitting analysts’ consensus estimates of $0.61. The firm earned $628.80 million during the quarter, compared to analysts’ expectations of $618.64 million. Red Hat had a net margin of 10.36% and a return on equity of 20.57%. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 earnings per share. Equities analysts predict that Red Hat Inc will post $2.63 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Red Hat (NYSE:RHT)

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A number of equities research analysts have recently commented on the company. MKM Partners reaffirmed a “neutral” rating and issued a $82.00 price objective (up previously from $75.00) on shares of Red Hat in a research report on Thursday, March 30th. CIBC reaffirmed a “buy” rating and issued a $94.00 price objective on shares of Red Hat in a research report on Wednesday, March 29th. Robert W. Baird reaffirmed a “neutral” rating and issued a $90.00 price objective on shares of Red Hat in a research report on Tuesday, March 28th. Oppenheimer Holdings Inc. set a $94.00 price objective on Red Hat and gave the company a “buy” rating in a research report on Tuesday, March 28th. Finally, Goldman Sachs Group Inc lifted their price objective on Red Hat from $72.00 to $80.00 and gave the company a “sell” rating in a research report on Tuesday, March 28th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $90.60.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Acrospire Investment Management LLC boosted its position in shares of Red Hat by 36.4% in the third quarter. Acrospire Investment Management LLC now owns 1,500 shares of the open-source software company’s stock worth $121,000 after buying an additional 400 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of Red Hat by 183.3% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,700 shares of the open-source software company’s stock worth $137,000 after buying an additional 1,100 shares in the last quarter. CENTRAL TRUST Co boosted its position in shares of Red Hat by 8.2% in the first quarter. CENTRAL TRUST Co now owns 1,839 shares of the open-source software company’s stock worth $159,000 after buying an additional 139 shares in the last quarter. People s United Financial Inc. acquired a new position in shares of Red Hat during the third quarter worth approximately $205,000. Finally, United Bank acquired a new position in shares of Red Hat during the fourth quarter worth approximately $217,000. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Red Hat Company Profile

Red Hat, Inc (Red Hat) provides open source software solutions, using a community-powered approach to develop and offer operating system, virtualization, management, middleware, cloud, mobile and storage technologies. Red Hat operates through three geographical segments: the Americas, including the United States, Canada and Latin America; EMEA, including Europe, Middle East and Africa, and Asia Pacific.

5 Day Chart for NYSE:RHT

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