Red Hat, Inc. (NYSE:RHT) EVP Delisa Alexander sold 1,073 shares of the firm’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $120.36, for a total transaction of $129,146.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Red Hat, Inc. (RHT) traded down 0.36% during trading on Wednesday, hitting $120.69. 1,074,395 shares of the stock traded hands. The stock has a 50-day moving average of $110.14 and a 200 day moving average of $97.17. Red Hat, Inc. has a 1-year low of $68.54 and a 1-year high of $122.31. The company has a market cap of $21.36 billion, a P/E ratio of 72.23 and a beta of 1.25.

Red Hat (NYSE:RHT) last released its quarterly earnings data on Monday, September 25th. The open-source software company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.10. Red Hat had a net margin of 11.49% and a return on equity of 25.27%. The company had revenue of $723.60 million during the quarter, compared to analyst estimates of $699.56 million. During the same period last year, the business earned $0.55 earnings per share. Red Hat’s revenue was up 20.6% compared to the same quarter last year. On average, equities research analysts predict that Red Hat, Inc. will post $2.79 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This article was published by Watch List News and is owned by of Watch List News. If you are reading this article on another website, it was stolen and reposted in violation of international trademark and copyright laws. The correct version of this article can be accessed at https://www.watchlistnews.com/insider-selling-red-hat-inc-rht-evp-sells-1073-shares-of-stock/1639587.html.

Institutional investors have recently made changes to their positions in the business. D.A. Davidson & CO. lifted its position in Red Hat by 6.8% during the second quarter. D.A. Davidson & CO. now owns 1,071 shares of the open-source software company’s stock valued at $102,000 after purchasing an additional 68 shares during the last quarter. Clear Perspective Advisors LLC bought a new stake in Red Hat during the second quarter valued at approximately $112,000. Sun Life Financial INC lifted its position in Red Hat by 14,837.5% during the second quarter. Sun Life Financial INC now owns 1,195 shares of the open-source software company’s stock valued at $114,000 after purchasing an additional 1,187 shares during the last quarter. Shine Investment Advisory Services Inc. bought a new stake in Red Hat during the second quarter valued at approximately $117,000. Finally, State of Alaska Department of Revenue bought a new stake in Red Hat during the second quarter valued at approximately $122,000. Institutional investors and hedge funds own 94.01% of the company’s stock.

A number of brokerages recently commented on RHT. J P Morgan Chase & Co restated an “overweight” rating and set a $117.00 price objective (up from $110.00) on shares of Red Hat in a report on Tuesday, September 26th. Drexel Hamilton restated a “buy” rating and set a $127.00 price objective on shares of Red Hat in a report on Tuesday, September 19th. KeyCorp restated an “overweight” rating and set a $125.00 price objective (up from $121.00) on shares of Red Hat in a report on Tuesday, September 26th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $136.00 price target (up from $115.00) on shares of Red Hat in a research note on Tuesday, September 26th. Finally, Deutsche Bank AG lifted their price target on shares of Red Hat from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, June 21st. Ten analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $110.93.

About Red Hat

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.

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

Receive News & Ratings for Red Hat Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Hat Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.