Red Hat, Inc. (NYSE:RHT) EVP Delisa Alexander sold 2,444 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $98.25, for a total transaction of $240,123.00. Following the transaction, the executive vice president now owns 41,570 shares of the company’s stock, valued at approximately $4,084,252.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Delisa Alexander also recently made the following trade(s):

  • On Thursday, April 27th, Delisa Alexander sold 12,062 shares of Red Hat stock. The shares were sold at an average price of $87.36, for a total transaction of $1,053,736.32.

Red Hat, Inc. (NYSE RHT) opened at 98.92 on Friday. The company has a 50 day moving average of $94.50 and a 200 day moving average of $85.62. Red Hat, Inc. has a 1-year low of $68.54 and a 1-year high of $100.80. The firm has a market capitalization of $17.55 billion, a P/E ratio of 67.75 and a beta of 1.26.

Red Hat (NYSE:RHT) last announced its quarterly earnings data on Tuesday, June 20th. The open-source software company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.03. Red Hat had a return on equity of 22.84% and a net margin of 10.54%. The business had revenue of $677 million for the quarter, compared to analysts’ expectations of $647.42 million. During the same period in the previous year, the business posted $0.50 EPS. The firm’s quarterly revenue was up 19.2% compared to the same quarter last year. On average, equities research analysts anticipate that Red Hat, Inc. will post $2.66 earnings per share for the current year.

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A number of large investors have recently made changes to their positions in the stock. Jericho Capital Asset Management L.P. purchased a new stake in shares of Red Hat during the first quarter worth about $92,816,000. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Red Hat during the first quarter worth about $61,821,000. Marshall Wace North America L.P. purchased a new stake in shares of Red Hat during the first quarter worth about $61,821,000. TimesSquare Capital Management LLC purchased a new stake in shares of Red Hat during the first quarter worth about $58,586,000. Finally, Vanguard Group Inc. boosted its stake in shares of Red Hat by 2.4% in the first quarter. Vanguard Group Inc. now owns 17,147,907 shares of the open-source software company’s stock worth $1,483,294,000 after buying an additional 399,260 shares in the last quarter. Institutional investors and hedge funds own 94.50% of the company’s stock.

A number of research analysts recently issued reports on RHT shares. Drexel Hamilton boosted their price objective on shares of Red Hat to $110.00 in a report on Tuesday, March 28th. Mizuho upped their price target on shares of Red Hat from $94.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, March 28th. BTIG Research upped their price target on shares of Red Hat from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, March 28th. Deutsche Bank AG reduced their price target on shares of Red Hat from $100.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, March 28th. Finally, Citigroup Inc. reduced their price target on shares of Red Hat from $105.00 to $91.00 and set a “buy” rating for the company in a report on Tuesday, March 28th. Nine research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $98.72.

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)

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