Red Hat Inc (RHT) Files Form 4 Insider Selling : James M Whitehurst Sells 43,425 Shares

Red Hat Inc (RHT): James M Whitehurst , CEO & President of Red Hat Inc sold 43,425 shares on May 24, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $75.00 per share for a total value of $3,256,875.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 28, 2016, Delisa Alexander (EVP, Chief People Officer) sold 12,516 shares at $74.00 per share price.On Apr 22, 2016, James M Whitehurst (CEO & President) sold 16,239 shares at $75.62 per share price.Also, On Jan 12, 2016, William S Kaiser (director) sold 18,972 shares at $80.15 per share price.On Dec 23, 2015, Arun Oberoi (EVP, Global Sales & Service) sold 9,300 shares at $80.81 per share price.

Red Hat Inc: On Wednesday, May 25, 2016 heightened volatility was witnessed in Red Hat Inc which led to swings in the share price. The shares opened for trading at $76.56 and hit $76.95 on the upside , eventually ending the session at $76.7, with a gain of 0.38% or 0.29 points. The heightened volatility saw the trading volume jump to 11,49,347 shares. The 52-week high of the share price is $84.44 and the company has a market cap of $13,916 M . The 52-week low of the share price is at $59.59.

Red Hat Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Red Hat Inc is Upgraded by Pacific Crest to Overweight. Earlier the firm had a rating of Sector Weight on the company shares. The Rating was issued on Apr 14, 2016.Red Hat Inc is Reiterated by BMO Capital Markets to Outperform while Lowering the Price Target of the company shares to $ 88 from a previous price target of $90 . The Rating was issued on Mar 23, 2016.Red Hat Inc is Reiterated by Drexel Hamilton to Buy and the brokerage firm has raised the Price Target to $ 105 from a previous price target of $98 .The Rating was issued on Mar 23, 2016.Red Hat Inc is Reiterated by BMO Capital Markets to Outperform while Lowering the Price Target of the company shares to $ 90 from a previous price target of $97 . The Rating was issued on Mar 7, 2016.

Red Hat Inc. is a provider of open source software solutions using a community-powered approach to develop and offer operating system virtualization middleware storage and cloud technologies. The Company employs an open source development model. The open source development model allows it to use the collective input resources and knowledge of a global community of contributors who can collaborate to develop maintain and enhance software because the human-readable source code for that software is publicly available and licenses permit modification. The Company distributes its software offerings under open source licenses that permit access to the software’s human-readable source code. The Company provides its software offerings primarily under annual or multi-year subscriptions as well as on-demand through cloud service providers.

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