Red Hat Inc (RHT): Delisa Alexander , EVP, Chief People Officer of Red Hat Inc sold 2,395 shares on Jul 19, 2016. The Insider selling transaction was reported by the company on Jul 20, 2016 to the Securities and Exchange Commission. The shares were sold at $72.83 per share for a total value of $174,427.84 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 12, 2016, Michael Cunningham (EVP, General Counsel) sold 10,000 shares at $73.14 per share price.On May 26, 2016, James M Whitehurst (CEO & President) sold 43,425 shares at $75.00 per share price.Also, On Apr 28, 2016, Delisa Alexander (EVP, Chief People Officer) sold 12,516 shares at $74.00 per share price.On Jan 12, 2016, William S Kaiser (director) sold 18,972 shares at $80.15 per share price.
Shares of Red Hat Inc (RHT) ended Monday, Jul 18, 2016 session in red amid volatile trading. The shares closed down -0.03 points or -0.04% at $72.8 with 12,00,422 shares getting traded. Post opening the session at $72.71, the shares hit an intraday low of $72.58 and an intraday high of $73.19 and the price vacillated in this range throughout the day. The company has a market cap of $13,184 M and the number of outstanding shares has been calculated to be 18,10,96,140 shares. The 52-week high of Red Hat Inc is $84.44 and the 52-week low is $59.59.
Company has been under the radar of several Street Analysts.Red Hat Inc is Downgraded by Morgan Stanley to Equal-Weight. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Jul 7, 2016.Red Hat Inc is Reiterated by BMO Capital Markets to Outperform while Lowering the Price Target of the company shares to $ 85 from a previous price target of $88 . The Rating was issued on Jun 23, 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.