Red Hat Inc (RHT) CEO James M. Whitehurst Sells 5,593 Shares
Red Hat Inc (NYSE:RHT) CEO James M. Whitehurst sold 5,593 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $124.87, for a total value of $698,397.91. Following the sale, the chief executive officer now owns 373,506 shares in the company, valued at approximately $46,639,694.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Red Hat Inc (NYSE:RHT) traded down $1.13 during trading on Thursday, reaching $125.47. The company’s stock had a trading volume of 1,431,813 shares, compared to its average volume of 1,555,450. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market cap of $22,200.00, a PE ratio of 68.19, a price-to-earnings-growth ratio of 3.80 and a beta of 1.19. Red Hat Inc has a fifty-two week low of $73.46 and a fifty-two week high of $130.93.
Red Hat (NYSE:RHT) last released its earnings results on Tuesday, December 19th. The open-source software company reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.03. Red Hat had a net margin of 12.14% and a return on equity of 26.23%. The firm had revenue of $747.98 million during the quarter, compared to analyst estimates of $734.69 million. During the same period last year, the business earned $0.61 earnings per share. The business’s revenue was up 21.6% on a year-over-year basis. equities analysts forecast that Red Hat Inc will post 2.08 EPS for the current year.
Several research analysts have recently commented on the company. Robert W. Baird reiterated a “hold” rating on shares of Red Hat in a report on Tuesday, September 26th. BTIG Research reiterated a “buy” rating and issued a $120.00 price objective on shares of Red Hat in a report on Wednesday, September 27th. BMO Capital Markets reiterated a “market perform” rating and issued a $128.00 price objective (up previously from $107.00) on shares of Red Hat in a report on Tuesday, September 26th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $117.00 price objective (up previously from $110.00) on shares of Red Hat in a report on Tuesday, September 26th. Finally, Barclays lifted their price objective on Red Hat from $120.00 to $122.00 and gave the stock an “overweight” rating in a report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $124.25.
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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.
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