The EVP, Chief People Officer of Red Hat is Selling Shares

By George MacDonald

Today, the EVP, Chief People Officer of Red Hat, Delisa Alexander, sold stocks of RHT for $815.6k.

In addition to Alexander, 29 other RHT executives reported Sell trades in the last month. Over the last month, Alexander has reported 5 Sell trades on RHT for a total of 1.52M.

Based on Red Hat`s latest earnings report from February 28, the company posted quarterly revenue of $463.9M and quarterly net profit of $47.7M. In comparison, last year the company earned revenue of $400.4M and had a net profit of $45.07M. The company has a one year high of $77.82 and a one year low of $47.72. RHT’s market cap is $13.81B and the company has a P/E ratio of 79.1%.

Based on 12 analyst ratings, the analyst consensus is Strong Buy with an average price target of $78.33, reflecting a -3.8% downside. 5 different firms, including Citigroup and Drexel Hamilton, currently also have a Sell rating on the stock.

Looking at blogger coverage of RHT, there is a 86% Bullish tendency on the stock, in relation to a 68% average bullish tendency within the Technology sector.

Over the last 3 months, the insider sentiment on Red Hat has been negative based on 81 corporate insider transactions. This sentiment is lower than the average sector sentiment of insiders.

Red Hat Inc is a provider of open source software solutions, using a community-powered approach to develop and offer reliable and high-performing operating system, middleware, virtualization, storage and cloud technologies.