Friday, October 06, 2017 10:15 PM ET
Insider at Red Hat (RHT) Makes Significant Sale of Stock
One Red Hat insider William S Kaiser, Director, today, sold 14,000 shares having a market value of approximately $1,607,060, as revealed in a form 4 document filed with the SEC. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 50,572 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 64,572 shares and have averaged 10,762 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Red Hat is greater than its 93-company peer group average. The Software peer group saw 165 buy/sell trades during this period for an average of 1.8 transactions per company. However, the number of shares traded per transaction by Red Hat insiders is lower than its peers. Within the peer group there were 1,625,950 shares purchased and 10,308,080 shares sold with company insiders having sold 52,619 shares on average over this time period.
The data used in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
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