Wednesday, October 18, 2017 10:15 PM ET
Red Hat (RHT) Insiders Make Significant Share Sales Extending the Trend of Last Quarter
There was a notable level of insider selling reported today in filings with the SEC for Red Hat. Two insiders — James M Whitehurst, Director and Officer, and Delisa Alexander, Officer — disposed of 10,081 shares in the company for approximately $1,215,892. There have been 3 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 27,521 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 37,602 shares and have averaged 7,520 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Red Hat is above its 94-company peer group average. The Software peer group saw 162 buy/sell trades during this period for an average of 1.7 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 1,708,972 shares purchased and 10,167,823 shares sold with company insiders disposing of 52,215 shares on average over this time period.
The data sourced in creating 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.
Today’s Insider Activity
* James M Whitehurst, Director and Officer, sold 8,032 shares
* Delisa Alexander, Officer, sold 2,049 shares
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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