Red Hat (RHT) Insider Makes Significant Share Sale

Monday, February 05, 2018 10:15 PM ET

Red Hat (RHT) Insider Makes Significant Share Sale

There was a substantial insider sale of Red Hat shares today, as revealed in a filing with the SEC as — William S Kaiser, Director — disposed of 7,700 shares in the company having a market value of approximately $1,001,000 There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 10,084 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 17,784 shares and have averaged 5,928 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Red Hat is higher than its 100-company peer group average. The Software peer group saw 164 buy/sell trades during this period for an average of 1.6 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 272,800 shares purchased and 18,826,708 shares sold with company insiders having sold 113,134 shares on average over this time period.

The data sourced 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.

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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