Red Hat Inc. (RHT) EVP, CFO Charles E Jr Peters sells 80,000 Shares

EVP, CFO of Red Hat Inc. (RHT, Financial) Charles E Jr Peters sells 80,000 shares of RHT on 10/12/2009 at an average price of $28.19 a share.

Red Hat Inc. is a leading developer and provider of open source software and services including the Red Hat Linux operating system. Unlike proprietary software open source software has publicly available source code and can be copied modified and distributed with minimal restrictions. The web site REDHAT.COM is a leading online source of information and news about open source software and one of the largest online communities of open source software users and developers. Red Hat Inc. has a market cap of $5.03 billion; its shares were traded at around $28.16 with a P/E ratio of 43.82 and P/S ratio of 7.7. Red Hat Inc. had an annual average earning growth of 87.8% over the past 5 years.

RHT is in the portfolios of Bill Miller of Legg Mason Value Trust.

Recent Trades of Red Hat Inc. by Directors and Officers:
  • Sell: VP / Controller Mark Cook sold 16,000 shares of RHT stock on 09/28/2009 at the average price of $27.9; the price of the stock has increased by 0.93% since.

  • Sell: Director General Henry Hugh Shelton sold 20,000 shares of RHT stock on 09/28/2009 at the average price of $27.61; the price of the stock has increased by 1.99% since.

  • Sell: EVP, General Counsel Michael Cunningham sold 97,567 shares of RHT stock on 09/28/2009 at the average price of $27.72; the price of the stock has increased by 1.59% since.

  • Sell: EVP, Engineering Paul J Cormier sold 75,000 shares of RHT stock on 09/10/2009 at the average price of $25; the price of the stock has increased by 12.64% since.

  • Sell: EVP, Worldwide Sales Alex Pinchev sold 12,500 shares of RHT stock on 09/09/2009 at the average price of $25; the price of the stock has increased by 12.64% since.