EVP, CFO of Red Hat Inc. (RHT) Charles E Jr Peters sells 5,688 shares of RHT on 10/21/2010 at an average price of $39.27 a share.

Red Hat Inc. has a market cap of $7.4 billion; its shares were traded at around $39.15 with a P/E ratio of 71.1 and P/S ratio of 10. Red Hat Inc. had an annual average earning growth of 22.7% over the past 5 years.

RHT is in the portfolios of Columbia Wanger of Columbia Wanger Asset Management, Steven Cohen of SAC Capital Advisors, Bruce Kovner of Caxton Associates, Paul Tudor Jones of The Tudor Group, Jeremy Grantham of GMO LLC.

This is the annual revenues and earnings per share of RHT over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of RHT.

CEO Recent Trades:

• Sell: CEO & President James M Whitehurst sold 25,000 shares of RHT stock on 09/27/2010 at the average price of 41.11. James M Whitehurst owns at least 318,092 shares after this. The price of the stock has decreased by 4.77% since.

CFO Recent Trades:

• Sell: EVP, CFO Charles E Jr Peters sold 7,676 shares of RHT stock on 10/19/2010 at the average price of 38.39. Charles E Jr Peters owns at least 62,387 shares after this. The price of the stock has increased by 1.98% since.


• Sell: EVP, CFO Charles E Jr Peters sold 99,137 shares of RHT stock on 09/27/2010 at the average price of 40.62. Charles E Jr Peters owns at least 75,730 shares after this. The price of the stock has decreased by 3.62% since.


• Sell: EVP, CFO Charles E Jr Peters sold 2,879 shares of RHT stock on 07/19/2010 at the average price of 31.61. Charles E Jr Peters owns at least 80,805 shares after this. The price of the stock has increased by 23.85% since.


• Sell: EVP, CFO Charles E Jr Peters sold 35,669 shares of RHT stock on 06/03/2010 at the average price of 30.15. Charles E Jr Peters owns at least 85,811 shares after this. The price of the stock has increased by 29.85% since.

This is the insider trade history vs. stock price of RHT. For the complete insider trading history of RHT, click here.

Directors and Officers Recent Trades:

• Sell: EVP, Worldwide Sales Alex Pinchev sold 10,943 shares of RHT stock on 10/19/2010 at the average price of 39.07. Alex Pinchev owns at least 60,729 shares after this. The price of the stock has increased by 0.2% since.


• Sell: VP / Controller Mark Cook sold 1,875 shares of RHT stock on 10/18/2010 at the average price of 39.98. Mark Cook owns at least 6,997 shares after this. The price of the stock has decreased by 2.08% since.


• Sell: Director Narendra Gupta sold 7,000 shares of RHT stock on 10/06/2010 at the average price of 41.4. Narendra Gupta owns at least 7,345 shares after this. The price of the stock has decreased by 5.43% since.


• Sell: Director Narendra Gupta sold 12,400 shares of RHT stock on 10/01/2010 at the average price of 41.3. Narendra Gupta owns at least 7,345 shares after this. The price of the stock has decreased by 5.21% since.


• Sell: Director William S Kaiser sold 15,000 shares of RHT stock on 09/28/2010 at the average price of 41.12. William S Kaiser owns at least 266,376 shares after this. The price of the stock has decreased by 4.79% since.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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