Red Hat Inc (NYSE:RHT) Analyst Estimates And Rating

Red Hat Inc (NYSE:RHT) stock is currently trading at about $72.95 and lots of rating firms seem to have a target price set on the stock. The median 12-month price target of 28 analysts covering the company is $88.00, which suggests the stock could still gain more than 17 percent. The highest analyst price target is $105.00, which implies a gain of 56 percent. And roundups of analyst notes show that 16 are rating the stock a buy while 8 rate RHT a strong buy. There are 5 equity research firms suggesting a Hold and 0 consider it Sell.

Morgan Stanley issued their verdict on Red Hat Inc (NYSE:RHT) recently. The rating firm gave a Equal-Weight rating to this stock in a research note on Jul 7, 2016.Pacific Crest analysts issued their verdict on Red Hat Inc (NYSE:RHT) recently. The rating firm gave a Overweight rating to this stock in a research note on Apr 14, 2016. According to a research note published on Feb 18, 2016, analysts at Citigroup have upped their rating on the company stock from Neutral to Buy.

Red Hat Inc (NYSE:RHT) Insider Activity

Several executives took part in recent insider activity for the stock. Its Director CHIDONI ANTHONY sold 4,000 company shares for $62000.16, in a transaction on 2016-07-15. Following the transaction, the Director is left with a stake of 157,744 shares, currently valued at $11507425. Meanwhile,  CEO and Director  Herrero Amigo Victor Purchased 1,233 shares worth $17000.96, through a transaction dated 2016-06-27. Following the completion of the transaction, the insider is left with a stake of 332,526 shares, amounting $24257772. RHT CEO and Director Herrero Amigo Victor also Purchased 1,031 shares, at a stock price of $17.39. This transaction occurred on 2016-04-18 totals $17000.93. After this transaction, the insider’s stake stands at 331,293 shares, with a market value of $24167824

Insiders own 30% percent of the stock. MARCIANO MAURICE is one of the largest insider shareholders in Red Hat Inc (NYSE:RHT), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 19,845 shares which have current market value of around $1447693.HERRERO AMIGO VICTOR is another major inside shareholder in the company. The insider owns 332,526 shares as of Jun 27, 2016, currently worth $24257772. CHIDONI ANTHONY is ranked as third insider holder of the stock. This insider holds 157,744 shares with a market value around $11507425 as of recent close.

Red Hat Inc (NYSE:RHT) Earnings Overview

In Red Hat Inc (NYSE:RHT)’s most recent quarter, EPS moved to $0.14 from $-0.23 in prior quarter and revenues reached at $544.96M versus $448.82M. Analysts had expected Red Hat Inc (NYSE:RHT) to report earnings of about $0.07 per share on $550.53M in revenue. Looking forward, analysts on average predict that earnings for the current quarter would come in between $0.12 and $0.16. That is compared with the $0.15 in earnings per share it reported during the same period last year.