Shares of Red Hat, Inc. (RHT) Sees Large Inflow of Net Money Flow

Red Hat, Inc. (RHT) witnessed a selling pressure and the shares last traded with a loss of -0.94 points or -1.24% at $74.94. Investors jumped in to buy the shares on weakness. The net money flow till latest update was calculated at $2.68 million with an inflow of $7.76 million in upticks and an outflow of $5.08 million in downticks. Using the data, the up/down ratio is found to be 1.53. The share price has recorded -1% on a weekly basis.A block trade of $2.16 million in uptick and $0 million in downtick was also observed, resulting in an up/down ratio of 0. The net money flow of the block trade stood at a $2.16, signaling heavy buying.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Red Hat, Inc. has dropped 0.47% in the last five trading days, however, the shares have posted positive gains of 9.14% in the last 4 weeks. Red Hat, Inc. has dropped 1.78% during the last 3-month period . Year-to-Date the stock performance stands at 9.14%. Red Hat, Inc. (NYSE:RHT) rose 0.25% or 0.19 points on Wednesday and made its way into the gainers of the day. After trading began at $76.12 the stock was seen hitting $76.25 as a peak level and $74.66 as the lowest level. The stock ended up at $76.07. The daily volume was measured at 2,384,625 shares. The 52-week high of the share price is $82.73 and the 52-week low is $59.59. The company has a market cap of $13,562 million.

Company has reported several Insider transactions to the SEC, on Jan 23, 2017, Delisa Alexander (EVP, Chief People Officer) sold 16,712 shares at 73.67 per share price.On Oct 4, 2016, Michael Cunningham (EVP, General Counsel) sold 15,000 shares at 80.42 per share price.On Oct 4, 2016, William S Kaiser (director) sold 12,500 shares at 80.35 per share price.

Red Hat Inc Last issued its quarterly earnings results on Dec 21, 2016. The company reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $0.58. The company had revenue of $615.30 million for the quarter, compared to analysts expectations of $618.46 million. The companys revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Red Hat Inc was Initiated by Wells Fargo to Outperform on Jan 11, 2017. Red Hat Inc was Downgraded by Stifel on Dec 22, 2016 to Hold, Lowers Price Target to $ 70 from a previous price target of $87 .Red Hat Inc was Downgraded by BMO Capital Markets on Dec 22, 2016 to Market Perform, Lowers Price Target to $ 75 from a previous price target of $89 .Red Hat Inc was Reiterated by Mizuho on Dec 22, 2016 to Buy, Lowers Price Target to $ 80 from a previous price target of $88 .Red Hat Inc was Initiated by Rosenblatt on Nov 28, 2016 to Buy, Price Target of the shares are set at $95.

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.


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