Red Cat Holdings, Inc. (NASDAQ:RCAT - Get Free Report) Director Nicholas Reyland Liuzza, Jr. sold 20,000 shares of the company's stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $13.92, for a total value of $278,400.00. Following the sale, the director now directly owns 461,072 shares of the company's stock, valued at approximately $6,418,122.24. This represents a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Red Cat Trading Up 12.8 %
NASDAQ RCAT opened at $13.41 on Friday. Red Cat Holdings, Inc. has a 1 year low of $0.56 and a 1 year high of $14.91. The stock's 50-day moving average price is $6.60 and its two-hundred day moving average price is $3.78. The company has a market cap of $1.07 billion, a PE ratio of -29.15 and a beta of 1.33.
Red Cat (NASDAQ:RCAT - Get Free Report) last issued its quarterly earnings results on Monday, December 16th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.27). Red Cat had a negative net margin of 162.50% and a negative return on equity of 66.19%. During the same quarter in the previous year, the company posted ($0.11) earnings per share. Research analysts forecast that Red Cat Holdings, Inc. will post -0.39 EPS for the current fiscal year.
Institutional Trading of Red Cat
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Several hedge funds and other institutional investors have recently modified their holdings of the business. Sanctuary Advisors LLC purchased a new stake in Red Cat in the 3rd quarter worth about $25,000. Sheets Smith Wealth Management purchased a new position in Red Cat during the 3rd quarter valued at about $51,000. PVG Asset Management Corp acquired a new position in shares of Red Cat in the 2nd quarter valued at about $63,000. XTX Topco Ltd lifted its position in shares of Red Cat by 390.9% in the second quarter. XTX Topco Ltd now owns 58,895 shares of the company's stock worth $68,000 after purchasing an additional 46,897 shares in the last quarter. Finally, United Capital Management of KS Inc. acquired a new stake in shares of Red Cat during the third quarter worth approximately $108,000. Institutional investors and hedge funds own 37.97% of the company's stock.
Red Cat Company Profile
(
Get Free Report)
Red Cat Holdings, Inc engages in the provision of various products, services, and solutions to the drone industry. The company operates through two segments: Enterprise and Consumer. It built infrastructure to manages drone fleets and fly, and provide services remotely, navigate confined industrial interior spaces and dangerous military environment.
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