Red Cat Holdings, Inc. (NASDAQ:RCAT - Get Free Report) insider George Michael Matus sold 72,093 shares of the company's stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $12.10, for a total transaction of $872,325.30. Following the sale, the insider now directly owns 613,897 shares in the company, valued at $7,428,153.70. This represents a 10.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
George Michael Matus also recently made the following trade(s):
- On Thursday, December 26th, George Michael Matus sold 309,491 shares of Red Cat stock. The stock was sold at an average price of $14.27, for a total value of $4,416,436.57.
- On Friday, December 20th, George Michael Matus sold 287,113 shares of Red Cat stock. The shares were sold at an average price of $9.94, for a total value of $2,853,903.22.
- On Wednesday, December 18th, George Michael Matus sold 112,686 shares of Red Cat stock. The stock was sold at an average price of $9.20, for a total value of $1,036,711.20.
Red Cat Stock Performance
Shares of NASDAQ:RCAT opened at $12.26 on Friday. The business has a fifty day moving average of $6.79 and a 200-day moving average of $3.86. The firm has a market cap of $982.77 million, a PE ratio of -26.65 and a beta of 1.33. Red Cat Holdings, Inc. has a twelve month low of $0.56 and a twelve month high of $14.91.
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Red Cat (NASDAQ:RCAT - Get Free Report) last announced its earnings results on Monday, December 16th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.27). Red Cat had a negative return on equity of 66.19% and a negative net margin of 162.50%. During the same quarter in the prior year, the company earned ($0.11) earnings per share. On average, analysts anticipate that Red Cat Holdings, Inc. will post -0.39 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new stake in shares of Red Cat in the 3rd quarter valued at $25,000. Wolverine Trading LLC acquired a new stake in Red Cat in the third quarter worth about $233,000. State Street Corp increased its position in Red Cat by 44.9% in the third quarter. State Street Corp now owns 221,958 shares of the company's stock worth $564,000 after purchasing an additional 68,800 shares during the period. Centiva Capital LP acquired a new position in Red Cat during the 3rd quarter valued at about $207,000. Finally, Corsair Capital Management L.P. acquired a new position in Red Cat in the third quarter valued at approximately $308,000. Institutional investors and hedge funds own 37.97% of the company's stock.
About Red Cat
(
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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