Insider Selling: Red Cat Holdings, Inc. (NASDAQ:RCAT) Director Sells $278,400.00 in Stock

Red Cat Holdings, Inc. (NASDAQ:RCAT) Director Nicholas Reyland Liuzza, Jr. sold 20,000 shares of the company’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $13.92, for a total transaction of $278,400.00. Following the transaction, the director now owns 461,072 shares of the company’s stock, valued at $6,418,122.24. This represents a 4.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Red Cat Stock Down 8.6 %

Red Cat stock opened at $12.26 on Friday. Red Cat Holdings, Inc. has a 52-week low of $0.56 and a 52-week high of $14.91. The firm has a market capitalization of $982.77 million, a price-to-earnings ratio of -26.65 and a beta of 1.33. The firm has a 50-day moving average price of $6.79 and a two-hundred day moving average price of $3.88.

Red Cat (NASDAQ:RCAT) last issued its quarterly earnings data on Monday, December 16th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate 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 period last year, the company earned ($0.11) EPS. Research analysts expect that Red Cat Holdings, Inc. will post -0.39 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Sanctuary Advisors LLC bought a new stake in shares of Red Cat during the third quarter valued at about $25,000. Sheets Smith Wealth Management bought a new position in Red Cat in the 3rd quarter valued at about $51,000. PVG Asset Management Corp acquired a new position in Red Cat during the 2nd quarter valued at about $63,000. XTX Topco Ltd raised its position in shares of Red Cat by 390.9% during the 2nd quarter. XTX Topco Ltd now owns 58,895 shares of the company’s stock worth $68,000 after buying 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 in the 3rd quarter worth approximately $108,000. Institutional investors own 37.97% of the company’s stock.

About Red Cat

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.