Mark Sheptoff Financial Planning LLC Takes $48,000 Position in Red Cat Holdings, Inc. (NASDAQ:RCAT)

Mark Sheptoff Financial Planning LLC acquired a new position in shares of Red Cat Holdings, Inc. (NASDAQ:RCAT) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 3,700 shares of the company’s stock, valued at approximately $48,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RCAT. Twin Tree Management LP acquired a new position in shares of Red Cat during the fourth quarter worth $28,000. United Capital Management of KS Inc. raised its stake in Red Cat by 7.4% in the fourth quarter. United Capital Management of KS Inc. now owns 45,650 shares of the company’s stock valued at $587,000 after buying an additional 3,150 shares during the last quarter. Gladstone Institutional Advisory LLC boosted its holdings in Red Cat by 34.0% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 13,400 shares of the company’s stock worth $172,000 after acquiring an additional 3,400 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Red Cat during the fourth quarter worth about $60,000. Finally, Jones Financial Companies Lllp grew its stake in shares of Red Cat by 1,536.6% during the fourth quarter. Jones Financial Companies Lllp now owns 8,887 shares of the company’s stock worth $114,000 after acquiring an additional 8,344 shares during the last quarter. Hedge funds and other institutional investors own 37.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Northland Securities initiated coverage on shares of Red Cat in a research note on Tuesday, March 11th. They issued an “outperform” rating and a $13.00 target price for the company. Northland Capmk raised Red Cat to a “strong-buy” rating in a research report on Monday, March 10th.

Insider Buying and Selling at Red Cat

In related news, CEO Jeffrey M. Thompson sold 28,756 shares of the firm’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $13.97, for a total transaction of $401,721.32. Following the sale, the chief executive officer now owns 13,014,449 shares in the company, valued at approximately $181,811,852.53. This trade represents a 0.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the director now owns 461,072 shares of the company’s stock, valued at approximately $6,418,122.24. This trade represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 373,247 shares of company stock valued at $5,310,158. 21.50% of the stock is owned by insiders.

Red Cat Stock Up 3.0 %

RCAT stock opened at $6.16 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.43 and a quick ratio of 0.60. The firm’s fifty day simple moving average is $7.63 and its 200-day simple moving average is $6.73. Red Cat Holdings, Inc. has a 12 month low of $0.75 and a 12 month high of $15.27. The company has a market capitalization of $527.40 million, a P/E ratio of -11.41 and a beta of 1.32.

Red Cat Profile

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.