Red Cat Holdings, Inc. (NASDAQ:RCAT) Director Nicholas Reyland Liuzza, Jr. Sells 20,000 Shares of 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 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 transaction was disclosed in a legal filing with the SEC, which is available through this link.

Red Cat Trading Up 12.8 %

Shares of NASDAQ RCAT opened at $13.41 on Friday. Red Cat Holdings, Inc. has a 12-month low of $0.56 and a 12-month high of $14.91. The company has a market cap of $1.07 billion, a PE ratio of -29.15 and a beta of 1.33. The stock has a 50 day simple moving average of $6.60 and a 200-day simple moving average of $3.78.

Red Cat (NASDAQ:RCAT) last released its quarterly earnings results 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 in the prior year, the firm posted ($0.11) earnings per share. Sell-side analysts forecast that Red Cat Holdings, Inc. will post -0.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Red Cat

Several large investors have recently bought and sold shares of RCAT. Centiva Capital LP acquired a new stake in shares of Red Cat in the 3rd quarter worth approximately $207,000. Wolverine Trading LLC bought a new stake in Red Cat during the third quarter worth approximately $233,000. Corsair Capital Management L.P. acquired a new stake in Red Cat in the third quarter worth approximately $308,000. Pekin Hardy Strauss Inc. bought a new position in Red Cat during the 3rd quarter valued at $138,000. Finally, Renaissance Technologies LLC bought a new position in Red Cat during the 2nd quarter valued at $267,000. Institutional investors and hedge funds own 37.97% of the company’s stock.

Red Cat Company 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.