Nicholas Reyland Liuzza, Jr. Sells 200,000 Shares of Red Cat Holdings, Inc. (NASDAQ:RCAT) Stock

Red Cat Holdings, Inc. (NASDAQ:RCAT) Director Nicholas Reyland Liuzza, Jr. sold 200,000 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $10.80, for a total transaction of $2,160,000.00. Following the transaction, the director now owns 481,072 shares in the company, valued at approximately $5,195,577.60. This represents a 29.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Red Cat Stock Down 8.6 %

Red Cat stock opened at $12.26 on Friday. The stock has a market cap of $982.77 million, a P/E ratio of -26.65 and a beta of 1.33. Red Cat Holdings, Inc. has a 12 month low of $0.56 and a 12 month high of $14.91. The company’s fifty day simple moving average is $6.79 and its 200-day simple moving average is $3.86.

Red Cat (NASDAQ:RCAT) last announced its quarterly 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 period last year, the firm posted ($0.11) earnings per share. On average, equities research analysts expect that Red Cat Holdings, Inc. will post -0.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Red Cat

A number of large investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC acquired a new stake in shares of Red Cat in the third quarter worth $25,000. Sheets Smith Wealth Management acquired a new position in Red Cat in the 3rd quarter valued at $51,000. United Capital Management of KS Inc. bought a new position in Red Cat in the 3rd quarter worth $108,000. XTX Topco Ltd lifted its position in 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 acquiring an additional 46,897 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. bought a new stake in Red Cat during the third quarter valued at about $138,000. Institutional investors 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.