Centiva Capital LP bought a new stake in shares of Red Cat Holdings, Inc. (NASDAQ:RCAT - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 81,614 shares of the company's stock, valued at approximately $207,000. Centiva Capital LP owned approximately 0.11% of Red Cat as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new position in shares of Red Cat during the second quarter valued at about $267,000. XTX Topco Ltd grew its holdings 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 acquiring an additional 46,897 shares during the period. PVG Asset Management Corp purchased a new position in shares of Red Cat during the 2nd quarter worth approximately $63,000. Sheets Smith Wealth Management bought a new position in shares of Red Cat in the 3rd quarter worth approximately $51,000. Finally, United Capital Management of KS Inc. purchased a new position in shares of Red Cat in the 3rd quarter valued at approximately $108,000. Hedge funds and other institutional investors own 37.97% of the company's stock.
Red Cat Price Performance
RCAT stock traded up $1.04 during midday trading on Friday, hitting $8.23. The stock had a trading volume of 7,305,300 shares, compared to its average volume of 1,598,337. The business has a 50-day moving average of $5.27 and a two-hundred day moving average of $3.18. The firm has a market cap of $621.04 million, a price-to-earnings ratio of -17.89 and a beta of 1.33. Red Cat Holdings, Inc. has a 52-week low of $0.55 and a 52-week high of $12.57.
Red Cat (NASDAQ:RCAT - Get Free Report) last announced its earnings results on Monday, September 23rd. The company reported ($0.17) EPS for the quarter. The business had revenue of $2.78 million for the quarter. Red Cat had a negative net margin of 162.50% and a negative return on equity of 66.19%. Research analysts predict that Red Cat Holdings, Inc. will post -0.39 earnings per share for the current year.
Red Cat Profile
(
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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