Joseph David Freedman Sells 15,000 Shares of Red Cat Holdings, Inc. (NASDAQ:RCAT) Stock

Red Cat Holdings, Inc. (NASDAQ:RCAT - Get Free Report) Director Joseph David Freedman sold 15,000 shares of the business's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $14.24, for a total transaction of $213,600.00. Following the transaction, the director now owns 585,190 shares in the company, valued at approximately $8,333,105.60. This trade represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Joseph David Freedman also recently made the following trade(s):

• On Friday, December 20th, Joseph David Freedman sold 50,000 shares of Red Cat stock. The shares were sold at an average price of $10.00, for a total value of $500,000.00.

Red Cat Stock Up 14.9 %

Red Cat stock traded up $1.83 during mid-day trading on Monday, reaching $14.09. 17,978,311 shares of the company's stock were exchanged, compared to its average volume of 2,322,183. The business's fifty day simple moving average is $6.79 and its 200 day simple moving average is $3.90. Red Cat Holdings, Inc. has a one year low of $0.56 and a one year high of $14.91. The firm has a market capitalization of $1.13 billion, a PE ratio of -30.63 and a beta of 1.33.

Red Cat (NASDAQ:RCAT - Get Free Report) last released its earnings results on Monday, December 16th. The company reported ($0.18) EPS 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 in the prior year, the firm earned ($0.11) EPS. On average, sell-side analysts forecast that Red Cat Holdings, Inc. will post -0.39 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC purchased a new stake in Red Cat in the 3rd quarter worth about $25,000. Sheets Smith Wealth Management bought a new position in Red Cat during the third quarter worth about $51,000. United Capital Management of KS Inc. purchased a new position in shares of Red Cat in the third quarter worth about $108,000. Pekin Hardy Strauss Inc. bought a new stake in shares of Red Cat in the third quarter valued at approximately $138,000. Finally, PVG Asset Management Corp purchased a new stake in shares of Red Cat during the 2nd quarter valued at approximately $63,000. 37.97% of the stock is owned by institutional investors.

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.