Red Cat Holdings, Inc. (NASDAQ:RCAT) Director Nicholas Reyland Liuzza, Jr. Sells 20,000 Shares

Red Cat Holdings, Inc. (NASDAQ:RCAT - Get Free Report) Director Nicholas Reyland Liuzza, Jr. sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $13.92, for a total transaction of $278,400.00. Following the transaction, the director now directly owns 461,072 shares in the company, valued at $6,418,122.24. The trade was a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Red Cat Stock Performance

Shares of NASDAQ RCAT traded up $1.52 during mid-day trading on Thursday, reaching $13.41. The company had a trading volume of 20,218,289 shares, compared to its average volume of 2,205,958. Red Cat Holdings, Inc. has a twelve month low of $0.56 and a twelve month high of $14.91. The stock's 50 day moving average is $6.60 and its 200-day moving average is $3.78. The stock has a market capitalization of $1.07 billion, a PE ratio of -29.15 and a beta of 1.33.

Red Cat (NASDAQ:RCAT - Get Free Report) last posted 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 in the previous year, the company earned ($0.11) EPS. On average, sell-side analysts anticipate that Red Cat Holdings, Inc. will post -0.39 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Sanctuary Advisors LLC bought a new position in shares of Red Cat in the third quarter valued at approximately $25,000. Sheets Smith Wealth Management bought a new position in Red Cat during the third quarter valued at about $51,000. United Capital Management of KS Inc. bought a new position in Red Cat in the third quarter worth $108,000. XTX Topco Ltd raised its stake in shares of Red Cat by 390.9% in the 2nd quarter. XTX Topco Ltd now owns 58,895 shares of the company's stock valued at $68,000 after buying an additional 46,897 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. bought a new position in shares of Red Cat during the 3rd quarter worth 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.