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

Red Cat Holdings, Inc. (NASDAQ:RCAT) Director Nicholas Reyland Liuzza, Jr. sold 20,000 shares of the firm’s stock in a transaction dated 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 owns 461,072 shares of the company’s stock, valued at $6,418,122.24. This trade represents a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Red Cat Price Performance

Shares of RCAT opened at $12.26 on Friday. Red Cat Holdings, Inc. has a 1-year low of $0.56 and a 1-year high of $14.91. The stock has a market cap of $982.77 million, a price-to-earnings ratio of -26.65 and a beta of 1.33. The firm has a 50 day simple moving average of $6.79 and a 200-day simple moving average of $3.86.

Red Cat (NASDAQ:RCAT) last released 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 earned ($0.11) earnings per share. On average, equities 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

Several hedge funds have recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new stake in Red Cat during the third quarter worth approximately $25,000. Sheets Smith Wealth Management acquired a new stake in shares of Red Cat during the third quarter worth $51,000. PVG Asset Management Corp purchased a new stake in shares of Red Cat in the second quarter valued at $63,000. XTX Topco Ltd increased its stake in Red Cat by 390.9% in the second quarter. XTX Topco Ltd now owns 58,895 shares of the company’s stock valued at $68,000 after purchasing an additional 46,897 shares during the last quarter. Finally, United Capital Management of KS Inc. purchased a new position in Red Cat during the third quarter worth about $108,000. 37.97% of the stock is owned by institutional investors and hedge funds.

About Red Cat

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.