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

Red Cat Holdings, Inc. (NASDAQ:RCAT) Director Nicholas Reyland Liuzza, Jr. sold 20,000 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $13.92, for a total value of $278,400.00. Following the completion of the sale, the director now owns 461,072 shares of the company’s stock, valued at approximately $6,418,122.24. This trade represents a 4.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Red Cat Trading Down 8.6 %

Shares of Red Cat stock opened at $12.26 on Friday. Red Cat Holdings, Inc. has a 52 week low of $0.56 and a 52 week high of $14.91. The stock has a market cap of $982.77 million, a PE ratio of -26.65 and a beta of 1.33. The company’s 50-day moving average price is $6.79 and its two-hundred day moving average price is $3.88.

Red Cat (NASDAQ:RCAT) last announced its quarterly earnings data on Monday, December 16th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter last year, the firm posted ($0.11) earnings per share. On average, equities analysts predict that Red Cat Holdings, Inc. will post -0.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Red Cat

A number of hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC acquired a new position in shares of Red Cat in the 3rd quarter valued at $25,000. Sheets Smith Wealth Management acquired a new stake in Red Cat during the 3rd quarter worth about $51,000. PVG Asset Management Corp purchased a new stake in Red Cat during the second quarter valued at about $63,000. XTX Topco Ltd boosted its holdings in shares of Red Cat by 390.9% in the second quarter. XTX Topco Ltd now owns 58,895 shares of the company’s stock worth $68,000 after buying an additional 46,897 shares during the period. Finally, United Capital Management of KS Inc. purchased a new position in shares of Red Cat in the third quarter worth approximately $108,000. 37.97% of the stock is currently owned by institutional investors and hedge funds.

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.