Red Cat Holdings, Inc. (NASDAQ:RCAT) Director Nicholas Reyland Liuzza, Jr. Sells 328,928 Shares of Stock

Red Cat Holdings, Inc. (NASDAQ:RCAT) Director Nicholas Reyland Liuzza, Jr. sold 328,928 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $8.29, for a total transaction of $2,726,813.12. Following the completion of the transaction, the director now directly owns 681,072 shares in the company, valued at $5,646,086.88. This trade represents a 32.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Red Cat Stock Performance

Shares of RCAT stock opened at $10.75 on Friday. The firm’s 50 day moving average price is $5.91 and its two-hundred day moving average price is $3.48. The stock has a market cap of $811.25 million, a PE ratio of -23.37 and a beta of 1.33. Red Cat Holdings, Inc. has a 52-week low of $0.56 and a 52-week high of $12.57.

Red Cat (NASDAQ:RCAT) last announced its quarterly earnings data 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 last year, the firm earned ($0.11) EPS. As a group, sell-side analysts predict that Red Cat Holdings, Inc. will post -0.39 earnings per share for the current fiscal year.

Institutional Trading of Red Cat

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