Red Cat Holdings, Inc. (NASDAQ:RCAT) Director Nicholas Reyland Liuzza, Jr. Sells 200,000 Shares

Red Cat Holdings, Inc. (NASDAQ:RCAT) Director Nicholas Reyland Liuzza, Jr. sold 200,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $10.80, for a total transaction of $2,160,000.00. Following the completion of the transaction, the director now directly owns 481,072 shares in the company, valued at $5,195,577.60. This trade represents a 29.37 % 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 Down 8.6 %

RCAT stock opened at $12.26 on Friday. Red Cat Holdings, Inc. has a twelve month low of $0.56 and a twelve month high of $14.91. The business’s fifty day moving average is $6.79 and its 200-day moving average is $3.88. The company has a market cap of $982.77 million, a P/E ratio of -26.65 and a beta of 1.33.

Red Cat (NASDAQ:RCAT) last issued its earnings results on Monday, December 16th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.27). Red Cat had a negative net margin of 162.50% and a negative return on equity of 66.19%. During the same quarter in the prior year, the company posted ($0.11) earnings per share. Research analysts anticipate that Red Cat Holdings, Inc. will post -0.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Red Cat

Several institutional investors and hedge funds have recently modified their holdings of RCAT. Renaissance Technologies LLC acquired a new stake in shares of Red Cat during the second quarter worth $267,000. State Street Corp raised its holdings in Red Cat by 44.9% during the third quarter. State Street Corp now owns 221,958 shares of the company’s stock worth $564,000 after acquiring an additional 68,800 shares in the last quarter. Corsair Capital Management L.P. acquired a new position in Red Cat during the third quarter valued at approximately $308,000. Wolverine Trading LLC bought a new position in Red Cat in the third quarter valued at approximately $233,000. Finally, Centiva Capital LP acquired a new position in shares of Red Cat during the 3rd quarter worth approximately $207,000. 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.