Joseph David Freedman Sells 15,000 Shares of Red Cat Holdings, Inc. (NASDAQ:RCAT) Stock

Red Cat Holdings, Inc. (NASDAQ:RCAT) Director Joseph David Freedman sold 15,000 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $14.24, for a total transaction of $213,600.00. Following the transaction, the director now owns 585,190 shares in the company, valued at approximately $8,333,105.60. This trade represents a 2.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Joseph David Freedman also recently made the following trade(s):

• On Friday, December 20th, Joseph David Freedman sold 50,000 shares of Red Cat stock. The stock was sold at an average price of $10.00, for a total transaction of $500,000.00.

Red Cat Price Performance

NASDAQ RCAT opened at $12.85 on Thursday. Red Cat Holdings, Inc. has a fifty-two week low of $0.56 and a fifty-two week high of $14.91. The stock’s 50-day moving average is $7.21 and its two-hundred day moving average is $4.08. The firm has a market cap of $1.03 billion, a P/E ratio of -27.93 and a beta of 1.33.

Red Cat (NASDAQ:RCAT) last issued its quarterly earnings data 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 net margin of 162.50% and a negative return on equity of 66.19%. During the same period in the prior year, the company earned ($0.11) earnings per share. On average, equities analysts expect that Red Cat Holdings, Inc. will post -0.39 EPS for the current year.

Institutional Trading of Red Cat

A number of institutional investors and hedge funds have recently modified their holdings of RCAT. Centiva Capital LP acquired a new position in Red Cat in the 3rd quarter valued at $207,000. Wolverine Trading LLC bought a new position in shares of Red Cat in the third quarter worth about $233,000. Corsair Capital Management L.P. acquired a new position in shares of Red Cat during the 3rd quarter worth about $308,000. Pekin Hardy Strauss Inc. bought a new stake in Red Cat during the 3rd quarter valued at approximately $138,000. Finally, Renaissance Technologies LLC acquired a new stake in Red Cat in the 2nd quarter valued at approximately $267,000. 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.