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

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

Red Cat Price Performance

Shares of RCAT traded up $1.66 during mid-day trading on Friday, hitting $10.75. 22,959,006 shares of the company’s stock were exchanged, compared to its average volume of 2,022,484. Red Cat Holdings, Inc. has a 52 week low of $0.56 and a 52 week high of $12.57. The company has a market cap of $811.25 million, a PE ratio of -23.37 and a beta of 1.33. The company has a 50-day simple moving average of $5.91 and a 200 day simple moving average of $3.48.

Red Cat (NASDAQ:RCAT) last released its 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 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. On average, analysts anticipate that Red Cat Holdings, Inc. will post -0.39 earnings per share for the current year.

Hedge Funds Weigh In On Red Cat

Several hedge funds have recently modified their holdings of RCAT. Renaissance Technologies LLC acquired a new position in Red Cat during the second quarter valued at approximately $267,000. XTX Topco Ltd increased its position in shares of Red Cat by 390.9% during the 2nd 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 last quarter. PVG Asset Management Corp bought a new stake in shares of Red Cat during the 2nd quarter worth approximately $63,000. Sheets Smith Wealth Management acquired a new stake in shares of Red Cat in the 3rd quarter valued at approximately $51,000. Finally, United Capital Management of KS Inc. bought a new position in shares of Red Cat in the third quarter valued at $108,000. Institutional investors own 37.97% of the company’s stock.

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.