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 firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $14.24, for a total value of $213,600.00. Following the sale, the director now owns 585,190 shares of the company’s stock, valued at $8,333,105.60. The trade was a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 Stock Performance

Shares of RCAT opened at $12.85 on Wednesday. Red Cat Holdings, Inc. has a 52 week low of $0.56 and a 52 week high of $14.91. The company has a market capitalization of $1.03 billion, a PE ratio of -27.93 and a beta of 1.33. The company’s 50 day moving average price is $7.01 and its 200 day moving average price is $4.00.

Red Cat (NASDAQ:RCAT) last posted its quarterly 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 previous year, the firm earned ($0.11) EPS. On average, equities analysts forecast that Red Cat Holdings, Inc. will post -0.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC bought a new stake in shares of Red Cat in the 2nd quarter valued at approximately $267,000. XTX Topco Ltd lifted its stake in Red Cat by 390.9% in the second quarter. XTX Topco Ltd now owns 58,895 shares of the company’s stock valued at $68,000 after acquiring an additional 46,897 shares during the last quarter. PVG Asset Management Corp bought a new stake in Red Cat in the second quarter worth approximately $63,000. Sheets Smith Wealth Management bought a new stake in Red Cat in the third quarter worth approximately $51,000. Finally, United Capital Management of KS Inc. bought a new position in shares of Red Cat during the 3rd quarter valued at $108,000. 37.97% of the stock is owned by institutional investors and hedge funds.

About Red Cat

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.