Myecfo LLC Takes Position in Red Cat Holdings, Inc. (NASDAQ:RCAT)

Myecfo LLC acquired a new position in shares of Red Cat Holdings, Inc. (NASDAQ:RCAT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,000 shares of the company’s stock, valued at approximately $193,000.

A number of other institutional investors have also recently bought and sold shares of the company. Kieckhefer Group LLC purchased a new stake in shares of Red Cat during the 4th quarter worth about $296,000. Sanctuary Advisors LLC bought a new position in Red Cat during the third quarter valued at approximately $25,000. Wolverine Trading LLC acquired a new stake in Red Cat in the third quarter valued at approximately $233,000. State Street Corp increased its stake in shares of Red Cat by 44.9% during the 3rd quarter. State Street Corp now owns 221,958 shares of the company’s stock worth $564,000 after purchasing an additional 68,800 shares during the last quarter. Finally, Centiva Capital LP bought a new stake in Red Cat in the third quarter worth $207,000. Institutional investors and hedge funds own 37.97% of the company’s stock.

Insiders Place Their Bets

In other Red Cat news, Director Joseph David Freedman sold 50,000 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $10.00, for a total value of $500,000.00. Following the sale, the director now directly owns 635,190 shares in the company, valued at $6,351,900. This trade represents a 7.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider George Michael Matus sold 309,491 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $14.27, for a total transaction of $4,416,436.57. Following the transaction, the insider now directly owns 304,406 shares of the company’s stock, valued at $4,343,873.62. This represents a 50.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,930,441 shares of company stock valued at $21,099,751 in the last quarter. Insiders own 21.50% of the company’s stock.

Red Cat Price Performance

NASDAQ RCAT opened at $9.33 on Tuesday. The firm has a market cap of $747.90 million, a P/E ratio of -20.28 and a beta of 1.32. The stock’s 50-day moving average is $8.83 and its two-hundred day moving average is $4.78. Red Cat Holdings, Inc. has a fifty-two week low of $0.56 and a fifty-two week high of $15.27.

Red Cat (NASDAQ:RCAT) last posted its earnings results on Monday, December 16th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate 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 business 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.

Red Cat 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.