Silver Oak Securities Incorporated Boosts Stock Holdings in Red Cat Holdings, Inc. (NASDAQ:RCAT)

Silver Oak Securities Incorporated grew its position in Red Cat Holdings, Inc. (NASDAQ:RCAT) by 502.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,755 shares of the company’s stock after purchasing an additional 50,668 shares during the period. Silver Oak Securities Incorporated owned about 0.08% of Red Cat worth $856,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in RCAT. U.S. Capital Wealth Advisors LLC bought a new stake in Red Cat in the 4th quarter worth about $139,000. N.E.W. Advisory Services LLC purchased a new position in shares of Red Cat in the 4th quarter worth approximately $423,000. Regency Capital Management Inc. DE bought a new position in shares of Red Cat in the fourth quarter valued at approximately $130,000. Myecfo LLC purchased a new stake in shares of Red Cat during the fourth quarter valued at approximately $193,000. Finally, Kieckhefer Group LLC bought a new stake in Red Cat during the fourth quarter worth $296,000. 37.97% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Jeffrey M. Thompson sold 392,551 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $11.34, for a total value of $4,451,528.34. Following the sale, the chief executive officer now directly owns 13,121,898 shares in the company, valued at approximately $148,802,323.32. The trade was a 2.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider George Michael Matus sold 309,491 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $14.27, for a total transaction of $4,416,436.57. Following the transaction, the insider now 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 1,930,441 shares of company stock valued at $21,099,751 in the last three months. Company insiders own 21.50% of the company’s stock.

Red Cat Trading Up 8.3 %

Shares of NASDAQ:RCAT opened at $10.61 on Friday. Red Cat Holdings, Inc. has a 1 year low of $0.56 and a 1 year high of $15.27. The business has a fifty day moving average price of $10.07 and a two-hundred day moving average price of $5.69. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.60 and a current ratio of 1.43.

Red Cat (NASDAQ:RCAT) last posted its quarterly 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 net margin of 232.62% and a negative return on equity of 96.00%. During the same quarter in the prior year, the business posted ($0.11) EPS. Sell-side analysts anticipate that Red Cat Holdings, Inc. will post -0.5 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.