17,027 Shares in Red Cat Holdings, Inc. (NASDAQ:RCAT) Bought by Fox Hill Wealth Management

Fox Hill Wealth Management purchased a new position in shares of Red Cat Holdings, Inc. (NASDAQ:RCAT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 17,027 shares of the company’s stock, valued at approximately $219,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Twin Tree Management LP acquired a new position in shares of Red Cat in the fourth quarter valued at approximately $28,000. SBI Securities Co. Ltd. purchased a new stake in Red Cat during the fourth quarter worth approximately $60,000. Jones Financial Companies Lllp boosted its stake in shares of Red Cat by 1,536.6% in the fourth quarter. Jones Financial Companies Lllp now owns 8,887 shares of the company’s stock valued at $114,000 after purchasing an additional 8,344 shares during the period. Daiwa Securities Group Inc. purchased a new position in shares of Red Cat in the fourth quarter valued at $118,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Red Cat in the third quarter valued at $25,000. 37.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider George Michael Matus sold 309,491 shares of the firm’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $14.27, for a total value of $4,416,436.57. Following the sale, the insider now owns 304,406 shares in the company, valued at approximately $4,343,873.62. This trade represents a 50.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Joseph David Freedman sold 15,000 shares of the firm’s 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 completion of the sale, the director now owns 585,190 shares in the company, valued at approximately $8,333,105.60. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,488,827 shares of company stock valued at $17,336,227 over the last 90 days. 21.50% of the stock is currently owned by company insiders.

Red Cat Price Performance

Shares of RCAT opened at $5.15 on Wednesday. The firm has a market cap of $440.93 million, a PE ratio of -9.54 and a beta of 1.32. The firm’s 50 day moving average price is $8.12 and its 200 day moving average price is $6.63. 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 Holdings, Inc. has a twelve month low of $0.70 and a twelve month high of $15.27.

Red Cat (NASDAQ:RCAT) last released its quarterly earnings results on Monday, December 16th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates 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) earnings per share. As a group, research analysts expect that Red Cat Holdings, Inc. will post -0.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RCAT has been the topic of a number of research analyst reports. Northland Capmk upgraded shares of Red Cat to a “strong-buy” rating in a research note on Monday, March 10th. Northland Securities assumed coverage on shares of Red Cat in a report on Tuesday, March 11th. They issued an “outperform” rating and a $13.00 price objective on the stock.

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.