874,460 Shares in Red Cat Holdings, Inc. $RCAT Acquired by AWM Investment Company Inc.

AWM Investment Company Inc. bought a new position in shares of Red Cat Holdings, Inc. (NASDAQ:RCAT - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 874,460 shares of the company's stock, valued at approximately $9,313,000. AWM Investment Company Inc. owned about 0.71% of Red Cat at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. acquired a new position in Red Cat in the 2nd quarter valued at approximately $119,610,000. State Street Corp lifted its holdings in shares of Red Cat by 136.4% during the fourth quarter. State Street Corp now owns 6,612,153 shares of the company's stock worth $52,434,000 after purchasing an additional 3,815,310 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Red Cat by 43.9% during the third quarter. Vanguard Group Inc. now owns 5,506,377 shares of the company's stock worth $56,991,000 after purchasing an additional 1,680,929 shares during the period. Davidson Kempner Capital Management LP bought a new stake in shares of Red Cat in the third quarter worth $17,286,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Red Cat in the first quarter worth $18,533,000. Institutional investors and hedge funds own 37.97% of the company's stock.

Insiders Place Their Bets

In other news, Director Nicholas Reyland Liuzza, Jr. sold 55,000 shares of the company's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $10.63, for a total value of $584,650.00. Following the completion of the sale, the director owned 489,874 shares in the company, valued at $5,207,360.62. This represents a 10.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Christopher R. Moe sold 20,000 shares of the company's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $10.51, for a total transaction of $210,200.00. Following the completion of the sale, the director owned 200,502 shares of the company's stock, valued at approximately $2,107,276.02. The trade was a 9.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 240,028 shares of company stock valued at $2,692,672 in the last three months. 12.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

RCAT has been the subject of several recent research reports. Needham & Company LLC decreased their price target on Red Cat from $20.00 to $15.00 and set a "buy" rating for the company in a research note on Friday, August 7th. LADENBURG THALM/SH SH raised Red Cat to a "strong-buy" rating in a research note on Wednesday, May 6th. UBS Group started coverage on Red Cat in a research note on Wednesday, May 27th. They issued a "buy" rating on the stock. Wall Street Zen cut Red Cat from a "sell" rating to a "strong sell" rating in a report on Saturday, July 18th. Finally, HC Wainwright reissued a "buy" rating and set a $20.00 target price on shares of Red Cat in a research report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Red Cat presently has a consensus rating of "Buy" and a consensus target price of $20.40.

Red Cat Stock Performance

RCAT stock opened at $9.10 on Wednesday. The stock's 50 day simple moving average is $9.25 and its 200 day simple moving average is $11.40. The company has a market cap of $1.12 billion, a P/E ratio of -11.23 and a beta of 1.31. Red Cat Holdings, Inc. has a fifty-two week low of $5.77 and a fifty-two week high of $18.78.

Red Cat (NASDAQ:RCAT - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.05). The business had revenue of $20.20 million for the quarter, compared to analyst estimates of $22.65 million. Red Cat had a negative return on equity of 32.25% and a negative net margin of 136.26%. Equities analysts predict that Red Cat Holdings, Inc. will post -0.78 earnings per share for the current year.

Red Cat Profile

Red Cat Holdings, Inc NASDAQ: RCAT is a technology holding company that develops and delivers advanced robotics, autonomy, and sensing solutions for defense, national security, public safety and commercial customers. Headquartered in American Fork, Utah, the company brings together a portfolio of specialized operating businesses focused on unmanned aerial systems (UAS), mission management software, precision mapping sensors and engineering services.

Through its UAS segment, Red Cat designs and manufactures small to medium-sized fixed-wing and vertical-takeoff drones that support intelligence, surveillance and reconnaissance (ISR) missions.

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