OMERS ADMINISTRATION Corp Has $298,000 Stake in Red Cat Holdings, Inc. $RCAT

OMERS ADMINISTRATION Corp reduced its position in Red Cat Holdings, Inc. (NASDAQ:RCAT - Free Report) by 62.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 50,700 shares of the company's stock after selling 82,700 shares during the period. OMERS ADMINISTRATION Corp owned 0.06% of Red Cat worth $298,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in RCAT. Bank of America Corp DE increased its stake in shares of Red Cat by 407.0% in the 4th quarter. Bank of America Corp DE now owns 3,397 shares of the company's stock valued at $44,000 after buying an additional 2,727 shares during the period. SBI Securities Co. Ltd. increased its stake in shares of Red Cat by 104.4% in the 1st quarter. SBI Securities Co. Ltd. now owns 9,467 shares of the company's stock valued at $56,000 after buying an additional 4,835 shares during the period. Summit Trail Advisors LLC acquired a new stake in shares of Red Cat in the 1st quarter valued at $59,000. U.S. Capital Wealth Advisors LLC increased its stake in shares of Red Cat by 30.0% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 14,070 shares of the company's stock valued at $83,000 after buying an additional 3,250 shares during the period. Finally, Baader Bank Aktiengesellschaft acquired a new stake in shares of Red Cat in the 1st quarter valued at $89,000. 37.97% of the stock is owned by institutional investors and hedge funds.

Red Cat Stock Down 3.5%

NASDAQ:RCAT opened at $8.57 on Thursday. Red Cat Holdings, Inc. has a 12-month low of $2.31 and a 12-month high of $15.27. The firm has a market capitalization of $854.94 million, a P/E ratio of -15.87 and a beta of 1.44. The stock's fifty day simple moving average is $8.87 and its 200-day simple moving average is $7.24.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Northland Securities set a $16.00 target price on Red Cat in a research note on Friday, August 15th. Wall Street Zen raised Red Cat from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Strong Buy" and a consensus target price of $16.00.

Insiders Place Their Bets

In other Red Cat news, Director Nicholas Reyland Liuzza, Jr. sold 100,000 shares of Red Cat stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $8.58, for a total transaction of $858,000.00. Following the transaction, the director directly owned 387,445 shares in the company, valued at approximately $3,324,278.10. The trade was a 20.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Christopher R. Moe sold 16,833 shares of Red Cat stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $9.58, for a total value of $161,260.14. Following the transaction, the director owned 113,073 shares in the company, valued at approximately $1,083,239.34. This represents a 12.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 276,833 shares of company stock worth $2,214,060. Corporate insiders own 15.30% of the company's 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.

Want to see what other hedge funds are holding RCAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Red Cat Holdings, Inc. (NASDAQ:RCAT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.