Red Cat Holdings, Inc. (NASDAQ:RCAT) Director Nicholas Reyland Liuzza, Jr. Sells 100,309 Shares

Red Cat Holdings, Inc. (NASDAQ:RCAT - Get Free Report) Director Nicholas Reyland Liuzza, Jr. sold 100,309 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $6.70, for a total transaction of $672,070.30. Following the sale, the director directly owned 387,445 shares in the company, valued at approximately $2,595,881.50. The trade was a 20.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Red Cat Trading Up 26.4%

NASDAQ RCAT traded up $1.79 on Friday, reaching $8.57. 42,668,085 shares of the stock were exchanged, compared to its average volume of 5,873,447. The firm has a market capitalization of $788.27 million, a PE ratio of -15.87 and a beta of 1.43. Red Cat Holdings, Inc. has a one year low of $1.64 and a one year high of $15.27. The company's 50-day simple moving average is $7.01 and its two-hundred day simple moving average is $7.48.

Red Cat (NASDAQ:RCAT - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.17). Sell-side analysts forecast that Red Cat Holdings, Inc. will post -0.5 earnings per share for the current fiscal year.

Institutional Trading of Red Cat

A number of institutional investors have recently modified their holdings of the company. Twin Tree Management LP acquired a new stake in Red Cat in the 4th quarter worth approximately $28,000. Bank of America Corp DE increased its holdings in shares of Red Cat by 407.0% during the 4th quarter. Bank of America Corp DE now owns 3,397 shares of the company's stock valued at $44,000 after purchasing an additional 2,727 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Red Cat during the 4th quarter valued at approximately $48,000. SBI Securities Co. Ltd. increased its holdings in Red Cat by 104.4% in the 1st quarter. SBI Securities Co. Ltd. now owns 9,467 shares of the company's stock worth $56,000 after acquiring an additional 4,835 shares in the last quarter. Finally, Summit Trail Advisors LLC purchased a new stake in Red Cat in the 1st quarter worth $59,000. 37.97% of the stock is currently owned by institutional investors.

About Red Cat

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.