Schonfeld Strategic Advisors LLC Makes New $555,000 Investment in Red Cat Holdings, Inc. (NASDAQ:RCAT)

Schonfeld Strategic Advisors LLC acquired a new stake in shares of Red Cat Holdings, Inc. (NASDAQ:RCAT - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 43,202 shares of the company's stock, valued at approximately $555,000. Schonfeld Strategic Advisors LLC owned approximately 0.05% of Red Cat as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Twin Tree Management LP bought a new stake in Red Cat during the fourth quarter valued at about $28,000. Mark Sheptoff Financial Planning LLC bought a new stake in Red Cat during the 4th quarter valued at approximately $48,000. SBI Securities Co. Ltd. purchased a new position in Red Cat in the 4th quarter worth approximately $60,000. Jones Financial Companies Lllp boosted its stake in Red Cat by 1,536.6% in the 4th quarter. Jones Financial Companies Lllp now owns 8,887 shares of the company's stock worth $114,000 after purchasing an additional 8,344 shares during the period. Finally, Daiwa Securities Group Inc. purchased a new stake in Red Cat during the 4th quarter valued at approximately $118,000. 37.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

RCAT has been the subject of a number of research reports. Northland Securities began coverage on shares of Red Cat in a research report on Tuesday, March 11th. They set an "outperform" rating and a $13.00 target price for the company. Northland Capmk upgraded Red Cat to a "strong-buy" rating in a research report on Monday, March 10th.

Red Cat Trading Up 4.0 %

RCAT stock opened at $5.93 on Friday. The firm has a fifty day moving average price of $5.67 and a 200 day moving average price of $7.36. Red Cat Holdings, Inc. has a fifty-two week low of $0.80 and a fifty-two week high of $15.27. The firm has a market cap of $536.75 million, a PE ratio of -10.98 and a beta of 1.37. 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 Company 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.

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