Red Cat Holdings, Inc. (NASDAQ:RCAT) Insider Sells $4,416,436.57 in Stock

Red Cat Holdings, Inc. (NASDAQ:RCAT) insider George Michael Matus sold 309,491 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $14.27, for a total transaction of $4,416,436.57. Following the completion of the sale, the insider now directly owns 304,406 shares in the company, valued at $4,343,873.62. This trade represents a 50.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

George Michael Matus also recently made the following trade(s):

• On Tuesday, December 24th, George Michael Matus sold 72,093 shares of Red Cat stock. The stock was sold at an average price of $12.10, for a total value of $872,325.30.
• On Friday, December 20th, George Michael Matus sold 287,113 shares of Red Cat stock. The shares were sold at an average price of $9.94, for a total value of $2,853,903.22.
• On Wednesday, December 18th, George Michael Matus sold 112,686 shares of Red Cat stock. The stock was sold at an average price of $9.20, for a total value of $1,036,711.20.

Red Cat Trading Down 8.6 %

NASDAQ RCAT opened at $12.26 on Monday. Red Cat Holdings, Inc. has a 12 month low of $0.56 and a 12 month high of $14.91. The company’s 50-day moving average price is $6.79 and its 200-day moving average price is $3.90. The stock has a market cap of $982.77 million, a PE ratio of -26.65 and a beta of 1.33.

Red Cat (NASDAQ:RCAT) last issued its 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 return on equity of 66.19% and a negative net margin of 162.50%. During the same quarter in the prior year, the company earned ($0.11) earnings per share. As a group, sell-side analysts forecast that Red Cat Holdings, Inc. will post -0.39 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new position in shares of Red Cat during the 3rd quarter worth $25,000. Sheets Smith Wealth Management purchased a new stake in Red Cat in the third quarter worth about $51,000. United Capital Management of KS Inc. purchased a new position in Red Cat during the 3rd quarter valued at about $108,000. Pekin Hardy Strauss Inc. bought a new stake in shares of Red Cat in the 3rd quarter valued at about $138,000. Finally, PVG Asset Management Corp bought a new stake in shares of Red Cat in the 2nd quarter valued at about $63,000. 37.97% of the stock is currently owned by hedge funds and other institutional investors.

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.