Kieckhefer Group LLC Invests $296,000 in Red Cat Holdings, Inc. (NASDAQ:RCAT)

Kieckhefer Group LLC acquired a new position in Red Cat Holdings, Inc. (NASDAQ:RCAT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 23,000 shares of the company’s stock, valued at approximately $296,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Renaissance Technologies LLC purchased a new position in shares of Red Cat during the 2nd quarter worth $267,000. XTX Topco Ltd increased its holdings in shares of Red Cat by 390.9% in the 2nd quarter. XTX Topco Ltd now owns 58,895 shares of the company’s stock worth $68,000 after buying an additional 46,897 shares during the last quarter. PVG Asset Management Corp purchased a new position in Red Cat during the second quarter worth $63,000. Sheets Smith Wealth Management bought a new stake in Red Cat in the third quarter worth about $51,000. Finally, United Capital Management of KS Inc. purchased a new position in Red Cat during the 3rd quarter valued at $108,000. Institutional investors own 37.97% of the company’s stock.

Insider Transactions at Red Cat

In other news, Director Joseph David Freedman sold 15,000 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $14.24, for a total value of $213,600.00. Following the sale, the director now directly owns 585,190 shares in the company, valued at approximately $8,333,105.60. This trade represents a 2.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nicholas Reyland Liuzza, Jr. sold 328,928 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $8.29, for a total transaction of $2,726,813.12. Following the sale, the director now directly owns 681,072 shares of the company’s stock, valued at $5,646,086.88. The trade was a 32.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,930,441 shares of company stock valued at $21,099,751. 21.50% of the stock is currently owned by corporate insiders.

Red Cat Price Performance

Shares of NASDAQ:RCAT traded down $0.79 on Monday, hitting $9.24. 4,357,572 shares of the company’s stock were exchanged, compared to its average volume of 10,454,617. The stock has a market capitalization of $740.69 million, a price-to-earnings ratio of -20.09 and a beta of 1.32. Red Cat Holdings, Inc. has a 12 month low of $0.56 and a 12 month high of $15.27. The business’s 50 day simple moving average is $8.71 and its two-hundred day simple moving average is $4.72.

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 previous year, the business earned ($0.11) EPS. Equities analysts forecast that Red Cat Holdings, Inc. will post -0.39 EPS for the current fiscal year.

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.