XTX Topco Ltd Increases Stock Holdings in Red Cat Holdings, Inc. $RCAT

XTX Topco Ltd raised its position in shares of Red Cat Holdings, Inc. (NASDAQ:RCAT) by 510.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 237,927 shares of the company’s stock after purchasing an additional 198,982 shares during the quarter. XTX Topco Ltd’s holdings in Red Cat were worth $1,732,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RCAT. Bank of America Corp DE lifted 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 worth $44,000 after purchasing an additional 2,727 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in Red Cat by 28,681.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 6,044 shares of the company’s stock valued at $44,000 after buying an additional 6,023 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in Red Cat in the second quarter worth approximately $56,000. Legal & General Group Plc purchased a new position in shares of Red Cat during the 2nd quarter worth $61,000. Finally, AlphaQuest LLC bought a new stake in shares of Red Cat during the 2nd quarter valued at $67,000. Hedge funds and other institutional investors own 37.97% of the company’s stock.

Analyst Upgrades and Downgrades

RCAT has been the topic of several analyst reports. Northland Securities set a $16.00 target price on Red Cat in a research report on Friday, August 15th. Wall Street Zen cut Red Cat from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. Needham & Company LLC decreased their price objective on Red Cat from $17.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Red Cat in a research note on Wednesday, October 8th. Finally, LADENBURG THALM/SH SH raised shares of Red Cat to a “strong-buy” rating in a report on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $14.00.

Insider Buying and Selling at Red Cat

In related news, Director Christopher R. Moe sold 30,000 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $10.11, for a total transaction of $303,300.00. Following the completion of the transaction, the director directly owned 73,073 shares of the company’s stock, valued at approximately $738,768.03. This trade represents a 29.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 60,000 shares of company stock worth $611,000 in the last three months. 15.30% of the stock is currently owned by corporate insiders.

Red Cat Trading Up 0.7%

NASDAQ:RCAT opened at $7.33 on Friday. The stock has a 50-day moving average price of $10.42 and a 200 day moving average price of $9.09. The stock has a market capitalization of $874.98 million, a P/E ratio of -16.66 and a beta of 1.45. Red Cat Holdings, Inc. has a 12-month low of $4.58 and a 12-month high of $16.70.

Red Cat (NASDAQ:RCAT) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.09). The business had revenue of $9.65 million during the quarter, compared to analyst estimates of $8.18 million. Red Cat has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts predict that Red Cat Holdings, Inc. will post -0.5 earnings per share for the current fiscal year.

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.