Red Cat (NASDAQ:RCAT) Director Christopher Moe Sells 20,000 Shares of Stock

Red Cat Holdings, Inc. (NASDAQ:RCAT) Director Christopher Moe sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $10.51, for a total transaction of $210,200.00. Following the transaction, the director owned 200,502 shares in the company, valued at $2,107,276.02. The trade was a 9.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Red Cat Stock Performance

Shares of RCAT opened at $10.23 on Friday. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -12.63 and a beta of 1.31. Red Cat Holdings, Inc. has a fifty-two week low of $5.77 and a fifty-two week high of $18.78. The firm has a 50 day moving average price of $9.55 and a 200-day moving average price of $11.66.

Red Cat (NASDAQ:RCAT) last released its earnings results on Thursday, August 6th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.05). The business had revenue of $20.20 million for the quarter, compared to the consensus estimate of $22.65 million. Red Cat had a negative net margin of 136.26% and a negative return on equity of 39.64%. As a group, equities research analysts predict that Red Cat Holdings, Inc. will post -0.78 earnings per share for the current year.

Institutional Investors Weigh In On Red Cat

Large investors have recently made changes to their positions in the business. Allworth Financial LP purchased a new position in shares of Red Cat during the second quarter valued at approximately $28,000. IFP Advisors Inc increased its position in Red Cat by 181.1% during the 3rd quarter. IFP Advisors Inc now owns 2,670 shares of the company’s stock valued at $28,000 after purchasing an additional 1,720 shares during the period. Fifth Third Bancorp purchased a new position in Red Cat during the 1st quarter valued at $33,000. California State Teachers Retirement System bought a new position in Red Cat in the 2nd quarter worth $34,000. Finally, NFSG Corp raised its holdings in Red Cat by 200.0% in the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $39,000 after purchasing an additional 2,000 shares in the last quarter. 37.97% of the stock is currently owned by institutional investors.

Key Headlines Impacting Red Cat

Here are the key news stories impacting Red Cat this week:

• Positive Sentiment: Red Cat promoted Mitch McDonald to divisional CEO of its UAS operations, placing Teal Drones and FlightWave Aerospace under unified leadership. The move is intended to improve coordination, manufacturing scale and execution as demand from U.S. and allied defense customers grows. Red Cat Promotes Mitch McDonald to Divisional CEO of its UAS Operations
• Neutral Sentiment: Weakness in fellow drone maker Ondas Holdings after its quarterly results could be weighing on sentiment across the drone sector, although the companies’ operating results differ. Ondas also won a multimillion-dollar Israeli defense tender, highlighting continued defense-drone demand but providing no direct revenue benefit to RCAT. Ondas Drops 7% After Earnings
• Negative Sentiment: Director Christopher R. Moe reported sales totaling 30,000 shares at average prices of $10.51 and $10.04. The transactions reduced his direct ownership by roughly 13.4% across the reported sales and may raise caution about insider conviction.
• Negative Sentiment: Director Nicholas Reyland Liuzza, Jr. sold 55,000 shares at an average price of $10.63, reducing his position by approximately 10%. The sales add to recent insider-selling activity and increase near-term supply concerns.
• Negative Sentiment: Analysts lowered Red Cat’s projected third-quarter EPS, signaling expectations for greater losses or weaker profitability. This follows the company’s latest reported quarter, in which it missed consensus estimates on both EPS and revenue, while continuing to operate with substantial negative margins.

Analyst Ratings Changes

Several research firms have recently commented on RCAT. Weiss Ratings reiterated a “sell (d-)” rating on shares of Red Cat in a report on Friday, July 17th. Roth Capital initiated coverage on Red Cat in a research report on Monday, June 1st. They set a “buy” rating and a $25.00 price target on the stock. LADENBURG THALM/SH SH raised Red Cat to a “strong-buy” rating in a research note on Wednesday, May 6th. Needham & Company LLC decreased their target price on shares of Red Cat from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Finally, Clear Str raised shares of Red Cat to a “strong-buy” rating in a research report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $20.40.

Red Cat Company Profile

Red Cat Holdings, Inc (NASDAQ: RCAT) is a technology holding company that develops and delivers advanced robotics, autonomy, and sensing solutions for defense, national security, public safety and commercial customers. Headquartered in American Fork, Utah, the company brings together a portfolio of specialized operating businesses focused on unmanned aerial systems (UAS), mission management software, precision mapping sensors and engineering services.

Through its UAS segment, Red Cat designs and manufactures small to medium-sized fixed-wing and vertical-takeoff drones that support intelligence, surveillance and reconnaissance (ISR) missions.