Red Cat Holdings, Inc. (NASDAQ:RCAT – Get Free Report) Director Christopher Moe sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $10.04, for a total transaction of $100,400.00. Following the transaction, the director owned 220,502 shares of the company’s stock, valued at approximately $2,213,840.08. This represents a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Red Cat Trading Down 0.9%
NASDAQ:RCAT opened at $10.23 on Friday. Red Cat Holdings, Inc. has a 1-year low of $5.77 and a 1-year high of $18.78. The stock’s 50-day moving average is $9.55 and its 200-day moving average is $11.66. The stock has a market cap of $1.26 billion, a P/E ratio of -12.63 and a beta of 1.31.
Red Cat (NASDAQ:RCAT – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.05). The business had revenue of $20.20 million for the quarter, compared to analyst estimates of $22.65 million. Red Cat had a negative return on equity of 39.64% and a negative net margin of 136.26%. As a group, equities analysts forecast that Red Cat Holdings, Inc. will post -0.78 EPS for the current year.
Institutional Trading of Red Cat
Analyst Ratings Changes
A number of equities research analysts have commented on the stock. Clear Str upgraded shares of Red Cat to a “strong-buy” rating in a report on Wednesday, April 29th. LADENBURG THALM/SH SH upgraded shares of Red Cat to a “strong-buy” rating in a research note on Wednesday, May 6th. UBS Group began coverage on Red Cat in a report on Wednesday, May 27th. They issued a “buy” rating for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Red Cat in a report on Friday, July 17th. Finally, Roth Capital initiated coverage on Red Cat in a research report on Monday, June 1st. They issued a “buy” rating and a $25.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $20.40.
Read Our Latest Analysis on Red Cat
Red Cat News Roundup
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.
About Red Cat
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.
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