30,228 Shares in Red Cat Holdings, Inc. (NASDAQ:RCAT) Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC acquired a new stake in shares of Red Cat Holdings, Inc. (NASDAQ:RCAT) during the 4th quarter, Holdings Channel.com reports. The fund acquired 30,228 shares of the company’s stock, valued at approximately $388,000.

Other large investors also recently bought and sold shares of the company. Moors & Cabot Inc. bought a new stake in shares of Red Cat during the 4th quarter valued at about $554,000. Daiwa Securities Group Inc. acquired a new position in Red Cat in the fourth quarter valued at approximately $118,000. Raymond James Financial Inc. bought a new position in shares of Red Cat during the fourth quarter valued at approximately $478,000. Charles Schwab Investment Management Inc. raised its position in shares of Red Cat by 63.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 30,059 shares of the company’s stock worth $386,000 after purchasing an additional 11,661 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Red Cat in the 4th quarter worth approximately $60,000. Institutional investors own 37.97% of the company’s stock.

Analyst Ratings Changes

RCAT has been the subject of a number of recent research reports. Northland Securities initiated coverage on Red Cat in a research note on Tuesday, March 11th. They set an “outperform” rating and a $13.00 price objective for the company. Northland Capmk upgraded shares of Red Cat to a “strong-buy” rating in a research report on Monday, March 10th.

Red Cat Stock Performance

Shares of RCAT stock opened at $6.17 on Monday. The business has a 50 day simple moving average of $7.20 and a 200 day simple moving average of $6.92. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.43 and a quick ratio of 0.60. The firm has a market capitalization of $528.45 million, a price-to-earnings ratio of -11.43 and a beta of 1.34. Red Cat Holdings, Inc. has a 12-month low of $0.78 and a 12-month high of $15.27.

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.