<div id="readability-page-1"><p>Red Cat Holdings, Inc. (NASDAQ:RCAT - Get Free Report)'s stock price traded down 4.6% during mid-day trading on Friday . The stock traded as low as $13.76 and last traded at $13.99. 4,583,904 shares traded hands during trading, a decline of 46% from the average session volume of 8,544,382 shares. The stock had previously closed at $14.66.</p><h2>Wall Street Analyst Weigh In</h2><ul><li>MarketBeat Week in Review – 07/28 - 08/01</li></ul><p>Several research analysts have recently issued reports on RCAT shares. Needham &amp; Company LLC began coverage on shares of Red Cat in a report on Friday, October 3rd. They issued a &#34;buy&#34; rating and a $17.00 target price for the company. LADENBURG THALM/SH SH upgraded shares of Red Cat to a &#34;strong-buy&#34; rating in a research note on Thursday, October 2nd. Wall Street Zen downgraded Red Cat from a &#34;hold&#34; rating to a &#34;sell&#34; rating in a report on Saturday, October 4th. Northland Securities  set a $16.00 price objective on shares of Red Cat in a research note on Friday, August 15th. Finally, Weiss Ratings  reiterated a &#34;sell (d-)&#34; rating on shares of Red Cat in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one  has assigned  a Sell rating to the company. Based on data from MarketBeat.com, Red Cat presently has an average rating of &#34;Buy&#34; and a consensus price target of $16.50.</p><p><b>Get Our Latest Research Report on RCAT</b></p><h2>Red Cat Trading Down 6.1%</h2><ul><li>This Drone Stock Is on Sale Despite Big Army Contract</li></ul><p>The firm has a market cap of $1.62 billion, a price-to-earnings ratio of -25.00 and a beta of 1.45. The firm has a 50 day moving average price of $10.13 and a 200-day moving average price of $8.10. </p><h2>Insider Buying and Selling at Red Cat</h2><p>In other news, Director Christopher R. Moe sold 30,000 shares of the business's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $10.11, for a total value of $303,300.00. Following the completion of the transaction, the director directly owned 73,073 shares of the company's stock, valued at $738,768.03. The trade was a 29.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold 86,833 shares of company stock valued at $861,560 over the last ninety days. Insiders own  15.30% of the company's stock. </p><h2>Hedge Funds Weigh In On Red Cat</h2><ul><li>3 Short Squeeze Candidates With Big Catalysts on the Horizon</li></ul><p>A number of institutional investors have recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in  Red Cat by 142.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,656,720 shares of the company's stock valued at $12,063,000 after acquiring an additional 974,121 shares during the last quarter.  MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of  Red Cat by 125.5% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 517,061 shares of the company's stock valued at $3,764,000 after acquiring an additional 287,802 shares during the last quarter.  AWM Investment Company Inc. increased its position in  Red Cat by 15.3% during the second quarter. AWM Investment Company Inc. now owns 2,037,616 shares of the company's stock worth $14,834,000 after purchasing an additional 269,942 shares during the last quarter.  GW Henssler &amp; Associates Ltd. acquired a new position in  Red Cat during the first quarter worth approximately $1,297,000.  Finally, XTX Topco Ltd increased its position in  Red Cat by 510.9% during the second quarter. XTX Topco Ltd now owns 237,927 shares of the company's stock worth $1,732,000 after purchasing an additional 198,982 shares during the last quarter. Institutional investors and hedge funds own  37.97% of the company's stock. </p><h2>About Red Cat</h2> (Get Free Report)<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Red Cat</li><li>What is the S&amp;P/TSX Index?</li><li>Constellation Brands: Buffett’s $2.2B Bet May Have Hit Bottom</li><li>Stock Market Sectors: What Are They and How Many Are There? </li><li>How Gamers Are Powering Microsoft’s Next Wave of Growth</li><li>What Investors Need to Know About Upcoming IPOs</li><li>Big Gains Alert: These 3 Tech Stocks Are Surging This Month</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Red Cat Right Now?</h2><p>Before you consider Red Cat, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Red Cat wasn't on the list.</p><p>While Red Cat currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

RCAT

<p>Red Cat Holdings, Inc. (NASDAQ:RCAT) saw its stock price decline by 4.6% to $13.99 during mid-day trading, with a trading volume of 4,583,904 shares. Analysts have mixed opinions on the stock, with Needham & Company issuing a "buy" rating and a $17.00 target price, while Wall Street Zen downgraded it to a "sell" rating. The company has a market cap of $1.62 billion and insiders have sold 86,833 shares in the last ninety days. Institutional investors own 37.97% of the stock.</p>

Red Cat (NASDAQ:RCAT) Stock Price Down 4.6% - Should You Sell?