Paul Funk II Sells 165,028 Shares of Red Cat (NASDAQ:RCAT) Stock

Posted by George Bondi on Jun 17th, 2026

Red Cat Holdings, Inc. (NASDAQ:RCAT – Get Free Report) Director Paul Funk II sold 165,028 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $11.50, for a total transaction of $1,897,822.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Red Cat Stock Performance

Shares of Red Cat stock opened at $10.90 on Wednesday. Red Cat Holdings, Inc. has a 52-week low of $5.77 and a 52-week high of $18.78. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of -15.57 and a beta of 1.23. The company has a fifty day moving average of $11.69 and a 200-day moving average of $11.89.

Red Cat (NASDAQ:RCAT – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.10). The business had revenue of $15.47 million during the quarter, compared to analysts’ expectations of $17.63 million. Red Cat had a negative net margin of 138.36% and a negative return on equity of 35.86%. The firm’s revenue for the quarter was up 849.1% on a year-over-year basis. On average, equities research analysts forecast that Red Cat Holdings, Inc. will post -0.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RCAT has been the subject of several analyst reports. Wall Street Zen raised shares of Red Cat from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 6th. LADENBURG THALM/SH SH upgraded shares of Red Cat to a “strong-buy” rating in a report on Wednesday, May 6th. Clear Str upgraded shares of Red Cat to a “strong-buy” rating in a report on Wednesday, April 29th. HC Wainwright initiated coverage on shares of Red Cat in a report on Wednesday, May 27th. They issued a “buy” rating and a $20.00 price objective for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Red Cat in a report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $21.40.

Get Our Latest Stock Report on RCAT

Institutional Trading of Red Cat

A number of institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of Red Cat by 136.4% during the 4th quarter. State Street Corp now owns 6,612,153 shares of the company’s stock valued at $52,434,000 after acquiring an additional 3,815,310 shares during the last quarter. Brevan Howard Capital Management LP purchased a new stake in shares of Red Cat during the 3rd quarter valued at about $19,739,000. Vanguard Group Inc. boosted its holdings in shares of Red Cat by 43.9% in the third quarter. Vanguard Group Inc. now owns 5,506,377 shares of the company’s stock worth $56,991,000 after buying an additional 1,680,929 shares during the last quarter. Davidson Kempner Capital Management LP purchased a new position in shares of Red Cat in the third quarter worth approximately $17,286,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Red Cat in the first quarter worth approximately $18,533,000. 37.97% of the stock is currently owned by institutional investors.

About Red Cat

(Get Free Report)

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.