Red Cat (NASDAQ:RCAT) Shares Gap Up – Here’s What Happened

29 Jun 2026, 16:22 by Danessa Lincoln · The Markets Daily

Red Cat Holdings, Inc. (NASDAQ:RCAT – Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $9.28, but opened at $9.81. Red Cat shares last traded at $9.6940, with a volume of 1,969,495 shares.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on RCAT. HC Wainwright initiated coverage on shares of Red Cat in a report on Wednesday, May 27th. They set a “buy” rating and a $20.00 price target for the company. UBS Group started coverage on Red Cat in a report on Wednesday, May 27th. They set a “buy” rating on the stock. LADENBURG THALM/SH SH raised Red Cat to a “strong-buy” rating in a report on Wednesday, May 6th. Wall Street Zen raised shares of Red Cat from a “strong sell” rating to a “sell” rating in a research note on Saturday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Red Cat in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $21.40.

Check Out Our Latest Report on RCAT

Red Cat Stock Up 6.8%

The firm has a market cap of $1.22 billion, a PE ratio of -14.11 and a beta of 1.23. The firm’s 50 day moving average is $11.31 and its 200-day moving average is $12.04.

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

Insiders Place Their Bets

In related news, Director Paul Funk II sold 165,028 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $11.50, for a total transaction of $1,897,822.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 12.50% of the company’s stock.

Institutional Investors Weigh In On Red Cat

Hedge funds have recently modified their holdings of the stock. IFP Advisors Inc boosted its holdings in Red Cat by 181.1% in the third quarter. IFP Advisors Inc now owns 2,670 shares of the company’s stock valued at $28,000 after acquiring an additional 1,720 shares during the last quarter. Fifth Third Bancorp purchased a new stake in shares of Red Cat during the 1st quarter worth about $33,000. Montag A & Associates Inc. increased its position in Red Cat by 552.0% during the 3rd quarter. Montag A & Associates Inc. now owns 3,260 shares of the company’s stock worth $34,000 after purchasing an additional 2,760 shares in the last quarter. California State Teachers Retirement System purchased a new position in Red Cat in the second quarter valued at approximately $34,000. Finally, NFSG Corp grew its stake in Red Cat by 200.0% during the first quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $39,000 after buying an additional 2,000 shares during the period. 37.97% of the stock is owned by institutional investors and hedge funds.

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.