Red Cat (RCAT) Insider Funk Paul II Sells $1.9M of Stock

Funk Paul II sold 165,028 shares of Red Cat Holdings, Inc. (NasdaqCM: RCAT) on June 11, 2026. The shares were sold at an average price of $11.50 each, totaling about $1.9 million. This transaction was not part of a pre-arranged trading plan.

Insider Buying and Selling at Red Cat Holdings, Inc.

On June 11, 2026, Funk Paul II sold 165,028 shares of Red Cat Holdings at $11.50 per share, amounting to a total of $1,897,822. This was not a planned sale. Additionally, Jeffrey Thompson, the company's Chairman of the Board and CEO, has been active, buying and selling shares on April 6, 2026, with several transactions including a purchase of 1,040,000 shares.

Other Institutional Activity in Red Cat Holdings, Inc.

Several institutional investors have also been active in Red Cat Holdings. BlackRock, Inc. increased its holdings by 2,784,201 shares, ending with 11,676,984 shares valued at approximately $152.9 million. State Street Corp added 550,754 shares, bringing its total to 7,162,907 shares worth about $93.8 million. Vanguard Capital Management LLC and Hood River Capital Management LLC both added significant positions, with 4,532,608 and 3,033,005 shares, respectively. Geode Capital Management, LLC increased its stake by 76,207 shares, totaling 2,596,731 shares valued at $34.0 million.

Red Cat Holdings, Inc. Stock Up 136.4%

Shares of Red Cat Holdings, Inc. traded near $11.18. The company has a market capitalization of approximately $1.68 billion, with a forward P/E ratio that isn't meaningful due to its lack of profitability. With a beta of 1.242, the stock has seen a 52-week low of $5.77 and a high of $18.78. The 50-day moving average is $11.74, while the 200-day moving average is $11.41. Red Cat has a strong current ratio of 10.99 and a quick ratio of 7.47, although it carries a debt-to-equity ratio of 5.78.

Analysts Set New Price Targets

On June 1, 2026, Roth Capital initiated coverage on Red Cat Holdings with a buy rating and a $25.00 price target. Earlier, on May 27, 2026, HC Wainwright & Co. also initiated coverage with a buy rating and a $20.00 target. The consensus among analysts is a strong buy, with an average price target of $22.00 based on six opinions.

About Red Cat Holdings, Inc.

Red Cat Holdings, Inc., based in South Salt Lake, Utah, operates in the aerospace and defense sector. The company provides innovative drone and robotic solutions for defense, national security, and commercial use. It designs and manufactures small unmanned aircraft systems, including the BLACK WIDOW and TEAL 2, which are used in various applications like reconnaissance and inspection. Led by CEO Jeffrey M. Thompson, Red Cat Holdings employs 244 people.

Bottom Line

Funk Paul II's recent sale of Red Cat Holdings shares highlights ongoing insider activity. Investors often track such insider transactions to gain insights into company leadership's confidence in the business. Red Cat Holdings continues to attract attention from institutional investors and analysts alike, with a strong buy consensus and a mean price target of $22.00. As always, it's important to remember that insider transactions and analyst ratings provide a snapshot of past actions and opinions, not current or future positions.