Red Cat (NASDAQ: RCAT) recently received a number of ratings updates from brokerages and research firms:
- 9/17/2026 – Red Cat was given a new $13.00 price target by Northland Securities.
- 9/2/2026 – Red Cat is now covered by Piper Sandler. They set a “neutral” rating and a $9.00 price target on the stock.
- 9/2/2026 – Red Cat is now covered by Piper Sandler. They set a “neutral” rating and a $9.00 price target on the stock.
- 8/31/2026 – Red Cat is now covered by Evercore Inc. They set an “outperform” rating and a $15.00 price target on the stock.
- 8/7/2026 – Red Cat had its price target lowered by Needham & Company LLC from $20.00 to $15.00. They now have a “buy” rating on the stock.
- 8/7/2026 – Red Cat had its “buy” rating reaffirmed by HC Wainwright. They now have a $20.00 price target on the stock.
Insider Activity
In related news, CEO Jeffrey Thompson sold 150,000 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $7.74, for a total transaction of $1,161,000.00. Following the sale, the chief executive officer owned 11,712,202 shares of the company’s stock, valued at $90,652,443.48. This trade represents a 1.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nicholas Liuzza, Jr. sold 55,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $10.63, for a total value of $584,650.00. Following the sale, the director owned 489,874 shares in the company, valued at approximately $5,207,360.62. This trade represents a 10.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 225,000 shares of company stock worth $1,955,850. Insiders own 12.50% of the company’s stock.
Through its Teal Drones business, Red Cat offers the Teal 2 and related Black Widow systems, compact drones designed for defense and public-safety users.
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