Rockefeller Capital Management L.P. Makes New $546,000 Investment in Red Cat Holdings, Inc. $RCAT

Key Points

• Rockefeller Capital Management L.P. opened a new position in Red Cat, acquiring 75,043 shares valued at about $546,000, roughly 0.08% of the company.
• Insider activity shows selling pressure: Director Christopher R. Moe sold 10,000 shares for $109,100 on Sept. 29, and insiders have sold a total of 60,000 shares in the past three months, with insiders owning 15.30% of the stock.
• Red Cat recently missed Q earnings (EPS -$0.16 vs. -$0.07 expected) though revenue beat $9.65M; shares trade around $7.33 while analysts maintain a MarketBeat consensus "Buy" with a $14 average price target.

Rockefeller Capital Management L.P. acquired a new position in shares of Red Cat Holdings, Inc. (NASDAQ:RCAT - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 75,043 shares of the company's stock, valued at approximately $546,000. Rockefeller Capital Management L.P. owned approximately 0.08% of Red Cat as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of America Corp DE lifted its stake in Red Cat by 407.0% during the fourth quarter. Bank of America Corp DE now owns 3,397 shares of the company's stock worth $44,000 after purchasing an additional 2,727 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Red Cat by 28,681.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 6,044 shares of the company's stock worth $44,000 after purchasing an additional 6,023 shares in the last quarter. AlphaQuest LLC purchased a new stake in shares of Red Cat during the 2nd quarter worth approximately $67,000. Ring Mountain Capital LLC purchased a new stake in shares of Red Cat during the 2nd quarter worth approximately $78,000. Finally, Cetera Investment Advisers acquired a new position in shares of Red Cat in the 2nd quarter valued at $97,000. Institutional investors and hedge funds own 37.97% of the company's stock.

Insider Activity at Red Cat

In related news, Director Christopher R. Moe sold 10,000 shares of the stock in a transaction on Monday, September 29th. The stock was sold at an average price of $10.91, for a total transaction of $109,100.00. Following the completion of the sale, the director directly owned 53,073 shares of the company's stock, valued at $579,026.43. This trade represents a 15.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 60,000 shares of company stock worth $611,000 in the last three months. 15.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Wall Street Zen lowered shares of Red Cat from a "hold" rating to a "sell" rating in a research note on Saturday, October 4th. LADENBURG THALM/SH SH upgraded Red Cat to a "strong-buy" rating in a research report on Thursday, October 2nd. Weiss Ratings reissued a "sell (d-)" rating on shares of Red Cat in a report on Wednesday, October 8th. Northland Securities set a $16.00 target price on Red Cat in a research report on Friday, August 15th. Finally, Needham & Company LLC cut their price target on Red Cat from $17.00 to $12.00 and set a "buy" rating on the stock in a research report on Friday, November 14th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $14.00.

Red Cat Stock Performance

Shares of NASDAQ:RCAT opened at $7.33 on Friday. Red Cat Holdings, Inc. has a one year low of $4.58 and a one year high of $16.70. The stock has a market capitalization of $874.98 million, a price-to-earnings ratio of -16.66 and a beta of 1.45. The company has a 50-day simple moving average of $10.42 and a 200-day simple moving average of $9.09.

Red Cat (NASDAQ:RCAT - Get Free Report) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.09). The company had revenue of $9.65 million during the quarter, compared to analysts' expectations of $8.18 million. Red Cat has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts forecast that Red Cat Holdings, Inc. will post -0.5 EPS for the current fiscal year.

Red Cat Profile

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.

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