Insider Selling: Redwire (NYSE:RDW) Director Sells $30,928,370.55 in Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 2,871,715 shares of the stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $10.77, for a total value of $30,928,370.55. Following the sale, the director owned 75,860,420 shares of the company’s stock, valued at $817,016,723.40. This represents a 3.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Ae Red Holdings, Llc also recently made the following trade(s):

• On Wednesday, January 14th, Ae Red Holdings, Llc sold 12,656,683 shares of Redwire stock. The shares were sold at an average price of $10.51, for a total transaction of $133,021,738.33.
• On Tuesday, January 13th, Ae Red Holdings, Llc sold 1,662,484 shares of Redwire stock. The shares were sold at an average price of $10.34, for a total transaction of $17,190,084.56.
• On Friday, January 9th, Ae Red Holdings, Llc sold 2,255,356 shares of Redwire stock. The stock was sold at an average price of $10.83, for a total value of $24,425,505.48.
• On Thursday, January 8th, Ae Red Holdings, Llc sold 1,772,193 shares of Redwire stock. The shares were sold at an average price of $10.27, for a total value of $18,200,422.11.
• On Wednesday, January 7th, Ae Red Holdings, Llc sold 872,599 shares of Redwire stock. The shares were sold at an average price of $10.08, for a total value of $8,795,797.92.
• On Tuesday, January 6th, Ae Red Holdings, Llc sold 1,862,063 shares of Redwire stock. The shares were sold at an average price of $10.44, for a total value of $19,439,937.72.

Redwire Price Performance

Redwire stock opened at $10.89 on Friday. Redwire Corporation has a 52-week low of $4.87 and a 52-week high of $26.66. The company has a market cap of $1.80 billion, a price-to-earnings ratio of -3.44 and a beta of 2.44. The firm’s fifty day moving average is $7.25 and its 200 day moving average is $9.61. The company has a quick ratio of 1.05, a current ratio of 1.41 and a debt-to-equity ratio of 0.20.

Redwire (NYSE:RDW) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.15). The company had revenue of $103.43 million for the quarter, compared to analysts’ expectations of $132.05 million. Redwire had a negative net margin of 70.32% and a negative return on equity of 16.24%. Sell-side analysts forecast that Redwire Corporation will post -0.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RDW. Weiss Ratings restated a “sell (d-)” rating on shares of Redwire in a research report on Wednesday, October 8th. Bank of America cut their price objective on Redwire from $9.00 to $6.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 19th. Canaccord Genuity Group decreased their target price on Redwire from $17.50 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Alliance Global Partners restated a “buy” rating on shares of Redwire in a report on Thursday, November 6th. Finally, Industrial Alliance Securities set a $9.00 price objective on shares of Redwire in a report on Thursday, November 6th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $13.13.

Institutional Trading of Redwire

Several institutional investors and hedge funds have recently made changes to their positions in the company. Abich Financial Wealth Management LLC bought a new position in Redwire during the 3rd quarter worth about $41,000. Russell Investments Group Ltd. lifted its position in shares of Redwire by 308.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,862 shares of the company’s stock worth $44,000 after purchasing an additional 3,672 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Redwire during the second quarter valued at approximately $54,000. Caitong International Asset Management Co. Ltd increased its holdings in Redwire by 440.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 6,620 shares of the company’s stock valued at $60,000 after buying an additional 5,395 shares during the period. Finally, Strs Ohio purchased a new position in Redwire during the first quarter valued at approximately $69,000. 8.10% of the stock is currently owned by institutional investors.

Redwire Company Profile

Redwire Corporation is a space infrastructure company specializing in the design, engineering and manufacturing of mission-critical hardware and software for the spaceflight industry. The company’s offerings include deployable structures, solar power systems, radio frequency antennas, advanced composites and transparent optics. Redwire serves a broad customer base that spans civil space agencies, national defense organizations and commercial satellite operators, helping enable missions ranging from communications and Earth observation to deep-space exploration.

Formed through the strategic combination of several specialized space technology firms, Redwire’s portfolio encompasses both flight-proven hardware and cutting-edge in-space manufacturing capabilities.