Redwire (NYSE:RDW) Director Sells $13,993,620.70 in Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 1,385,507 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $10.10, for a total transaction of $13,993,620.70. Following the completion of the transaction, the director directly owned 45,143,985 shares in the company, valued at $455,954,248.50. This trade represents a 2.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Tuesday, February 10th, Ae Red Holdings, Llc sold 49,985 shares of Redwire stock. The stock was sold at an average price of $10.01, for a total transaction of $500,349.85.
• On Wednesday, February 4th, Ae Red Holdings, Llc sold 11,761 shares of Redwire stock. The shares were sold at an average price of $11.18, for a total transaction of $131,487.98.
• On Tuesday, February 3rd, Ae Red Holdings, Llc sold 3,357,142 shares of Redwire stock. The shares were sold at an average price of $11.18, for a total value of $37,532,847.56.
• On Monday, February 2nd, Ae Red Holdings, Llc sold 1,312,126 shares of Redwire stock. The stock was sold at an average price of $11.12, for a total value of $14,590,841.12.
• On Friday, January 30th, Ae Red Holdings, Llc sold 1,550,179 shares of Redwire stock. The shares were sold at an average price of $12.65, for a total value of $19,609,764.35.
• On Thursday, January 29th, Ae Red Holdings, Llc sold 3,932,686 shares of Redwire stock. The shares were sold at an average price of $12.80, for a total value of $50,338,380.80.
• On Wednesday, January 28th, Ae Red Holdings, Llc sold 4,847,867 shares of Redwire stock. The stock was sold at an average price of $13.29, for a total value of $64,428,152.43.
• 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 value of $133,021,738.33.
• On Tuesday, January 13th, Ae Red Holdings, Llc sold 1,662,484 shares of Redwire stock. The stock was sold at an average price of $10.34, for a total transaction of $17,190,084.56.
• On Monday, January 12th, Ae Red Holdings, Llc sold 2,871,715 shares of Redwire stock. The shares were sold at an average price of $10.77, for a total transaction of $30,928,370.55.

Redwire Price Performance

Shares of NYSE:RDW traded down $0.37 on Wednesday, reaching $9.02. The company’s stock had a trading volume of 20,641,343 shares, compared to its average volume of 32,663,553. The company has a 50-day simple moving average of $9.29 and a 200 day simple moving average of $8.83. Redwire Corporation has a 52-week low of $4.87 and a 52-week high of $26.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.05 and a current ratio of 1.41. The company has a market cap of $1.49 billion, a P/E ratio of -2.84 and a beta of 2.45.

Wall Street Analysts Forecast Growth

RDW has been the subject of a number of recent research reports. Canaccord Genuity Group dropped their target price on Redwire from $17.50 to $11.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Truist Financial set a $13.00 price objective on shares of Redwire in a research note on Friday, January 9th. KeyCorp began coverage on Redwire in a research note on Thursday, December 18th. They set a “sector weight” rating on the stock. Alliance Global Partners reissued a “buy” rating on shares of Redwire in a research note on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Redwire in a research report on Thursday, January 22nd. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $13.75.

Hedge Funds Weigh In On Redwire

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC boosted its stake in Redwire by 1,725.0% in the 4th quarter. CWM LLC now owns 4,088 shares of the company’s stock worth $31,000 after purchasing an additional 3,864 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of Redwire during the third quarter valued at $41,000. Russell Investments Group Ltd. increased 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 valued at $44,000 after acquiring an additional 3,672 shares during the period. Tower Research Capital LLC TRC raised its stake in Redwire by 32.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,279 shares of the company’s stock worth $102,000 after acquiring an additional 1,533 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in Redwire by 440.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 6,620 shares of the company’s stock worth $60,000 after acquiring an additional 5,395 shares during the period. Hedge funds and other institutional investors own 8.10% of the company’s stock.

About Redwire

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.