Insider Selling: Redwire (NYSE:RDW) Director Sells 1,772,193 Shares of Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 1,772,193 shares of the company’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $10.27, for a total transaction of $18,200,422.11. Following the completion of the sale, the director directly owned 80,987,491 shares of the company’s stock, valued at $831,741,532.57. The trade was a 2.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, January 7th, Ae Red Holdings, Llc sold 872,599 shares of Redwire stock. The stock was sold at an average price of $10.08, for a total transaction 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 transaction of $19,439,937.72.

Redwire Price Performance

NYSE:RDW traded up $0.69 during trading hours on Friday, reaching $10.97. 25,522,013 shares of the company’s stock were exchanged, compared to its average volume of 23,990,869. The company has a quick ratio of 1.05, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1.81 billion, a P/E ratio of -3.46 and a beta of 2.44. Redwire Corporation has a 12 month low of $4.87 and a 12 month high of $26.66. The business’s 50-day simple moving average is $6.89 and its two-hundred day simple moving average is $9.80.

Redwire (NYSE:RDW) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.29) 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 analyst estimates 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 expect that Redwire Corporation will post -0.85 EPS for the current fiscal year.

Institutional Trading of Redwire

A number of institutional investors have recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new position in Redwire during the second quarter valued at approximately $54,000. Abich Financial Wealth Management LLC bought a new stake in shares of Redwire during the 3rd quarter worth $41,000. Russell Investments Group Ltd. grew its stake in 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 buying an additional 3,672 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings 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 period. 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 last quarter. Institutional investors and hedge funds own 8.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Zacks Research upgraded Redwire from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Industrial Alliance Securities set a $9.00 price target on shares of Redwire in a report on Thursday, November 6th. Truist Financial set a $13.00 price target on shares of Redwire in a research report on Friday. KeyCorp began coverage on shares of Redwire in a research report on Thursday, December 18th. They set a “sector weight” rating on the stock. Finally, HC Wainwright restated a “buy” rating and issued a $22.00 target price on shares of Redwire in a report on Tuesday, December 23rd. 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 stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $13.13.

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.