Insider Selling: Redwire (NYSE:RDW) Director Sells 3,145,207 Shares of Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 3,145,207 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $10.57, for a total value of $33,244,837.99. Following the completion of the sale, the director owned 26,273,144 shares in the company, valued at approximately $277,707,132.08. This represents a 10.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Friday, April 17th, Ae Red Holdings, Llc sold 2,034,536 shares of Redwire stock. The stock was sold at an average price of $10.77, for a total value of $21,911,952.72.
• On Wednesday, April 15th, Ae Red Holdings, Llc sold 692,936 shares of Redwire stock. The shares were sold at an average price of $9.70, for a total value of $6,721,479.20.
• On Tuesday, April 14th, Ae Red Holdings, Llc sold 1,202,375 shares of Redwire stock. The shares were sold at an average price of $9.92, for a total value of $11,927,560.00.
• On Monday, April 13th, Ae Red Holdings, Llc sold 790,393 shares of Redwire stock. The stock was sold at an average price of $9.78, for a total value of $7,730,043.54.
• On Friday, April 10th, Ae Red Holdings, Llc sold 581,018 shares of Redwire stock. The shares were sold at an average price of $9.31, for a total value of $5,409,277.58.
• On Thursday, April 9th, Ae Red Holdings, Llc sold 542,368 shares of Redwire stock. The shares were sold at an average price of $9.37, for a total value of $5,081,988.16.
• On Wednesday, April 8th, Ae Red Holdings, Llc sold 407,776 shares of Redwire stock. The shares were sold at an average price of $10.17, for a total transaction of $4,147,081.92.
• On Wednesday, March 25th, Ae Red Holdings, Llc sold 2,500,000 shares of Redwire stock. The stock was sold at an average price of $9.45, for a total transaction of $23,625,000.00.
• On Tuesday, March 24th, Ae Red Holdings, Llc sold 7,500,000 shares of Redwire stock. The stock was sold at an average price of $9.15, for a total transaction of $68,625,000.00.
• On Wednesday, March 18th, Ae Red Holdings, Llc sold 81,319 shares of Redwire stock. The shares were sold at an average price of $10.01, for a total transaction of $814,003.19.

Redwire Price Performance

NYSE:RDW traded down $0.15 on Monday, reaching $10.19. The stock had a trading volume of 21,786,615 shares, compared to its average volume of 23,640,732. The company has a quick ratio of 1.27, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1.96 billion, a P/E ratio of -4.30 and a beta of 2.49. Redwire Corporation has a 1-year low of $4.87 and a 1-year high of $22.25. The stock has a fifty day moving average price of $9.16 and a 200-day moving average price of $8.63.

Redwire (NYSE:RDW) last posted its quarterly earnings data on Wednesday, February 25th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.19). Redwire had a negative return on equity of 13.04% and a negative net margin of 67.55%.The firm had revenue of $108.79 million for the quarter, compared to analyst estimates of $98.78 million. Research analysts forecast that Redwire Corporation will post -0.44 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. AE Industrial Partners LP lifted its holdings in Redwire by 7.1% during the 3rd quarter. AE Industrial Partners LP now owns 91,598,704 shares of the company’s stock worth $823,472,000 after buying an additional 6,101,959 shares in the last quarter. State Street Corp increased its stake in shares of Redwire by 61.1% in the 4th quarter. State Street Corp now owns 4,708,600 shares of the company’s stock valued at $35,785,000 after buying an additional 1,786,038 shares during the period. Vanguard Group Inc. raised its position in shares of Redwire by 2.9% during the third quarter. Vanguard Group Inc. now owns 3,242,848 shares of the company’s stock worth $29,153,000 after acquiring an additional 91,045 shares during the last quarter. Voya Investment Management LLC bought a new stake in shares of Redwire during the third quarter worth $20,372,000. Finally, UBS Group AG lifted its stake in shares of Redwire by 140.8% during the fourth quarter. UBS Group AG now owns 2,039,902 shares of the company’s stock valued at $15,503,000 after acquiring an additional 1,192,885 shares during the period. Institutional investors own 8.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on RDW. Roth Mkm reiterated a “buy” rating and issued a $20.00 price objective on shares of Redwire in a research report on Wednesday, January 28th. Canaccord Genuity Group increased their target price on Redwire from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Jefferies Financial Group lowered their target price on Redwire from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, March 6th. Zacks Research raised Redwire from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Redwire in a research report on Thursday, January 22nd. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Redwire presently has an average rating of “Moderate Buy” and an average price target of $13.89.

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.