Insider Selling: Redwire (NYSE:RDW) Director Sells 2,500,000 Shares of Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 2,500,000 shares of Redwire stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $9.45, for a total transaction of $23,625,000.00. Following the completion of the sale, the director owned 33,635,217 shares of the company’s stock, valued at approximately $317,852,800.65. The trade was a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 value of $68,625,000.00.
• On Wednesday, March 18th, Ae Red Holdings, Llc sold 81,319 shares of Redwire stock. The stock was sold at an average price of $10.01, for a total value of $814,003.19.
• On Tuesday, March 17th, Ae Red Holdings, Llc sold 996,927 shares of Redwire stock. The shares were sold at an average price of $10.10, for a total value of $10,068,962.70.
• On Monday, March 16th, Ae Red Holdings, Llc sold 97,066 shares of Redwire stock. The shares were sold at an average price of $10.06, for a total value of $976,483.96.
• On Friday, March 13th, Ae Red Holdings, Llc sold 11,615 shares of Redwire stock. The stock was sold at an average price of $10.01, for a total value of $116,266.15.
• 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 value of $500,349.85.
• On Monday, February 9th, Ae Red Holdings, Llc sold 1,385,507 shares of Redwire stock. The shares were sold at an average price of $10.10, for a total value of $13,993,620.70.
• 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 value of $131,487.98.
• On Tuesday, February 3rd, Ae Red Holdings, Llc sold 3,357,142 shares of Redwire stock. The stock was sold at an average price of $11.18, for a total transaction 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 transaction of $14,590,841.12.

Redwire Price Performance

RDW stock opened at $8.19 on Friday. The company’s 50-day moving average price is $9.70 and its two-hundred day moving average price is $8.53. The firm has a market cap of $1.57 billion, a P/E ratio of -3.45 and a beta of 2.50. The company has a quick ratio of 1.27, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. Redwire Corporation has a 12 month low of $4.87 and a 12 month high of $22.25.

Redwire (NYSE:RDW) last issued its quarterly earnings results on Wednesday, February 25th. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.19). The firm had revenue of $108.79 million for the quarter, compared to the consensus estimate of $98.78 million. Redwire had a negative return on equity of 13.04% and a negative net margin of 67.55%. On average, analysts anticipate that Redwire Corporation will post -0.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Redwire

Large investors have recently bought and sold shares of the company. AQR Capital Management LLC grew its holdings in shares of Redwire by 125.0% during the first quarter. AQR Capital Management LLC now owns 51,437 shares of the company’s stock worth $426,000 after purchasing an additional 28,576 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Redwire by 352.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 355,265 shares of the company’s stock valued at $2,945,000 after buying an additional 276,814 shares during the last quarter. Strs Ohio bought a new position in Redwire in the 1st quarter valued at approximately $69,000. Geode Capital Management LLC boosted its position in Redwire by 77.1% during the 2nd quarter. Geode Capital Management LLC now owns 935,297 shares of the company’s stock worth $15,248,000 after buying an additional 407,131 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey boosted its position in Redwire by 71.2% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 7,724 shares of the company’s stock worth $126,000 after buying an additional 3,213 shares during the period. 8.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on RDW shares. HC Wainwright reaffirmed a “buy” rating and issued a $22.00 target price on shares of Redwire in a report on Tuesday, December 23rd. Truist Financial raised Redwire from a “hold” rating to a “buy” rating and boosted their price target for the stock from $13.00 to $15.00 in a report on Monday, March 9th. Jefferies Financial Group dropped their price objective on Redwire from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, March 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Redwire in a research note on Thursday, January 22nd. Finally, Canaccord Genuity Group lifted their target price on Redwire from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Eight equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.