Insider Selling: Redwire (NYSE:RDW) Director Sells $64,428,152.43 in Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 4,847,867 shares of the business’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $13.29, for a total value of $64,428,152.43. Following the sale, the director directly owned 56,693,386 shares of the company’s stock, valued at approximately $753,455,099.94. This trade represents a 7.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• 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 transaction of $50,338,380.80.
• 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 value 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 value of $30,928,370.55.
• 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 transaction 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 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 Stock Performance

Shares of NYSE RDW opened at $11.73 on Monday. 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 firm’s 50-day moving average price is $8.63 and its two-hundred day moving average price is $9.19. Redwire Corporation has a 52-week low of $4.87 and a 52-week high of $26.66. The stock has a market capitalization of $1.94 billion, a P/E ratio of -3.70 and a beta of 2.44.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on RDW. Weiss Ratings restated a “sell (d-)” rating on shares of Redwire in a research report on Thursday, January 22nd. Zacks Research upgraded shares of Redwire from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Roth Mkm reiterated a “buy” rating and set a $20.00 price objective on shares of Redwire in a research report on Wednesday. Truist Financial set a $13.00 price objective on Redwire in a report on Friday, January 9th. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Redwire in a research note on Thursday, November 6th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.75.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. AE Industrial Partners LP grew its holdings in shares of Redwire by 7.1% during the third quarter. AE Industrial Partners LP now owns 91,598,704 shares of the company’s stock valued at $823,472,000 after buying an additional 6,101,959 shares in the last quarter. Vanguard Group Inc. boosted its position in Redwire by 2.9% during the 3rd 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 period. Voya Investment Management LLC purchased a new position in Redwire during the 3rd quarter valued at about $20,372,000. Hood River Capital Management LLC acquired a new position in shares of Redwire in the 2nd quarter valued at about $36,206,000. Finally, UBS Group AG increased its holdings in shares of Redwire by 140.8% in the 4th quarter. UBS Group AG now owns 2,039,902 shares of the company’s stock valued at $15,503,000 after purchasing an additional 1,192,885 shares during the period. 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.