Redwire (NYSE:RDW) Director Sells $11,927,560.00 in Stock

Redwire Corporation (NYSE:RDWGet Free Report) Director Ae Red Holdings, Llc sold 1,202,375 shares of Redwire stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $9.92, for a total transaction of $11,927,560.00. Following the sale, the director directly owned 30,111,287 shares in the company, valued at approximately $298,703,967.04. The trade was a 3.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • 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 transaction of $6,721,479.20.
  • On Monday, April 13th, Ae Red Holdings, Llc sold 790,393 shares of Redwire stock. The shares were sold at an average price of $9.78, for a total transaction 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 transaction 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 transaction 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 shares were 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 shares were 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.
  • 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 transaction 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 transaction of $976,483.96.

Redwire Stock Down 7.7%

RDW stock opened at $10.36 on Friday. The firm has a market cap of $1.99 billion, a PE ratio of -4.37 and a beta of 2.49. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.62. The firm’s 50 day moving average price is $9.16 and its 200-day moving average price is $8.63. Redwire Corporation has a one year low of $4.87 and a one year high of $22.25.

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

Wall Street Analysts Forecast Growth

RDW has been the topic of a number of research analyst reports. Jefferies Financial Group cut their target price on Redwire from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. Zacks Research raised Redwire from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Redwire in a research report on Thursday, January 22nd. Truist Financial raised Redwire from a “hold” rating to a “buy” rating and boosted their target price for the company from $13.00 to $15.00 in a research report on Monday, March 9th. Finally, Roth Mkm reissued a “buy” rating and issued a $20.00 target price on shares of Redwire in a research report on Wednesday, January 28th. Eight 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 company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.89.

Check Out Our Latest Stock Report on RDW

Hedge Funds Weigh In On Redwire

Several institutional investors have recently modified their holdings of the business. AE Industrial Partners LP grew its stake in shares of Redwire by 7.1% in the third quarter. AE Industrial Partners LP now owns 91,598,704 shares of the company’s stock worth $823,472,000 after acquiring an additional 6,101,959 shares in the last quarter. State Street Corp grew its stake in shares of Redwire by 61.1% in the fourth quarter. State Street Corp now owns 4,708,600 shares of the company’s stock worth $35,785,000 after acquiring an additional 1,786,038 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Redwire by 2.9% in 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 in the last quarter. Voya Investment Management LLC acquired a new position in shares of Redwire in the third quarter worth $20,372,000. Finally, UBS Group AG grew its stake in shares of Redwire by 140.8% in the fourth quarter. UBS Group AG now owns 2,039,902 shares of the company’s stock worth $15,503,000 after acquiring an additional 1,192,885 shares in the last quarter. Institutional investors and hedge funds own 8.10% of the company’s stock.

Redwire Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Redwire (NYSE:RDW)

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