Redwire (NYSE:RDW) Shares Down 3.9% Following Insider Selling

Redwire Corporation (NYSE:RDW) dropped 3.9% during trading on Wednesday after an insider sold shares in the company. The company traded as low as $8.59 and last traded at $9.0150. Approximately 20,660,387 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 32,709,488 shares. The stock had previously closed at $9.38.

Specifically, Director Ae Red Holdings, Llc sold 49,985 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $10.01, for a total value of $500,349.85. Following the sale, the director owned 45,094,000 shares of the company’s stock, valued at approximately $451,390,940. This trade represents a 0.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ae Red Holdings, Llc sold 1,385,507 shares of Redwire stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $10.10, for a total value of $13,993,620.70. Following the transaction, the director directly owned 45,143,985 shares in the company, valued at approximately $455,954,248.50. This trade represents a 2.98% decrease in their position. The SEC filing for this sale provides additional information. In related news, Director Ae Red Holdings, Llc sold 11,761 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $11.18, for a total transaction of $131,487.98. Following the completion of the transaction, the director owned 46,529,492 shares in the company, valued at $520,199,720.56. This trade represents a 0.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Upgrades and Downgrades

RDW has been the subject of several research reports. Truist Financial set a $13.00 price target on Redwire in a report on Friday, January 9th. Bank of America cut their price target on shares of Redwire from $9.00 to $6.00 and set an “underperform” rating on the stock in a report on Wednesday, November 19th. Alliance Global Partners reiterated a “buy” rating on shares of Redwire in a report on Thursday, November 6th. 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, Canaccord Genuity Group cut their price target on Redwire from $17.50 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $13.75.

Redwire Stock Performance

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 has a 50-day simple moving average of $9.36 and a 200 day simple moving average of $8.83. The company has a market cap of $1.49 billion, a price-to-earnings ratio of -2.84 and a beta of 2.45.

Institutional Trading of Redwire

Several large investors have recently modified their holdings of RDW. Farther Finance Advisors LLC increased its stake in shares of Redwire by 4.4% in the 4th quarter. Farther Finance Advisors LLC now owns 20,897 shares of the company’s stock valued at $159,000 after buying an additional 877 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Redwire by 32.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,279 shares of the company’s stock worth $102,000 after purchasing an additional 1,533 shares in the last quarter. Vontobel Holding Ltd. raised its stake in Redwire by 10.4% in the second quarter. Vontobel Holding Ltd. now owns 18,507 shares of the company’s stock valued at $302,000 after buying an additional 1,751 shares during the period. Jones Financial Companies Lllp boosted its stake in Redwire by 24.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 12,617 shares of the company’s stock valued at $111,000 after purchasing an additional 2,442 shares during the period. Finally, Huntleigh Advisors Inc. lifted its position in Redwire by 4.2% during the third quarter. Huntleigh Advisors Inc. now owns 61,837 shares of the company’s stock worth $556,000 after purchasing an additional 2,488 shares during the period. 8.10% of the stock is currently owned by institutional investors and hedge funds.

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.