Insider Selling: Redwire (NYSE:RDW) Director Sells $814,003.19 in Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 81,319 shares of the stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $10.01, for a total transaction of $814,003.19. Following the completion of the sale, the director directly owned 43,662,407 shares of the company’s stock, valued at approximately $437,060,694.07. This trade represents a 0.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, March 17th, Ae Red Holdings, Llc sold 996,927 shares of Redwire stock. The stock was 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 stock was sold at an average price of $10.06, for a total transaction of $976,483.96.
• On Friday, March 13th, Ae Red Holdings, Llc sold 11,615 shares of Redwire stock. The shares were sold at an average price of $10.01, for a total transaction 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 value 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 value of $14,590,841.12.
• On Friday, January 30th, Ae Red Holdings, Llc sold 1,550,179 shares of Redwire stock. The shares were sold at an average price of $12.65, for a total value of $19,609,764.35.
• 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 value of $50,338,380.80.

Redwire Stock Down 4.3%

Shares of RDW stock opened at $9.22 on Friday. Redwire Corporation has a one year low of $4.87 and a one year high of $22.25. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 1.27. The stock has a fifty day moving average price of $9.90 and a 200 day moving average price of $8.51. The stock has a market cap of $1.52 billion, a P/E ratio of -3.89 and a beta of 2.50.

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

Institutional Trading of Redwire

Several large investors have recently made changes to their positions in the business. AE Industrial Partners LP raised its holdings in shares of Redwire by 139.3% in the second quarter. AE Industrial Partners LP now owns 85,496,745 shares of the company’s stock valued at $1,394,000 after buying an additional 49,765,262 shares during the last quarter. Voya Investment Management LLC bought a new stake in Redwire during the 3rd quarter worth about $20,372,000. Hood River Capital Management LLC bought a new stake in Redwire during the 2nd quarter worth about $36,206,000. Cooper Creek Partners Management LLC acquired a new stake in Redwire in the 2nd quarter valued at about $32,652,000. Finally, State Street Corp raised 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 during the last quarter. Institutional investors own 8.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on RDW shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Redwire in a research note on Thursday, January 22nd. Canaccord Genuity Group upped their price objective on Redwire from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Cantor Fitzgerald dropped their target price on Redwire from $20.00 to $9.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Jefferies Financial Group cut their target price on Redwire from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, March 6th. Finally, Zacks Research raised Redwire from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 11th. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $13.89.

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.