Redwire (NYSE:RDW) Director Ae Red Holdings, Llc Sells 1,385,507 Shares

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 1,385,507 shares of the company’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $10.10, for a total transaction of $13,993,620.70. Following the completion of the transaction, the director owned 45,143,985 shares of the company’s stock, valued at $455,954,248.50. This trade represents a 2.98% decrease in their ownership of the stock. The sale 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, 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 transaction of $500,349.85.
• On Wednesday, February 4th, Ae Red Holdings, Llc sold 11,761 shares of Redwire stock. The stock was sold at an average price of $11.18, for a total transaction of $131,487.98.
• On Tuesday, February 3rd, Ae Red Holdings, Llc sold 3,357,142 shares of Redwire stock. The shares were 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.
• 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 stock was sold at an average price of $12.80, for a total value of $50,338,380.80.
• On Wednesday, January 28th, Ae Red Holdings, Llc sold 4,847,867 shares of Redwire stock. The shares were sold at an average price of $13.29, for a total value of $64,428,152.43.
• 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 value of $133,021,738.33.
• On Tuesday, January 13th, Ae Red Holdings, Llc sold 1,662,484 shares of Redwire stock. The stock was 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 transaction of $30,928,370.55.

Redwire Trading Down 3.9%

NYSE RDW traded down $0.37 during trading on Wednesday, hitting $9.02. The company had a trading volume of 20,641,343 shares, compared to its average volume of 32,663,553. The company’s fifty day moving average is $9.29 and its 200-day moving average is $8.83. Redwire Corporation has a one year low of $4.87 and a one year high of $26.66. The company has a current ratio of 1.41, a quick ratio of 1.05 and a debt-to-equity ratio of 0.20. The company has a market cap of $1.49 billion, a price-to-earnings ratio of -2.84 and a beta of 2.45.

Analysts Set New Price Targets

Several research analysts have issued reports on RDW shares. iA Financial set a $9.00 target price on shares of Redwire in a report on Thursday, November 6th. KeyCorp assumed coverage on shares of Redwire in a report on Thursday, December 18th. They issued a “sector weight” rating for the company. Cantor Fitzgerald lowered their price objective on Redwire from $20.00 to $9.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Bank of America dropped their price objective on Redwire from $9.00 to $6.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 19th. Finally, Canaccord Genuity Group lowered their target price on shares of Redwire from $17.50 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $13.75.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in RDW. Deutsche Bank AG raised its position in shares of Redwire by 107.2% during the 4th quarter. Deutsche Bank AG now owns 52,008 shares of the company’s stock valued at $395,000 after purchasing an additional 26,913 shares during the period. LPL Financial LLC raised its holdings in Redwire by 60.3% during the fourth quarter. LPL Financial LLC now owns 154,065 shares of the company’s stock valued at $1,171,000 after acquiring an additional 57,982 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Redwire in the fourth quarter valued at about $545,000. J.W. Cole Advisors Inc. bought a new position in shares of Redwire in the fourth quarter worth about $277,000. Finally, Dover Advisors LLC purchased a new stake in shares of Redwire during the fourth quarter worth about $370,000. 8.10% of the stock is currently owned by institutional investors.

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.