Redwire (NYSE:RDW) Director Ae Red Holdings, Llc Sells 3,357,142 Shares

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 3,357,142 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $11.18, for a total transaction of $37,532,847.56. Following the sale, the director directly owned 46,541,253 shares in the company, valued at approximately $520,331,208.54. The trade was a 6.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 transaction of $131,487.98.
• On Monday, February 2nd, Ae Red Holdings, Llc sold 1,312,126 shares of Redwire stock. The shares were 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 stock was sold at an average price of $12.65, for a total transaction 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 transaction 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 transaction 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 stock was 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 shares were sold at an average price of $10.83, for a total value 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.

Redwire Stock Performance

Shares of Redwire stock traded down $1.25 during trading hours on Thursday, reaching $8.79. 27,461,574 shares of the stock traded hands, compared to its average volume of 34,500,988. The company has a 50 day moving average price of $8.95 and a 200 day moving average price of $9.08. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of -2.77 and a beta of 2.45. Redwire Corporation has a one year low of $4.87 and a one year high of $26.66. The company has a quick ratio of 1.05, a current ratio of 1.41 and a debt-to-equity ratio of 0.20.

Redwire (NYSE:RDW) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.15). The business had revenue of $103.43 million during the quarter, compared to the consensus estimate of $132.05 million. Redwire had a negative return on equity of 16.24% and a negative net margin of 70.32%. On average, equities research analysts expect that Redwire Corporation will post -0.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Bank of America dropped their price target on shares of Redwire from $9.00 to $6.00 and set an “underperform” rating on the stock in a research note on Wednesday, November 19th. KeyCorp began coverage on Redwire in a report on Thursday, December 18th. They issued a “sector weight” rating on the stock. Alliance Global Partners reissued a “buy” rating on shares of Redwire in a report on Thursday, November 6th. Cantor Fitzgerald reduced their price target on Redwire from $20.00 to $9.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. Finally, Industrial Alliance Securities set a $9.00 price objective on 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $13.75.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RDW. CWM LLC grew its holdings in Redwire by 1,725.0% during the 4th quarter. CWM LLC now owns 4,088 shares of the company’s stock valued at $31,000 after buying an additional 3,864 shares in the last quarter. Abich Financial Wealth Management LLC bought a new position in shares of Redwire during the 3rd quarter valued at approximately $41,000. Russell Investments Group Ltd. grew its holdings in shares of Redwire by 308.6% in the third quarter. Russell Investments Group Ltd. now owns 4,862 shares of the company’s stock valued at $44,000 after purchasing an additional 3,672 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Redwire in the second quarter worth $54,000. Finally, Caitong International Asset Management Co. Ltd increased its position in Redwire by 440.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 6,620 shares of the company’s stock worth $60,000 after purchasing an additional 5,395 shares during the last quarter. 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.