Insider Selling: Redwire Co. (NYSE:RDW) Major Shareholder Sells 150,000 Shares of Stock

Redwire Co. (NYSE:RDW) major shareholder Park Lp Genesis II sold 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $19.61, for a total value of $2,941,500.00. Following the completion of the transaction, the insider now directly owns 4,157,489 shares in the company, valued at approximately $81,528,359.29. This trade represents a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Park Lp Genesis II also recently made the following trade(s):

• On Monday, January 6th, Park Lp Genesis II sold 100,000 shares of Redwire stock. The shares were sold at an average price of $18.02, for a total transaction of $1,802,000.00.
• On Friday, January 3rd, Park Lp Genesis II sold 72,415 shares of Redwire stock. The stock was sold at an average price of $17.90, for a total transaction of $1,296,228.50.
• On Monday, December 30th, Park Lp Genesis II sold 5,371 shares of Redwire stock. The stock was sold at an average price of $18.01, for a total transaction of $96,731.71.
• On Friday, December 27th, Park Lp Genesis II sold 89,870 shares of Redwire stock. The shares were sold at an average price of $16.99, for a total transaction of $1,526,891.30.

Redwire Stock Up 1.8 %

Shares of Redwire stock opened at $22.05 on Friday. Redwire Co. has a 52 week low of $2.76 and a 52 week high of $23.35. The business has a 50 day moving average price of $14.33 and a 200-day moving average price of $9.66. The company has a market cap of $1.47 billion, a PE ratio of -18.22 and a beta of 2.17.

Analyst Ratings Changes

A number of analysts recently commented on RDW shares. B. Riley lowered Redwire from a “buy” rating to a “neutral” rating and boosted their target price for the company from $8.00 to $9.50 in a research report on Tuesday, October 29th. HC Wainwright boosted their price objective on Redwire from $18.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday. Roth Mkm increased their target price on Redwire from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $6.00 price target on shares of Redwire in a research note on Monday, September 30th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Redwire presently has an average rating of “Moderate Buy” and an average target price of $11.46.

Institutional Investors Weigh In On Redwire

A number of institutional investors and hedge funds have recently bought and sold shares of RDW. Vontobel Holding Ltd. purchased a new position in Redwire during the 3rd quarter worth $74,000. The Manufacturers Life Insurance Company bought a new position in shares of Redwire during the second quarter valued at about $74,000. AQR Capital Management LLC bought a new position in shares of Redwire during the second quarter valued at about $89,000. MetLife Investment Management LLC boosted its holdings in Redwire by 129.1% during the third quarter. MetLife Investment Management LLC now owns 14,058 shares of the company’s stock worth $97,000 after purchasing an additional 7,921 shares during the last quarter. Finally, Stifel Financial Corp bought a new stake in Redwire in the 3rd quarter worth about $139,000. 8.10% of the stock is owned by hedge funds and other institutional investors.

About Redwire

Redwire Corporation provides critical space solutions and space infrastructure for government and commercial customers in the United States, Europe, and internationally. The company provides avionics and sensors including star trackers, sun sensors, critical for navigation, and control of spacecraft; camera systems; solar array solutions for spacecraft spanning the spectrum of size, power needs, and orbital location; and strain composite booms, coilable booms, truss structures, telescope baffles, and deployable booms to position sensors or solar arrays away from the spacecraft.