Insider Selling: Redwire (NYSE:RDW) Director Sells $21,911,952.72 in Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 2,034,536 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $10.77, for a total value of $21,911,952.72. Following the completion of the sale, the director directly owned 24,238,608 shares in the company, valued at approximately $261,049,808.16. The trade was a 7.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, April 16th, Ae Red Holdings, Llc sold 3,145,207 shares of Redwire stock. The stock was sold at an average price of $10.57, for a total value of $33,244,837.99.
• On Wednesday, April 15th, Ae Red Holdings, Llc sold 692,936 shares of Redwire stock. The stock was sold at an average price of $9.70, for a total transaction of $6,721,479.20.
• On Tuesday, April 14th, Ae Red Holdings, Llc sold 1,202,375 shares of Redwire stock. The shares were sold at an average price of $9.92, for a total transaction of $11,927,560.00.
• On Monday, April 13th, Ae Red Holdings, Llc sold 790,393 shares of Redwire stock. The shares were sold at an average price of $9.78, for a total transaction of $7,730,043.54.
• On Friday, April 10th, Ae Red Holdings, Llc sold 581,018 shares of Redwire stock. The stock was sold at an average price of $9.31, for a total transaction of $5,409,277.58.
• On Thursday, April 9th, Ae Red Holdings, Llc sold 542,368 shares of Redwire stock. The stock was sold at an average price of $9.37, for a total transaction of $5,081,988.16.
• On Wednesday, April 8th, Ae Red Holdings, Llc sold 407,776 shares of Redwire stock. The shares were sold at an average price of $10.17, for a total transaction of $4,147,081.92.
• On Wednesday, March 25th, Ae Red Holdings, Llc sold 2,500,000 shares of Redwire stock. The stock was sold at an average price of $9.45, for a total transaction of $23,625,000.00.
• On Tuesday, March 24th, Ae Red Holdings, Llc sold 7,500,000 shares of Redwire stock. The stock was sold at an average price of $9.15, for a total transaction of $68,625,000.00.
• On Wednesday, March 18th, Ae Red Holdings, Llc sold 81,319 shares of Redwire stock. The shares were sold at an average price of $10.01, for a total value of $814,003.19.

Redwire Price Performance

NYSE RDW traded down $0.15 during trading hours on Monday, reaching $10.19. 21,786,615 shares of the stock traded hands, compared to its average volume of 23,640,732. 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 50 day simple moving average of $9.16 and a two-hundred day simple moving average of $8.63. Redwire Corporation has a 1 year low of $4.87 and a 1 year high of $22.25. The company has a market cap of $1.96 billion, a price-to-earnings ratio of -4.30 and a beta of 2.49.

Redwire (NYSE:RDW) last posted its quarterly earnings data on Wednesday, February 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.19). The firm had revenue of $108.79 million during the quarter, compared to analysts’ expectations of $98.78 million. Redwire had a negative return on equity of 13.04% and a negative net margin of 67.55%. On average, analysts predict that Redwire Corporation will post -0.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on RDW. Truist Financial raised shares of Redwire from a “hold” rating to a “buy” rating and lifted their price target for the stock from $13.00 to $15.00 in a research note on Monday, March 9th. Roth Mkm reaffirmed a “buy” rating and set a $20.00 target price on shares of Redwire in a report on Wednesday, January 28th. HC Wainwright reiterated a “buy” rating and issued a $22.00 target price on shares of Redwire in a research report on Tuesday, December 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Redwire in a research note on Thursday, January 22nd. Finally, Canaccord Genuity Group upped their price target on shares of Redwire from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.89.

Institutional Trading of Redwire

Several hedge funds and other institutional investors have recently bought and sold shares of RDW. AQR Capital Management LLC boosted its stake in shares of Redwire by 125.0% during the first quarter. AQR Capital Management LLC now owns 51,437 shares of the company’s stock valued at $426,000 after purchasing an additional 28,576 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Redwire by 352.8% in the first quarter. Goldman Sachs Group Inc. now owns 355,265 shares of the company’s stock worth $2,945,000 after buying an additional 276,814 shares during the period. Strs Ohio bought a new stake in Redwire during the 1st quarter valued at $69,000. Rhumbline Advisers raised its holdings in Redwire by 61.0% during the 2nd quarter. Rhumbline Advisers now owns 56,517 shares of the company’s stock valued at $921,000 after buying an additional 21,417 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Redwire by 57.6% during the 2nd quarter. Invesco Ltd. now owns 21,198 shares of the company’s stock valued at $346,000 after buying an additional 7,750 shares during the period. 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.