Insider Selling: Redwire Co. (NYSE:RDW) Major Shareholder Sells $1,296,228.50 in Stock

Redwire Co. (NYSE:RDW) major shareholder Park Lp Genesis II sold 72,415 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $17.90, for a total value of $1,296,228.50. Following the transaction, the insider now directly owns 4,422,853 shares of the company’s stock, valued at approximately $79,169,068.70. The trade was a 1.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares 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 value of $1,802,000.00.
• 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 value 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 Down 3.5 %

RDW opened at $16.22 on Friday. The firm has a market capitalization of $1.08 billion, a P/E ratio of -13.40 and a beta of 2.17. The stock has a fifty day moving average of $12.85 and a 200-day moving average of $9.01. Redwire Co. has a 12-month low of $2.68 and a 12-month high of $18.54.

Institutional Investors Weigh In On Redwire

Hedge funds have recently bought and sold shares of the business. Vontobel Holding Ltd. purchased a new position in Redwire during the 3rd quarter valued at about $74,000. The Manufacturers Life Insurance Company purchased a new position in Redwire during the second quarter valued at approximately $74,000. AQR Capital Management LLC acquired a new position in Redwire in the 2nd quarter valued at approximately $89,000. MetLife Investment Management LLC lifted its position in Redwire by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 14,058 shares of the company’s stock worth $97,000 after buying an additional 7,921 shares in the last quarter. Finally, Stifel Financial Corp acquired a new stake in shares of Redwire during the 3rd quarter valued at $139,000. 8.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RDW. B. Riley downgraded shares of Redwire from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $8.00 to $9.50 in a report on Tuesday, October 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $6.00 price objective on shares of Redwire in a research report on Monday, September 30th. Roth Mkm lifted 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, HC Wainwright reaffirmed a “buy” rating and set a $18.00 target price on shares of Redwire in a report on Wednesday, December 11th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $10.13.

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.