Redwire (NYSE:RDW) Director Ae Red Holdings, Llc Sells 1,550,179 Shares of Stock

Redwire Corporation (NYSE:RDWGet Free Report) Director Ae Red Holdings, Llc sold 1,550,179 shares of Redwire stock in a transaction on Friday, January 30th. The shares were sold at an average price of $12.65, for a total value of $19,609,764.35. Following the completion of the sale, the director directly owned 51,210,521 shares of the company’s stock, valued at $647,813,090.65. The trade was a 2.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • 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 value of $14,590,841.12.
  • On Thursday, January 29th, Ae Red Holdings, Llc sold 3,932,686 shares of Redwire stock. The shares were 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 stock was 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 stock was sold at an average price of $10.51, for a total transaction of $133,021,738.33.
  • On Tuesday, January 13th, Ae Red Holdings, Llc sold 1,662,484 shares of Redwire stock. The shares were sold at an average price of $10.34, for a total transaction 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.
  • On Friday, January 9th, Ae Red Holdings, Llc sold 2,255,356 shares of Redwire stock. The stock was sold at an average price of $10.83, for a total transaction of $24,425,505.48.
  • On Thursday, January 8th, Ae Red Holdings, Llc sold 1,772,193 shares of Redwire stock. The stock was sold at an average price of $10.27, for a total transaction of $18,200,422.11.
  • On Wednesday, January 7th, Ae Red Holdings, Llc sold 872,599 shares of Redwire stock. The shares were sold at an average price of $10.08, for a total transaction of $8,795,797.92.
  • On Tuesday, January 6th, Ae Red Holdings, Llc sold 1,862,063 shares of Redwire stock. The stock was sold at an average price of $10.44, for a total transaction of $19,439,937.72.

Redwire Stock Up 3.4%

Redwire stock opened at $11.25 on Wednesday. The firm has a market capitalization of $1.86 billion, a P/E ratio of -3.55 and a beta of 2.45. The company has a current ratio of 1.41, a quick ratio of 1.05 and a debt-to-equity ratio of 0.20. Redwire Corporation has a twelve month low of $4.87 and a twelve month high of $26.66. The stock’s fifty day simple moving average is $8.86 and its 200-day simple moving average is $9.07.

Redwire (NYSE:RDWGet Free Report) last released its earnings results on Wednesday, November 5th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.15). Redwire had a negative net margin of 70.32% and a negative return on equity of 16.24%. The company had revenue of $103.43 million during the quarter, compared to analysts’ expectations of $132.05 million. As a group, equities analysts expect that Redwire Corporation will post -0.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Redwire

Institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC grew its holdings in shares of Redwire by 1,725.0% during the fourth quarter. CWM LLC now owns 4,088 shares of the company’s stock worth $31,000 after purchasing an additional 3,864 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of Redwire in the 3rd quarter valued at about $41,000. Russell Investments Group Ltd. grew its stake in Redwire by 308.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,862 shares of the company’s stock worth $44,000 after buying an additional 3,672 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in Redwire during the 2nd quarter worth approximately $54,000. Finally, Caitong International Asset Management Co. Ltd increased its position in Redwire by 440.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 6,620 shares of the company’s stock worth $60,000 after buying an additional 5,395 shares during the period. 8.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RDW has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Redwire in a research report on Thursday, January 22nd. Zacks Research upgraded shares of Redwire from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Truist Financial set a $13.00 price target on shares of Redwire in a report on Friday, January 9th. Roth Mkm reissued a “buy” rating and issued a $20.00 price objective on shares of Redwire in a research report on Wednesday, January 28th. Finally, Industrial Alliance Securities set a $9.00 price objective on shares of Redwire in a research report on Thursday, November 6th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $13.75.

View Our Latest Research Report on Redwire

Redwire Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Redwire (NYSE:RDW)

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