Redwire (NYSE:RDW) Stock Price Down 3.9% After Insider Selling

Redwire Corporation (NYSE:RDW) shares dropped 3.9% during trading on Wednesday following insider selling activity. The stock traded as low as $8.59 and last traded at $9.0150. Approximately 20,660,387 shares traded hands during trading, a decline of 37% from the average daily volume of 32,709,488 shares. The stock had previously closed at $9.38.

Specifically, Director Ae Red Holdings, Llc sold 49,985 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $10.01, for a total value of $500,349.85. Following the completion of the sale, the director directly owned 45,094,000 shares of the company’s stock, valued at $451,390,940. The trade was a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ae Red Holdings, Llc sold 1,385,507 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $10.10, for a total transaction of $13,993,620.70. Following the completion of the transaction, the director owned 45,143,985 shares in the company, valued at $455,954,248.50. This represents a 2.98% decrease in their position. The disclosure for this sale is available in the SEC filing. In other Redwire news, Director Ae Red Holdings, Llc sold 11,761 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $11.18, for a total value of $131,487.98. Following the completion of the sale, the director owned 46,529,492 shares in the company, valued at approximately $520,199,720.56. This trade represents a 0.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Analyst Ratings Changes

A number of research analysts have recently commented on RDW shares. iA Financial set a $9.00 target price on Redwire in a research note on Thursday, November 6th. Zacks Research upgraded shares of Redwire from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Redwire in a research note on Thursday, January 22nd. Bank of America dropped their price target on Redwire from $9.00 to $6.00 and set an “underperform” rating on the stock in a research note on Wednesday, November 19th. Finally, Canaccord Genuity Group reduced their target price on shares of Redwire from $17.50 to $11.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $13.75.

Redwire Stock Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.05. The company has a market capitalization of $1.49 billion, a P/E ratio of -2.84 and a beta of 2.45. The business has a 50-day moving average of $9.29 and a 200-day moving average of $8.83.

Institutional Investors Weigh In On Redwire

A number of institutional investors and hedge funds have recently modified their holdings of the business. AQR Capital Management LLC boosted its position in Redwire by 125.0% in the 1st quarter. AQR Capital Management LLC now owns 51,437 shares of the company’s stock valued at $426,000 after buying an additional 28,576 shares during the period. Goldman Sachs Group Inc. increased its stake in Redwire by 352.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 355,265 shares of the company’s stock valued at $2,945,000 after purchasing an additional 276,814 shares in the last quarter. Strs Ohio acquired a new position in shares of Redwire in the first quarter valued at about $69,000. KLP Kapitalforvaltning AS raised its stake in shares of Redwire by 149.0% in the second quarter. KLP Kapitalforvaltning AS now owns 12,700 shares of the company’s stock worth $207,000 after purchasing an additional 7,600 shares during the last quarter. Finally, Vontobel Holding Ltd. raised its stake in shares of Redwire by 10.4% in the second quarter. Vontobel Holding Ltd. now owns 18,507 shares of the company’s stock worth $302,000 after purchasing an additional 1,751 shares during the last quarter. 8.10% of the stock is owned by institutional investors.

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.