Insider Selling: Redwire Co. (NYSE:RDW) Major Shareholder Sells 6,683 Shares of Stock

Redwire Co. (NYSE:RDW) major shareholder Park Lp Genesis II sold 6,683 shares of Redwire stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $22.56, for a total transaction of $150,768.48. Following the completion of the sale, the insider now owns 3,704,664 shares of the company’s stock, valued at $83,577,219.84. This trade represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Tuesday, February 4th, Park Lp Genesis II sold 50,000 shares of Redwire stock. The stock was sold at an average price of $23.20, for a total transaction of $1,160,000.00.
• On Monday, January 27th, Park Lp Genesis II sold 100,000 shares of Redwire stock. The shares were sold at an average price of $22.73, for a total transaction of $2,273,000.00.
• On Thursday, January 23rd, Park Lp Genesis II sold 100,000 shares of Redwire stock. The shares were sold at an average price of $21.92, for a total transaction of $2,192,000.00.
• On Tuesday, January 21st, Park Lp Genesis II sold 150,000 shares of Redwire stock. The shares were sold at an average price of $19.61, for a total transaction of $2,941,500.00.
• 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 shares were 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 shares were 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 Performance

Shares of NYSE RDW opened at $21.92 on Wednesday. The firm has a market cap of $1.46 billion, a PE ratio of -18.12 and a beta of 2.23. The firm has a fifty day moving average of $16.94 and a 200 day moving average of $11.07. Redwire Co. has a one year low of $2.89 and a one year high of $26.66.

Institutional Investors Weigh In On Redwire

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. purchased a new stake in Redwire in the 3rd quarter worth $623,000. State Street Corp increased its holdings in Redwire by 8.1% in the 3rd quarter. State Street Corp now owns 473,295 shares of the company’s stock worth $3,252,000 after acquiring an additional 35,519 shares in the last quarter. Brookstone Capital Management purchased a new stake in shares of Redwire during the fourth quarter worth $329,000. Stifel Financial Corp purchased a new stake in shares of Redwire during the third quarter worth $139,000. Finally, Barclays PLC grew its holdings in shares of Redwire by 55.8% during the third quarter. Barclays PLC now owns 1,181,138 shares of the company’s stock worth $8,115,000 after buying an additional 422,854 shares in the last quarter. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Analyst Ratings Changes

RDW has been the subject of several analyst reports. Cantor Fitzgerald initiated coverage on shares of Redwire in a research note on Friday, January 24th. They issued an “overweight” rating and a $28.00 target price for the company. HC Wainwright boosted their target price on shares of Redwire from $18.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. B. Riley upgraded shares of Redwire from a “neutral” rating to a “buy” rating and boosted their target price for the company from $9.50 to $27.00 in a research note on Monday, January 27th. Finally, Roth Mkm boosted their target price on shares of Redwire from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $18.04.

Redwire Company Profile

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.