Insider Selling: Redwire Co. (NYSE:RDW) Major Shareholder Sells 5,371 Shares of Stock

Redwire Co. (NYSE:RDW) major shareholder Park Lp Genesis II sold 5,371 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $18.01, for a total transaction of $96,731.71. Following the transaction, the insider now directly owns 4,598,056 shares in the company, valued at approximately $82,810,988.56. The trade was a 0.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large 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 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 traded down $1.19 during trading hours on Tuesday, reaching $16.46. The stock had a trading volume of 1,453,041 shares, compared to its average volume of 424,221. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of -13.60 and a beta of 2.25. The firm’s 50 day moving average is $11.69 and its 200-day moving average is $8.49. Redwire Co. has a 1 year low of $2.68 and a 1 year high of $18.28.

Analysts Set New Price Targets

Several research firms recently issued reports on RDW. Cantor Fitzgerald reissued an “overweight” rating and set a $6.00 target price on shares of Redwire in a research note on Monday, September 30th. HC Wainwright reaffirmed a “buy” rating and set a $18.00 target price on shares of Redwire in a research note on Wednesday, December 11th. Roth Mkm raised their price target on shares of Redwire from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, B. Riley downgraded shares of Redwire from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $8.00 to $9.50 in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Redwire has an average rating of “Moderate Buy” and an average target price of $10.13.

Institutional Trading of Redwire

A number of institutional investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. purchased a new position in shares of Redwire during the third quarter worth about $623,000. Barclays PLC boosted its position in shares of Redwire by 55.8% in the 3rd quarter. Barclays PLC now owns 1,181,138 shares of the company’s stock valued at $8,115,000 after purchasing an additional 422,854 shares during the period. Bank of New York Mellon Corp grew its stake in Redwire by 496.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 71,340 shares of the company’s stock worth $512,000 after buying an additional 59,372 shares during the last quarter. LJI Wealth Management LLC purchased a new stake in Redwire in the second quarter valued at approximately $258,000. Finally, Rhumbline Advisers grew its position in shares of Redwire by 64.7% during the second quarter. Rhumbline Advisers now owns 32,335 shares of the company’s stock worth $232,000 after acquiring an additional 12,703 shares during the last quarter. 8.10% of the stock is owned by hedge funds and other institutional investors.

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.