Redwire Co. (NYSE:RDW) Major Shareholder Sells $243,872.65 in Stock

Posted by Doug Wharley on Feb 21st, 2025

Redwire Co. (NYSE:RDW – Get Free Report) major shareholder Park Lp Genesis II sold 10,115 shares of Redwire stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $24.11, for a total transaction of $243,872.65. Following the completion of the transaction, the insider now directly owns 3,644,566 shares in the company, valued at $87,870,486.26. This represents a 0.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 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 Friday, February 7th, Park Lp Genesis II sold 6,683 shares of Redwire stock. The stock was sold at an average price of $22.56, for a total transaction of $150,768.48.
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 stock was 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 stock was 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 Price Performance

NYSE:RDW traded down $2.11 during mid-day trading on Friday, hitting $17.90. The company’s stock had a trading volume of 2,122,064 shares, compared to its average volume of 2,096,656. Redwire Co. has a 1 year low of $2.89 and a 1 year high of $26.66. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of -14.79 and a beta of 2.23. The business’s fifty day moving average is $18.63 and its two-hundred day moving average is $11.91.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on RDW. Cantor Fitzgerald began coverage on shares of Redwire in a report on Friday, January 24th. They set an “overweight” rating and a $28.00 price objective on the stock. Roth Mkm boosted their price objective on shares of Redwire from $10.00 to $13.00 and gave the company a “buy” rating in a report on Friday, November 8th. HC Wainwright upped their price target on shares of Redwire from $18.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, B. Riley raised shares of Redwire from a “neutral” rating to a “buy” rating and upped their price target for the company from $9.50 to $27.00 in a report on Monday, January 27th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $18.04.

View Our Latest Stock Analysis on Redwire

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Redwire by 4.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,876 shares of the company’s stock worth $212,000 after acquiring an additional 532 shares during the period. JPMorgan Chase & Co. raised its position in shares of Redwire by 7.8% in the fourth quarter. JPMorgan Chase & Co. now owns 10,854 shares of the company’s stock worth $179,000 after acquiring an additional 782 shares during the period. Summit Investment Advisors Inc. raised its position in shares of Redwire by 64.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,382 shares of the company’s stock worth $39,000 after acquiring an additional 931 shares during the period. Jones Financial Companies Lllp raised its position in shares of Redwire by 45.7% in the fourth quarter. Jones Financial Companies Lllp now owns 4,372 shares of the company’s stock worth $72,000 after acquiring an additional 1,372 shares during the period. Finally, Quarry LP acquired a new position in shares of Redwire in the fourth quarter worth about $33,000. Institutional investors and hedge funds own 8.10% of the company’s stock.

About Redwire

(Get Free Report)

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.