Insider Selling: Redwire Co. (NYSE:RDW) Major Shareholder Sells $96,731.71 in Stock

Redwire Co. (NYSE:RDW) major shareholder Park Lp Genesis II sold 5,371 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $18.01, for a total transaction of $96,731.71. Following the completion of the transaction, the insider now owns 4,598,056 shares of the company’s stock, valued at $82,810,988.56. This trade represents a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares 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 stock was sold at an average price of $16.99, for a total value of $1,526,891.30.

Redwire Trading Up 3.5 %

Shares of Redwire stock opened at $17.04 on Friday. Redwire Co. has a 1 year low of $2.68 and a 1 year high of $18.28. The stock has a 50-day moving average price of $12.16 and a 200 day moving average price of $8.67. The company has a market cap of $1.13 billion, a P/E ratio of -14.08 and a beta of 2.25.

Institutional Trading of Redwire

Institutional investors have recently made changes to their positions in the stock. Barclays PLC lifted its position in Redwire by 55.8% in the 3rd 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. Geode Capital Management LLC increased its stake in shares of Redwire by 6.3% in the third quarter. Geode Capital Management LLC now owns 523,743 shares of the company’s stock worth $3,599,000 after acquiring an additional 30,963 shares during the last quarter. State Street Corp raised its holdings in shares of Redwire by 8.1% during the third 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. Harbor Capital Advisors Inc. acquired a new stake in Redwire during the third quarter valued at $623,000. Finally, Penserra Capital Management LLC grew its stake in Redwire by 16.5% in the third quarter. Penserra Capital Management LLC now owns 74,626 shares of the company’s stock valued at $512,000 after purchasing an additional 10,558 shares in the last quarter. 8.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RDW. Roth Mkm upped their price objective on Redwire from $10.00 to $13.00 and gave the company a “buy” rating in a report on Friday, November 8th. HC Wainwright restated a “buy” rating and set a $18.00 price objective on shares of Redwire in a research report on Wednesday, December 11th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $6.00 target price on shares of Redwire in a report on Monday, September 30th. Finally, B. Riley cut shares of Redwire from a “buy” rating to a “neutral” rating and raised their target price for the stock from $8.00 to $9.50 in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $10.13.

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.