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

Posted by Chris Copeland on Feb 24th, 2025

Redwire Co. (NYSE:RDW – Get Free Report) major shareholder Park Lp Genesis II sold 10,115 shares of the business’s stock in a transaction that occurred 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 owns 3,644,566 shares in the company, valued at $87,870,486.26. This trade represents a 0.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own more than 10% 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, 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 shares were 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 Price Performance

NYSE RDW opened at $17.90 on Monday. Redwire Co. has a 1 year low of $2.89 and a 1 year high of $26.66. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of -14.79 and a beta of 2.23. The company has a fifty day moving average price of $18.74 and a 200-day moving average price of $12.08.

Institutional Trading of Redwire

Several institutional investors have recently made changes to their positions in RDW. Barclays PLC grew its stake in shares of 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 acquiring an additional 422,854 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of Redwire by 165.7% in the 4th quarter. Federated Hermes Inc. now owns 498,275 shares of the company’s stock worth $8,202,000 after acquiring an additional 310,769 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Redwire in the 4th quarter worth $4,830,000. EAM Global Investors LLC bought a new stake in shares of Redwire in the 4th quarter worth $4,689,000. Finally, Andar Capital Management HK Ltd bought a new stake in shares of Redwire in the 4th quarter worth $3,621,000. Institutional investors own 8.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Roth Mkm boosted their price target 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. HC Wainwright boosted their price target 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 price target for the company from $9.50 to $27.00 in a research note on Monday, January 27th. Finally, Cantor Fitzgerald assumed coverage on shares of Redwire in a research note on Friday, January 24th. They set an “overweight” rating and a $28.00 price target for the company. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Redwire currently has an average rating of “Buy” and a consensus price target of $18.04.

Read Our Latest Stock Report on RDW

Redwire Company Profile

(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.