Redwire Corporation (NYSE:RDW - Get Free Report) Director Ae Red Holdings, Llc sold 49,985 shares of the company's stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $10.01, for a total transaction of $500,349.85. Following the completion of the transaction, the director owned 45,094,000 shares of the company's stock, valued at approximately $451,390,940. The trade was a 0.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Ae Red Holdings, Llc also recently made the following trade(s):
- On Monday, February 9th, Ae Red Holdings, Llc sold 1,385,507 shares of Redwire stock. The stock was sold at an average price of $10.10, for a total value of $13,993,620.70.
- On Wednesday, February 4th, Ae Red Holdings, Llc sold 11,761 shares of Redwire stock. The shares were sold at an average price of $11.18, for a total value of $131,487.98.
- On Tuesday, February 3rd, Ae Red Holdings, Llc sold 3,357,142 shares of Redwire stock. The stock was sold at an average price of $11.18, for a total value of $37,532,847.56.
- On Monday, February 2nd, Ae Red Holdings, Llc sold 1,312,126 shares of Redwire stock. The stock was sold at an average price of $11.12, for a total value of $14,590,841.12.
- On Friday, January 30th, Ae Red Holdings, Llc sold 1,550,179 shares of Redwire stock. The shares were sold at an average price of $12.65, for a total value of $19,609,764.35.
- On Thursday, January 29th, Ae Red Holdings, Llc sold 3,932,686 shares of Redwire stock. The shares were sold at an average price of $12.80, for a total value of $50,338,380.80.
- On Wednesday, January 28th, Ae Red Holdings, Llc sold 4,847,867 shares of Redwire stock. The shares were sold at an average price of $13.29, for a total transaction of $64,428,152.43.
- On Wednesday, January 14th, Ae Red Holdings, Llc sold 12,656,683 shares of Redwire stock. The stock was sold at an average price of $10.51, for a total transaction of $133,021,738.33.
- On Tuesday, January 13th, Ae Red Holdings, Llc sold 1,662,484 shares of Redwire stock. The stock was sold at an average price of $10.34, for a total value of $17,190,084.56.
- On Monday, January 12th, Ae Red Holdings, Llc sold 2,871,715 shares of Redwire stock. The stock was sold at an average price of $10.77, for a total transaction of $30,928,370.55.
Redwire Stock Performance
RDW traded down $0.37 during trading hours on Wednesday, hitting $9.02. The company's stock had a trading volume of 20,641,343 shares, compared to its average volume of 32,663,553. The firm has a market capitalization of $1.49 billion, a PE ratio of -2.84 and a beta of 2.45. The company has a current ratio of 1.41, a quick ratio of 1.05 and a debt-to-equity ratio of 0.20. The company has a 50-day simple moving average of $9.29 and a 200 day simple moving average of $8.83. Redwire Corporation has a fifty-two week low of $4.87 and a fifty-two week high of $26.66.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on RDW. Canaccord Genuity Group dropped their price target on shares of Redwire from $17.50 to $11.00 and set a "buy" rating on the stock in a research note on Wednesday, November 12th. Truist Financial set a $13.00 target price on Redwire in a report on Friday, January 9th. Roth Mkm reaffirmed a "buy" rating and set a $20.00 price target on shares of Redwire in a report on Wednesday, January 28th. Alliance Global Partners reissued a "buy" rating on shares of Redwire in a research note on Thursday, November 6th. Finally, KeyCorp initiated coverage on Redwire in a research note on Thursday, December 18th. They issued a "sector weight" rating for the company. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $13.75.
Read Our Latest Research Report on Redwire
Institutional Trading of Redwire
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Deutsche Bank AG lifted its position in Redwire by 107.2% during the 4th quarter. Deutsche Bank AG now owns 52,008 shares of the company's stock valued at $395,000 after purchasing an additional 26,913 shares during the period. LPL Financial LLC lifted its holdings in Redwire by 60.3% in the fourth quarter. LPL Financial LLC now owns 154,065 shares of the company's stock valued at $1,171,000 after buying an additional 57,982 shares during the period. Los Angeles Capital Management LLC bought a new position in Redwire in the fourth quarter valued at approximately $545,000. J.W. Cole Advisors Inc. acquired a new stake in Redwire during the 4th quarter worth $277,000. Finally, Dover Advisors LLC acquired a new stake in Redwire during the 4th quarter worth $370,000. 8.10% of the stock is owned by institutional investors.
About Redwire
(
Get Free Report)
Redwire Corporation is a space infrastructure company specializing in the design, engineering and manufacturing of mission-critical hardware and software for the spaceflight industry. The company's offerings include deployable structures, solar power systems, radio frequency antennas, advanced composites and transparent optics. Redwire serves a broad customer base that spans civil space agencies, national defense organizations and commercial satellite operators, helping enable missions ranging from communications and Earth observation to deep-space exploration.
Formed through the strategic combination of several specialized space technology firms, Redwire's portfolio encompasses both flight-proven hardware and cutting-edge in-space manufacturing capabilities.
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