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

Posted by Mark Dietrich 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 dated Wednesday, February 19th. The stock was sold at an average price of $24.11, for a total value of $243,872.65. Following the completion of the transaction, the insider now owns 3,644,566 shares of the company’s stock, valued at approximately $87,870,486.26. This represents a 0.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock 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 value 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 value 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 value 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 value of $2,192,000.00.
On Tuesday, January 21st, Park Lp Genesis II sold 150,000 shares of Redwire stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $16.99, for a total transaction of $1,526,891.30.

Redwire Trading Down 10.5 %

Shares of Redwire stock traded down $2.11 on Friday, hitting $17.90. 2,122,064 shares of the company traded hands, compared to its average volume of 2,096,656. The company has a market cap of $1.19 billion, a PE ratio of -14.79 and a beta of 2.23. Redwire Co. has a 52 week low of $2.89 and a 52 week high of $26.66. The stock’s 50 day moving average price is $18.63 and its 200-day moving average price is $11.91.

Analyst Ratings Changes

Several analysts have issued reports on RDW shares. HC Wainwright raised their price objective on shares of Redwire from $18.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. B. Riley raised shares of Redwire from a “neutral” rating to a “buy” rating and lifted their price target for the company from $9.50 to $27.00 in a research note on Monday, January 27th. 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. Finally, Roth Mkm lifted 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. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $18.04.

Read Our Latest Report on RDW

Hedge Funds Weigh In On Redwire

Large investors have recently bought and sold shares of the business. Quarry LP bought a new position in Redwire in the fourth quarter worth approximately $33,000. Summit Investment Advisors Inc. raised its stake in 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 buying an additional 931 shares in the last quarter. Summit Securities Group LLC bought a new position in Redwire in the fourth quarter worth approximately $63,000. Jones Financial Companies Lllp raised its stake in 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 buying an additional 1,372 shares in the last quarter. Finally, Vontobel Holding Ltd. bought a new position in Redwire in the third quarter worth approximately $74,000. Institutional investors 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.