Insider Selling: Redwire (NYSE:RDW) Director Sells $22,995,736.20 in Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 1,070,565 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $21.48, for a total transaction of $22,995,736.20. Following the completion of the transaction, the director directly owned 1,077,419 shares of the company’s stock, valued at approximately $23,142,960.12. The trade was a 49.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Ae Red Holdings, Llc also recently made the following trade(s):

• On Monday, May 18th, Ae Red Holdings, Llc sold 15,247,586 shares of Redwire stock. The stock was sold at an average price of $13.75, for a total transaction of $209,654,307.50.
• On Wednesday, April 22nd, Ae Red Holdings, Llc sold 21,365,909 shares of Redwire stock. The stock was sold at an average price of $10.85, for a total transaction of $231,820,112.65.
• On Tuesday, April 21st, Ae Red Holdings, Llc sold 977,887 shares of Redwire stock. The stock was sold at an average price of $10.57, for a total transaction of $10,336,265.59.
• On Monday, April 20th, Ae Red Holdings, Llc sold 1,766,372 shares of Redwire stock. The stock was sold at an average price of $10.23, for a total transaction of $18,069,985.56.
• On Friday, April 17th, Ae Red Holdings, Llc sold 2,034,536 shares of Redwire stock. The stock was sold at an average price of $10.77, for a total transaction of $21,911,952.72.
• On Thursday, April 16th, Ae Red Holdings, Llc sold 3,145,207 shares of Redwire stock. The stock was sold at an average price of $10.57, for a total transaction of $33,244,837.99.
• On Wednesday, April 15th, Ae Red Holdings, Llc sold 692,936 shares of Redwire stock. The stock was sold at an average price of $9.70, for a total transaction of $6,721,479.20.
• On Tuesday, April 14th, Ae Red Holdings, Llc sold 1,202,375 shares of Redwire stock. The stock was sold at an average price of $9.92, for a total transaction of $11,927,560.00.
• On Monday, April 13th, Ae Red Holdings, Llc sold 790,393 shares of Redwire stock. The stock was sold at an average price of $9.78, for a total transaction of $7,730,043.54.
• On Friday, April 10th, Ae Red Holdings, Llc sold 581,018 shares of Redwire stock. The stock was sold at an average price of $9.31, for a total transaction of $5,409,277.58.

Redwire Stock Performance

NYSE RDW opened at $15.08 on Monday. Redwire Corporation has a 52-week low of $4.87 and a 52-week high of $26.64. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.75. The company has a market capitalization of $2.89 billion, a P/E ratio of -5.63 and a beta of 2.91. The company has a fifty day moving average of $13.58 and a 200-day moving average of $10.53.

Redwire (NYSE:RDW) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.24). Redwire had a negative return on equity of 11.68% and a negative net margin of 80.90%.The company had revenue of $96.97 million for the quarter, compared to the consensus estimate of $105.94 million. During the same period in the prior year, the firm posted ($0.09) earnings per share. The business’s revenue was up 57.9% on a year-over-year basis. As a group, equities research analysts predict that Redwire Corporation will post -0.76 EPS for the current fiscal year.

Institutional Trading of Redwire

Several hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its position in shares of Redwire by 4.4% in the fourth quarter. Farther Finance Advisors LLC now owns 20,897 shares of the company’s stock valued at $159,000 after acquiring an additional 877 shares during the period. Parvin Asset Management LLC increased its position in shares of Redwire by 6.9% in the first quarter. Parvin Asset Management LLC now owns 17,825 shares of the company’s stock valued at $152,000 after acquiring an additional 1,150 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Redwire by 32.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,279 shares of the company’s stock valued at $102,000 after acquiring an additional 1,533 shares during the period. Jones Financial Companies Lllp increased its position in shares of Redwire by 24.0% in the third quarter. Jones Financial Companies Lllp now owns 12,617 shares of the company’s stock valued at $111,000 after acquiring an additional 2,442 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of Redwire by 12.0% in the second quarter. BNP Paribas Financial Markets now owns 30,396 shares of the company’s stock valued at $495,000 after acquiring an additional 3,248 shares during the period. 8.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RDW. Jefferies Financial Group raised shares of Redwire to a “hold” rating in a research note on Wednesday, June 10th. Truist Financial raised shares of Redwire to a “strong-buy” rating in a research note on Friday, May 1st. Canaccord Genuity Group boosted their price target on shares of Redwire from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Redwire in a research note on Tuesday, April 21st. Finally, Alliance Global Partners reissued a “buy” rating on shares of Redwire in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.44.

Key Redwire News

Here are the key news stories impacting Redwire this week:

• Positive Sentiment: Redwire was upgraded to hold by Jefferies, which can signal improving analyst confidence, even if the rating is still neutral. Jefferies upgrade to hold
• Neutral Sentiment: Investor attention on space stocks increased ahead of the SpaceX IPO, putting Redwire in the spotlight as a “picks and shovels” space infrastructure name. SpaceX prepares its IPO, Redwire stock in spotlight
• Neutral Sentiment: Redwire expanded its at-the-market equity program, which gives it more flexibility to raise capital but also raises dilution concerns for existing shareholders. Redwire Establishes Expanded At-The-Market Equity Program
• Negative Sentiment: A director, Ae Red Holdings, sold more than 1.07 million shares, a large reduction in ownership that may worry investors about insider confidence. SEC filing for director stock sale
• Negative Sentiment: Several recent articles questioned Redwire’s valuation and growth narrative, with one piece arguing expectations may be catching up to reality and another citing dilution concerns from the new $500 million ATM program. Redwire’s US$500 Million ATM Raises Dilution Questions
• Negative Sentiment: A short-seller attack on space stocks added pressure across the sector, which likely weighed on RDW alongside broader profit-taking in the group. Space Stocks Get Torched

About Redwire

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.