Redwire Co. (NYSE:RDW) Major Shareholder Sells $1,160,000.00 in Stock

Redwire Co. (NYSE:RDW - Get Free Report) major shareholder Park Lp Genesis II sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $23.20, for a total transaction of $1,160,000.00. Following the completion of the transaction, the insider now owns 3,754,041 shares of the company's stock, valued at $87,093,751.20. This trade represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more 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 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 stock was sold at an average price of $16.99, for a total transaction of $1,526,891.30.

Redwire Stock Performance

Shares of NYSE RDW traded up $3.15 during mid-day trading on Monday, hitting $24.08. The stock had a trading volume of 1,510,047 shares, compared to its average volume of 2,042,150. Redwire Co. has a 1 year low of $2.89 and a 1 year high of $26.66. The business has a 50 day moving average price of $16.74 and a two-hundred day moving average price of $10.95. The firm has a market cap of $1.60 billion, a P/E ratio of -19.84 and a beta of 2.23.

Analysts Set New Price Targets

Several research analysts have commented on RDW shares. B. Riley raised shares of Redwire from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $9.50 to $27.00 in a research note on Monday, January 27th. HC Wainwright lifted their price target 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. Roth Mkm lifted their price target on shares of Redwire from $10.00 to $13.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Finally, Cantor Fitzgerald started coverage on shares of Redwire in a research note on Friday, January 24th. They set an "overweight" rating and a $28.00 price target on the stock. Six investment 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.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in RDW. Barclays PLC increased its position in Redwire by 55.8% during the 3rd quarter. Barclays PLC now owns 1,181,138 shares of the company's stock valued at $8,115,000 after purchasing an additional 422,854 shares during the period. Geode Capital Management LLC increased its position in Redwire by 6.3% during the 3rd quarter. Geode Capital Management LLC now owns 523,743 shares of the company's stock valued at $3,599,000 after purchasing an additional 30,963 shares during the period. State Street Corp increased its position in Redwire by 8.1% during the 3rd quarter. State Street Corp now owns 473,295 shares of the company's stock valued at $3,252,000 after purchasing an additional 35,519 shares during the period. Harbor Capital Advisors Inc. purchased a new position in Redwire during the 3rd quarter valued at $623,000. Finally, Penserra Capital Management LLC increased its position in Redwire by 16.5% during the 3rd 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 during the period. 8.10% of the stock is owned by hedge funds and other institutional investors.

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.