Insider Selling: Redwire Co. (NYSE:RDW) Major Shareholder Sells 6,683 Shares of Stock

Redwire Co. (NYSE:RDW - Get Free Report) major shareholder Park Lp Genesis II sold 6,683 shares of the business's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $22.56, for a total value of $150,768.48. Following the completion of the transaction, the insider now owns 3,704,664 shares in the company, valued at $83,577,219.84. The trade was a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

Park Lp Genesis II also recently made the following trade(s):

• 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 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 shares were 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 shares were sold at an average price of $19.61, for a total value 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 value 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 value 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 value 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 value of $1,526,891.30.

Redwire Trading Down 8.0 %

NYSE:RDW traded down $2.06 during trading hours on Friday, hitting $23.60. 1,750,759 shares of the stock were exchanged, compared to its average volume of 2,200,817. Redwire Co. has a 52-week low of $2.89 and a 52-week high of $26.66. The firm's fifty day moving average price is $17.79 and its 200 day moving average price is $11.48. The company has a market cap of $1.57 billion, a P/E ratio of -19.50 and a beta of 2.23.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP acquired a new position in shares of Redwire during the 4th quarter worth approximately $33,000. Ameritas Investment Partners Inc. boosted its holdings in shares of Redwire by 64.2% during the 4th quarter. Ameritas Investment Partners Inc. now owns 2,382 shares of the company's stock worth $39,000 after purchasing an additional 931 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of Redwire during the 4th quarter worth approximately $63,000. Jones Financial Companies Lllp lifted its holdings in Redwire by 45.7% in the fourth quarter. Jones Financial Companies Lllp now owns 4,372 shares of the company's stock valued at $72,000 after acquiring an additional 1,372 shares during the last quarter. Finally, US Bancorp DE acquired a new position in Redwire in the fourth quarter valued at approximately $119,000. 8.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RDW has been the topic of several analyst reports. Roth Mkm increased their price target on Redwire from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. HC Wainwright increased their price target on Redwire from $18.00 to $26.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Cantor Fitzgerald initiated coverage on Redwire in a research report on Friday, January 24th. They set an "overweight" rating and a $28.00 price target on the stock. Finally, B. Riley raised Redwire from a "neutral" rating to a "buy" rating and increased their price target for the stock from $9.50 to $27.00 in a research report on Monday, January 27th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $18.04.

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.