Key Points
- Insider selling: Ae Red Holdings, LLC sold 407,776 shares on April 8 at $10.17 (~$4.15M) and has sold roughly 13.6 million Redwire shares since February, generating about $128 million in proceeds.
- Large remaining stake: After these sales the entity still owns 33,227,441 shares (valued at ~ $338M), with the April 8 trade reducing its position by 1.21%.
- Redwire is currently loss-making (reported EPS -$0.35 vs. -$0.16 estimate) despite beating revenue, has a market cap of ~$1.78B, and carries a consensus analyst rating of "Moderate Buy" with an average price target of $13.89.
Redwire Corporation (NYSE:RDW - Get Free Report) Director Ae Red Holdings, Llc sold 407,776 shares of the company's stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $10.17, for a total transaction of $4,147,081.92. Following the completion of the transaction, the director owned 33,227,441 shares of the company's stock, valued at $337,923,074.97. This trade represents a 1.21% decrease in their position. The transaction 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 Thursday, April 9th, Ae Red Holdings, Llc sold 542,368 shares of Redwire stock. The shares were sold at an average price of $9.37, for a total transaction of $5,081,988.16.
- On Wednesday, March 25th, Ae Red Holdings, Llc sold 2,500,000 shares of Redwire stock. The shares were sold at an average price of $9.45, for a total transaction of $23,625,000.00.
- On Tuesday, March 24th, Ae Red Holdings, Llc sold 7,500,000 shares of Redwire stock. The shares were sold at an average price of $9.15, for a total transaction of $68,625,000.00.
- On Wednesday, March 18th, Ae Red Holdings, Llc sold 81,319 shares of Redwire stock. The shares were sold at an average price of $10.01, for a total transaction of $814,003.19.
- On Tuesday, March 17th, Ae Red Holdings, Llc sold 996,927 shares of Redwire stock. The shares were sold at an average price of $10.10, for a total transaction of $10,068,962.70.
- On Monday, March 16th, Ae Red Holdings, Llc sold 97,066 shares of Redwire stock. The shares were sold at an average price of $10.06, for a total transaction of $976,483.96.
- On Friday, March 13th, Ae Red Holdings, Llc sold 11,615 shares of Redwire stock. The shares were sold at an average price of $10.01, for a total transaction of $116,266.15.
- On Tuesday, February 10th, Ae Red Holdings, Llc sold 49,985 shares of Redwire stock. The shares were sold at an average price of $10.01, for a total transaction of $500,349.85.
- On Monday, February 9th, Ae Red Holdings, Llc sold 1,385,507 shares of Redwire stock. The shares were sold at an average price of $10.10, for a total transaction 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 transaction of $131,487.98.
Redwire Stock Up 0.6%
Redwire stock opened at $9.28 on Friday. The company has a 50 day moving average of $9.16 and a 200-day moving average of $8.59. The company has a quick ratio of 1.27, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $1.78 billion, a PE ratio of -3.91 and a beta of 2.49. Redwire Corporation has a twelve month low of $4.87 and a twelve month high of $22.25.
Redwire (NYSE:RDW - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported ($0.35) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.19). The business had revenue of $108.79 million during the quarter, compared to the consensus estimate of $98.78 million. Redwire had a negative return on equity of 13.04% and a negative net margin of 67.55%. On average, equities research analysts anticipate that Redwire Corporation will post -0.85 EPS for the current fiscal year.
Institutional Trading of Redwire
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. raised its position in Redwire by 1,054.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,016 shares of the company's stock worth $31,000 after acquiring an additional 3,668 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in Redwire by 3,976.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 269,873 shares of the company's stock worth $2,051,000 after acquiring an additional 263,253 shares in the last quarter. Corecam Pte. Ltd. bought a new stake in Redwire during the fourth quarter worth $288,000. Alpine Global Management LLC bought a new stake in Redwire during the fourth quarter worth $93,000. Finally, Sunbelt Securities Inc. raised its position in Redwire by 601.1% during the fourth quarter. Sunbelt Securities Inc. now owns 3,961 shares of the company's stock worth $30,000 after acquiring an additional 3,396 shares in the last quarter. 8.10% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of brokerages have recently commented on RDW. Weiss Ratings reissued a "sell (d-)" rating on shares of Redwire in a research report on Thursday, January 22nd. Jefferies Financial Group cut their price objective on shares of Redwire from $13.00 to $12.00 and set a "buy" rating on the stock in a research report on Friday, March 6th. Canaccord Genuity Group boosted their price objective on shares of Redwire from $11.00 to $12.00 and gave the stock a "buy" rating in a research report on Friday, February 27th. HC Wainwright reissued a "buy" rating and issued a $22.00 price objective on shares of Redwire in a research report on Tuesday, December 23rd. Finally, Zacks Research raised shares of Redwire from a "strong sell" rating to a "hold" rating in a research report on Wednesday, March 11th. Eight equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Redwire currently has a consensus rating of "Moderate Buy" and an average price target of $13.89.
Read Our Latest Report on Redwire
Redwire Company Profile
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
