Redwire Co. (NYSE:RDW) Director Ae Red Holdings, Llc Sells 15,122 Shares

Posted by admin on Sep 19th, 2023

Redwire Co. (NYSE:RDW – Get Free Report) Director Ae Red Holdings, Llc sold 15,122 shares of Redwire stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $3.39, for a total transaction of $51,263.58. Following the completion of the sale, the director now directly owns 36,053,750 shares of the company’s stock, valued at $122,222,212.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

On Friday, September 15th, Ae Red Holdings, Llc sold 48,552 shares of Redwire stock. The stock was sold at an average price of $3.63, for a total value of $176,243.76.
On Monday, August 21st, Ae Red Holdings, Llc sold 6,151 shares of Redwire stock. The shares were sold at an average price of $3.29, for a total value of $20,236.79.
On Monday, August 21st, Ae Red Holdings, Llc sold 6,151 shares of Redwire stock. The stock was sold at an average price of $3.29, for a total value of $20,236.79.
On Monday, August 14th, Ae Red Holdings, Llc sold 15,275 shares of Redwire stock. The shares were sold at an average price of $3.36, for a total transaction of $51,324.00.
On Friday, August 11th, Ae Red Holdings, Llc sold 11,723 shares of Redwire stock. The shares were sold at an average price of $3.52, for a total value of $41,264.96.
On Wednesday, August 9th, Ae Red Holdings, Llc sold 9,465 shares of Redwire stock. The stock was sold at an average price of $3.33, for a total value of $31,518.45.
On Monday, August 7th, Ae Red Holdings, Llc sold 15,463 shares of Redwire stock. The stock was sold at an average price of $3.44, for a total transaction of $53,192.72.
On Friday, August 4th, Ae Red Holdings, Llc sold 9,745 shares of Redwire stock. The stock was sold at an average price of $3.43, for a total transaction of $33,425.35.
On Wednesday, August 2nd, Ae Red Holdings, Llc sold 12,182 shares of Redwire stock. The stock was sold at an average price of $3.54, for a total transaction of $43,124.28.
On Monday, July 31st, Ae Red Holdings, Llc sold 26,774 shares of Redwire stock. The shares were sold at an average price of $3.66, for a total value of $97,992.84.

Redwire Stock Performance

Shares of NYSE:RDW traded down $0.09 during mid-day trading on Tuesday, hitting $3.26. The stock had a trading volume of 426,353 shares, compared to its average volume of 371,801. Redwire Co. has a 12-month low of $1.67 and a 12-month high of $4.58. The company has a market cap of $211.15 million, a PE ratio of -3.51 and a beta of 1.78. The company’s 50 day moving average is $3.33 and its 200-day moving average is $3.00.

Redwire (NYSE:RDW – Get Free Report) last released its earnings results on Monday, August 7th. The company reported ($0.16) earnings per share for the quarter, meeting the consensus estimate of ($0.16). The company had revenue of $60.10 million for the quarter, compared to analysts’ expectations of $58.23 million. Redwire had a negative return on equity of 530.39% and a negative net margin of 23.49%. During the same quarter in the previous year, the business posted $0.06 EPS. On average, equities research analysts predict that Redwire Co. will post -0.56 EPS for the current fiscal year.

Institutional Trading of Redwire

Several large investors have recently made changes to their positions in RDW. Citigroup Inc. acquired a new stake in Redwire in the 1st quarter worth approximately $52,000. Ellevest Inc. grew its holdings in Redwire by 97.6% during the first quarter. Ellevest Inc. now owns 8,424 shares of the company’s stock valued at $26,000 after purchasing an additional 4,160 shares during the last quarter. American International Group Inc. bought a new position in shares of Redwire in the second quarter valued at approximately $28,000. Sei Investments Co. acquired a new stake in shares of Redwire in the second quarter worth $26,000. Finally, FMR LLC boosted its holdings in shares of Redwire by 719.5% during the 1st quarter. FMR LLC now owns 10,129 shares of the company’s stock worth $31,000 after buying an additional 8,893 shares during the period. Institutional investors own 9.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on RDW shares. Roth Mkm assumed coverage on shares of Redwire in a research note on Wednesday, September 13th. They set a “buy” rating and a $10.00 price objective on the stock. Roth Capital reaffirmed a “buy” rating on shares of Redwire in a report on Wednesday, September 13th.

View Our Latest Stock Analysis on RDW

About Redwire

(Get Free Report)

Redwire Corporation operates as a space infrastructure company in the United States, Netherlands, Luxemburg, the United Kingdom, Italy, Germany, Spain, South Korea, Poland, and internationally. It provides critical space solutions and reliability components for solar power generation, in-space 3D printing and manufacturing, avionics, critical components, sensors, digital engineering, and space-based biotechnology.