Park Lp Genesis II Sells 10,115 Shares of Redwire Co. (NYSE:RDW) Stock

Posted by Steven Smith on Feb 23rd, 2025

Redwire Co. (NYSE:RDW – Get Free Report) major shareholder Park Lp Genesis II sold 10,115 shares of Redwire stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $24.11, for a total transaction of $243,872.65. Following the completion of the sale, the insider now owns 3,644,566 shares in the company, valued at approximately $87,870,486.26. This represents a 0.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% 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 Friday, February 7th, Park Lp Genesis II sold 6,683 shares of Redwire stock. The stock was sold at an average price of $22.56, for a total transaction of $150,768.48.
On Tuesday, February 4th, Park Lp Genesis II sold 50,000 shares of Redwire stock. The stock was sold at an average price of $23.20, for a total transaction 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 transaction of $2,273,000.00.
On Thursday, January 23rd, Park Lp Genesis II sold 100,000 shares of Redwire stock. The stock was 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 shares were sold at an average price of $16.99, for a total transaction of $1,526,891.30.

Redwire Stock Performance

NYSE:RDW opened at $17.90 on Friday. The company has a fifty day moving average of $18.74 and a two-hundred day moving average of $12.04. The stock has a market capitalization of $1.19 billion, a PE ratio of -14.79 and a beta of 2.23. Redwire Co. has a fifty-two week low of $2.89 and a fifty-two week high of $26.66.

Analyst Ratings Changes

Several research firms recently commented on RDW. Roth Mkm boosted their price objective 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. B. Riley upgraded shares of Redwire from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $9.50 to $27.00 in a research note on Monday, January 27th. HC Wainwright boosted their price objective 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. Finally, Cantor Fitzgerald began coverage on shares of Redwire in a research report on Friday, January 24th. They set an “overweight” rating and a $28.00 target price on the stock. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $18.04.

Check Out Our Latest Analysis on Redwire

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Quarry LP purchased a new position in Redwire during the fourth quarter worth about $33,000. Summit Investment Advisors Inc. boosted its stake in Redwire by 64.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,382 shares of the company’s stock worth $39,000 after buying an additional 931 shares during the period. Summit Securities Group LLC purchased a new position in Redwire during the fourth quarter worth about $63,000. Jones Financial Companies Lllp boosted its stake in Redwire by 45.7% during the fourth quarter. Jones Financial Companies Lllp now owns 4,372 shares of the company’s stock worth $72,000 after buying an additional 1,372 shares during the period. Finally, Vontobel Holding Ltd. purchased a new position in Redwire during the third quarter worth about $74,000. Hedge funds and other institutional investors own 8.10% of the company’s stock.

About Redwire

(Get Free Report)

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.