Park Lp Genesis II Sells 6,683 Shares of Redwire Co. (NYSE:RDW) Stock

Posted by Latisha Jones on Feb 13th, 2025

Redwire Co. (NYSE:RDW – Get Free Report) major shareholder Park Lp Genesis II sold 6,683 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $22.56, for a total transaction of $150,768.48. Following the transaction, the insider now directly owns 3,704,664 shares of the company’s stock, valued at $83,577,219.84. This trade represents a 0.18 % decrease in their position. 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 stock 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 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 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 stock was 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 stock was 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 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 stock was 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 Price Performance

NYSE:RDW opened at $24.97 on Thursday. The firm has a 50-day moving average of $17.12 and a two-hundred day moving average of $11.17. The stock has a market cap of $1.66 billion, a P/E ratio of -20.64 and a beta of 2.23. Redwire Co. has a 1-year low of $2.89 and a 1-year high of $26.66.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Summit Securities Group LLC purchased a new stake in Redwire during the 4th quarter worth approximately $63,000. JPMorgan Chase & Co. grew its position in shares of Redwire by 7.8% during the fourth quarter. JPMorgan Chase & Co. now owns 10,854 shares of the company’s stock worth $179,000 after buying an additional 782 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Redwire by 8.4% in the fourth quarter. Vanguard Group Inc. now owns 1,310,660 shares of the company’s stock worth $21,573,000 after buying an additional 101,620 shares during the last quarter. LPL Financial LLC bought a new stake in shares of Redwire in the fourth quarter worth $191,000. Finally, Sei Investments Co. raised its holdings in Redwire by 146.6% in the fourth quarter. Sei Investments Co. now owns 24,664 shares of the company’s stock valued at $406,000 after acquiring an additional 14,664 shares in the last quarter. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on RDW shares. B. Riley raised shares of Redwire from a “neutral” rating to a “buy” rating and upped their price target for the stock from $9.50 to $27.00 in a research report on Monday, January 27th. Cantor Fitzgerald began coverage on Redwire in a research report on Friday, January 24th. They issued an “overweight” rating and a $28.00 target price for the company. HC Wainwright increased their target price on Redwire from $18.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, Roth Mkm boosted 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. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $18.04.

Check Out Our Latest Report on Redwire

Redwire Company Profile

(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.