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

Posted by Denise Randall on Feb 23rd, 2025

Redwire Co. (NYSE:RDW – Get Free Report) major shareholder Park Lp Genesis II sold 10,115 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 3,644,566 shares of the company’s stock, valued at approximately $87,870,486.26. The trade was a 0.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more 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 shares were 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 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 shares were 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 shares were 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 stock was 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 stock was 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 Stock Performance

Shares of NYSE RDW opened at $17.90 on Friday. The firm has a market capitalization of $1.19 billion, a P/E ratio of -14.79 and a beta of 2.23. Redwire Co. has a one year low of $2.89 and a one year high of $26.66. The company’s fifty day moving average is $18.74 and its two-hundred day moving average is $12.04.

Analyst Upgrades and Downgrades

RDW has been the topic of a number of recent research reports. Roth Mkm lifted their target price on shares of Redwire from $10.00 to $13.00 and gave the company a “buy” rating in a report on Friday, November 8th. B. Riley raised shares of Redwire from a “neutral” rating to a “buy” rating and lifted their target price for the company from $9.50 to $27.00 in a report on Monday, January 27th. HC Wainwright lifted their target price on shares of Redwire from $18.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Cantor Fitzgerald assumed coverage on shares of Redwire in a report on Friday, January 24th. They issued an “overweight” rating and a $28.00 target price on the stock. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $18.04.

View Our Latest Stock Report on RDW

Institutional Investors Weigh In On Redwire

Several institutional investors and hedge funds have recently made changes to their positions in RDW. Quarry LP purchased a new stake in shares of Redwire in the 4th quarter worth about $33,000. Summit Investment Advisors Inc. boosted its position in shares of Redwire by 64.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,382 shares of the company’s stock worth $39,000 after buying an additional 931 shares in the last quarter. Summit Securities Group LLC acquired a new position in Redwire in the 4th quarter valued at about $63,000. Jones Financial Companies Lllp lifted its holdings in Redwire by 45.7% in the 4th quarter. Jones Financial Companies Lllp now owns 4,372 shares of the company’s stock valued at $72,000 after purchasing an additional 1,372 shares in the last quarter. Finally, Vontobel Holding Ltd. purchased a new position in Redwire in the 3rd quarter valued at about $74,000. 8.10% of the stock is currently owned by hedge funds and other institutional investors.

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.