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Redwire Corp (NYSE:RDW), a space technology company with a market capitalization of $1.58 billion, recently witnessed a notable transaction involving its common stock. Genesis Park II LP, a significant stakeholder, sold 6,683 shares of Redwire Corp’s stock on February 7, 2025. The stock has shown remarkable performance, delivering a 607% return over the past year. The shares were sold at a weighted average price of $22.56, with the transaction amounting to approximately $150,794.
This sale was conducted in multiple transactions, with prices ranging from $22.50 to $22.82 per share. Following this transaction, Genesis Park II LP holds 3,704,664 shares of Redwire Corp.
Genesis Park II GP LLC, the general partner of Genesis Park II LP, has shared beneficial ownership of these securities. The transactions were signed off by Paul Hobby, the authorized signatory for both Genesis Park II LP and Genesis Park II GP LLC, on February 11, 2025. The company currently trades near its Fair Value according to InvestingPro metrics, with analysts expecting profitability this year despite recent volatility.
In other recent news, Redwire Corporation has been selected by Orion Space Solutions to provide a Mako spacecraft for the United States Space Force (USSF) Space Systems Command (SSC) Tetra-6 mission. This follows Redwire’s earlier delivery of two Mako spacecraft for the preceding Tetra-5 mission. In addition to this, Redwire’s stock rating was upgraded from Neutral to Buy by B.Riley, with a significant increase in the price target from $9.50 to $27.00. This change is attributed to Redwire’s recent acquisition of Edge Autonomy, a company specializing in uncrewed airborne systems.
Cantor Fitzgerald reaffirmed its Overweight rating and a $28.00 price target for Redwire, while Jefferies analysts confirmed a Buy rating and a price target of $21.00 for the company. Both firms noted the strategic importance of the Edge Autonomy acquisition. These are recent developments that indicate a positive trajectory for Redwire, with analysts from B.Riley, Cantor Fitzgerald, and Jefferies expressing optimism about the company’s future following the acquisition.
Lastly, Redwire experienced a significant surge in its stock following former President Trump’s announcement to send American astronauts to Mars, which sparked enthusiasm for space exploration and potential government contracts for companies in the sector.
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