Radware (NASDAQ:RDWR) Insider Rivkah Goldriech Sells 1,375 Shares

Radware Ltd. (NASDAQ:RDWR) insider Rivkah Goldriech sold 1,375 shares of Radware stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $29.50, for a total value of $40,562.50. Following the sale, the insider directly owned 60,741 shares in the company, valued at $1,791,859.50. The trade was a 2.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Radware Trading Up 1.3%

Shares of NASDAQ:RDWR opened at $29.90 on Wednesday. Radware Ltd. has a 1-year low of $21.68 and a 1-year high of $31.57. The firm has a market capitalization of $1.26 billion, a PE ratio of 69.54 and a beta of 0.81. The business’s 50 day moving average is $26.67 and its 200-day moving average is $25.01.

Radware (NASDAQ:RDWR) last announced its quarterly earnings data on Tuesday, March 31st. The information technology services provider reported $0.30 earnings per share for the quarter. Radware had a return on equity of 7.69% and a net margin of 6.28%.The company had revenue of $79.81 million for the quarter.

Radware announced that its Board of Directors has authorized a stock buyback program on Friday, February 13th that permits the company to buyback $80.00 million in outstanding shares. This buyback authorization permits the information technology services provider to buy up to 7.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Radware

Several hedge funds and other institutional investors have recently modified their holdings of RDWR. Farther Finance Advisors LLC lifted its position in shares of Radware by 3,178.4% during the 4th quarter. Farther Finance Advisors LLC now owns 1,213 shares of the information technology services provider’s stock worth $29,000 after buying an additional 1,176 shares during the period. Parallel Advisors LLC lifted its position in shares of Radware by 48.8% during the 1st quarter. Parallel Advisors LLC now owns 1,140 shares of the information technology services provider’s stock worth $30,000 after buying an additional 374 shares during the period. Simplex Trading LLC raised its position in Radware by 51.4% in the 4th quarter. Simplex Trading LLC now owns 1,544 shares of the information technology services provider’s stock valued at $37,000 after purchasing an additional 524 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in Radware by 47.8% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,700 shares of the information technology services provider’s stock valued at $41,000 after purchasing an additional 550 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new position in Radware in the 4th quarter valued at $49,000. Institutional investors own 73.12% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on RDWR shares. Weiss Ratings restated a “sell (d+)” rating on shares of Radware in a research report on Friday, March 27th. Needham & Company LLC restated a “hold” rating on shares of Radware in a research report on Thursday, May 7th. Finally, Wall Street Zen upgraded Radware from a “hold” rating to a “buy” rating in a research report on Saturday, April 4th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Radware presently has a consensus rating of “Hold” and an average target price of $30.00.

About Radware

Radware Ltd. provides cybersecurity and application delivery solutions designed to ensure the availability, performance and security of mission‐critical applications. Its product portfolio includes on‐premises and cloud‐based offerings such as Alteon application delivery controllers, DefensePro network behavior analysis for DDoS mitigation and AppWall web application firewall. The company’s platforms use real‐time behavioral analysis, machine learning and automation to protect against distributed denial‐of‐service attacks, application layer threats and network intrusions.

Founded in 1997, Radware is co-headquartered in Tel Aviv, Israel, with a principal U.S.