Radware (NASDAQ:RDWR) Shares Gap Down – Here’s What Happened

Radware Ltd. (NASDAQ:RDWR)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $28.21, but opened at $23.56. Radware shares last traded at $24.9990, with a volume of 17,936 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Needham & Company LLC reissued a “hold” rating on shares of Radware in a research note on Thursday, May 7th. Wall Street Zen upgraded shares of Radware from a “hold” rating to a “buy” rating in a research report on Saturday, April 4th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $25.00.

Radware Stock Up 5.1%

The business has a 50 day moving average price of $29.19 and a two-hundred day moving average price of $26.90. The stock has a market cap of $1.10 billion, a P/E ratio of 68.92 and a beta of 0.84.

Radware (NASDAQ:RDWR) last issued its earnings results on Tuesday, June 30th. The information technology services provider reported $0.30 earnings per share (EPS) for the quarter. Radware had a return on equity of 7.47% and a net margin of 5.34%.The company had revenue of $82.28 million for the quarter.

Insider Activity at Radware

In other news, COO Gabriel Malka sold 3,111 shares of Radware stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $29.00, for a total transaction of $90,219.00. Following the sale, the chief operating officer owned 61,422 shares in the company, valued at $1,781,238. This trade represents a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Rivkah Goldriech sold 1,375 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $29.50, for a total transaction of $40,562.50. Following the completion of the transaction, the insider directly owned 60,741 shares in the company, valued at $1,791,859.50. This trade represents a 2.21% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 5,236 shares of company stock worth $154,782. Company insiders own 21.58% of the company’s stock.

Institutional Trading of Radware

Institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its stake in Radware by 3,178.4% in the 4th quarter. Farther Finance Advisors LLC now owns 1,213 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 1,176 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Radware by 48.8% during the first quarter. Parallel Advisors LLC now owns 1,140 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 374 shares in the last quarter. Simplex Trading LLC grew its position in shares of Radware by 51.4% during the fourth 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 in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its holdings in shares of Radware by 47.8% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,700 shares of the information technology services provider’s stock worth $41,000 after purchasing an additional 550 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new stake in shares of Radware in the fourth quarter worth about $49,000. 73.12% of the stock is currently owned by institutional investors.

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.