Radware (NASDAQ:RDWR) COO Sells $195,000.00 in Stock

Radware Ltd. (NASDAQ:RDWR) COO Gabriel Malka sold 6,500 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $30.00, for a total transaction of $195,000.00. Following the sale, the chief operating officer directly owned 47,922 shares in the company, valued at $1,437,660. The trade was a 11.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Radware Price Performance

Radware stock opened at $27.80 on Thursday. The firm has a market capitalization of $1.17 billion, a P/E ratio of 73.16 and a beta of 0.85. Radware Ltd. has a one year low of $21.68 and a one year high of $32.79. The business has a fifty day moving average price of $28.96 and a 200-day moving average price of $27.50.

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

Hedge Funds Weigh In On Radware

A number of hedge funds and other institutional investors have recently bought and sold shares of RDWR. California State Teachers Retirement System raised its position in shares of Radware by 2,986.0% during the 2nd quarter. California State Teachers Retirement System now owns 1,123,427 shares of the information technology services provider’s stock valued at $36,404,000 after buying an additional 1,087,023 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Radware in the second quarter worth $2,057,000. Handelsbanken Fonder AB increased its stake in Radware by 3.7% in the second quarter. Handelsbanken Fonder AB now owns 19,500 shares of the information technology services provider’s stock valued at $602,000 after acquiring an additional 700 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Radware by 87.5% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 54,630 shares of the information technology services provider’s stock valued at $1,686,000 after purchasing an additional 25,499 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in Radware by 27.9% during the first quarter. Pacer Advisors Inc. now owns 5,409 shares of the information technology services provider’s stock valued at $142,000 after purchasing an additional 1,179 shares in the last quarter. Hedge funds and other institutional investors own 73.12% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC restated a “hold” rating on shares of Radware in a research report on Thursday, May 7th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Radware currently has a consensus rating of “Reduce” and a consensus target price of $25.00.

Radware Company Profile

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.