Radware (NASDAQ:RDWR) COO Sells 16,461 Shares of Stock

Radware Ltd. (NASDAQ:RDWR) COO Gabriel Malka sold 16,461 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $34.23, for a total value of $563,460.03. Following the completion of the transaction, the chief operating officer directly owned 42,461 shares of the company’s stock, valued at approximately $1,453,440.03. This trade represents a 27.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Gabriel Malka also recently made the following trade(s):

• On Thursday, August 27th, Gabriel Malka sold 6,500 shares of Radware stock. The stock was sold at an average price of $30.00, for a total value of $195,000.00.

Radware Price Performance

RDWR stock traded up $0.13 during trading on Tuesday, hitting $32.77. 50,819 shares of the company traded hands, compared to its average volume of 282,797. Radware Ltd. has a 1 year low of $21.68 and a 1 year high of $38.50. The company has a market cap of $1.38 billion, a PE ratio of 105.71 and a beta of 0.86. The stock’s 50-day simple moving average is $29.90 and its 200 day simple moving average is $27.77.

Radware (NASDAQ:RDWR) last released its quarterly earnings data on Wednesday, October 28th. The information technology services provider reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. The business had revenue of $84.36 million for the quarter, compared to analyst estimates of $83.02 million. Radware had a return on equity of 6.57% and a net margin of 4.26%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 EPS.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Wall Street Zen upgraded shares of Radware from a “hold” rating to a “buy” rating in a research report on Tuesday, October 13th. Jefferies Financial Group reissued a “hold” rating and set a $40.00 target price on shares of Radware in a research note on Wednesday, October 28th. Finally, Weiss Ratings upgraded Radware from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 13th. Three research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $40.00.

Institutional Investors Weigh In On Radware

Hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC purchased a new position in Radware during the second quarter worth about $27,000. Parallel Advisors LLC boosted its holdings in Radware by 48.8% in the 1st 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 during the last quarter. Pacer Advisors Inc. grew its stake in shares of Radware by 27.9% in the 1st quarter. Pacer Advisors Inc. now owns 5,409 shares of the information technology services provider’s stock valued at $142,000 after buying an additional 1,179 shares during the period. Eagle Harbor Asset Management Inc. ADV grew its stake in shares of Radware by 10.5% in the 3rd quarter. Eagle Harbor Asset Management Inc. ADV now owns 9,729 shares of the information technology services provider’s stock valued at $290,000 after buying an additional 921 shares during the period. Finally, CenterBook Partners LP acquired a new stake in shares of Radware during the 3rd quarter worth approximately $406,000. 73.12% of the stock is currently owned by institutional investors and hedge funds.

About Radware

Radware Ltd. (NASDAQ: RDWR) is a global provider of cybersecurity and application delivery solutions. The company helps organizations protect digital applications, networks and cloud environments from cyberattacks while maintaining the availability and performance of online services.

Its portfolio includes distributed denial-of-service (DDoS) protection, web application and API security, bot management, cloud security services, and network behavior analysis. Radware also offers application delivery controllers, load balancing and related traffic-management technologies designed to improve the reliability, scalability and performance of business-critical applications.

Founded in 1996, Radware serves enterprises, telecommunications providers, cloud service providers and other organizations worldwide through a combination of on-premises, cloud-based and hybrid solutions.