Radware (NASDAQ:RDWR) Insider Sells $40,562.50 in Stock

Radware Ltd. (NASDAQ:RDWR) insider Rivkah Goldriech sold 1,375 shares of the firm’s stock in a transaction 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 transaction, the insider owned 60,741 shares of the company’s stock, valued at approximately $1,791,859.50. This represents a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Radware Trading Up 3.2%

NASDAQ:RDWR opened at $30.34 on Friday. The firm has a market cap of $1.28 billion, a PE ratio of 70.56 and a beta of 0.81. The stock has a fifty day moving average price of $26.94 and a 200 day moving average price of $25.13. Radware Ltd. has a 12-month low of $21.68 and a 12-month high of $31.57.

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

Radware declared that its board has initiated a share buyback plan on Friday, February 13th that authorizes the company to repurchase $80.00 million in shares. This repurchase authorization authorizes the information technology services provider to repurchase up to 7.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Institutional Trading of Radware

A number of hedge funds and other institutional investors have recently made changes to their positions in RDWR. Farther Finance Advisors LLC increased its position in shares of Radware by 3,178.4% during the fourth 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 increased 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 worth $30,000 after purchasing an additional 374 shares in the last quarter. Simplex Trading LLC increased 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 worth $37,000 after purchasing an additional 524 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in shares of Radware by 47.8% during 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 in the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in shares of Radware during the fourth quarter worth about $49,000. Institutional investors and hedge funds own 73.12% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on RDWR shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Radware in a report on Friday, March 27th. Needham & Company LLC reiterated a “hold” rating on shares of Radware in a report on Thursday, May 7th. Finally, Wall Street Zen upgraded Radware from a “hold” rating to a “buy” rating in a report on Saturday, April 4th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $30.00.

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.