Insider Selling: Radware (NASDAQ:RDWR) COO Sells $563,460.03 in Stock

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

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

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

Radware Stock Down 8.5%

Shares of RDWR opened at $30.18 on Friday. Radware Ltd. has a 12-month low of $21.68 and a 12-month high of $38.50. The stock has a market cap of $1.27 billion, a P/E ratio of 60.00 and a beta of 0.84. The business’s fifty day moving average is $30.16 and its 200 day moving average is $27.89.

Radware (NASDAQ:RDWR) last posted its earnings results 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. Radware had a net margin of 4.26% and a return on equity of 6.64%. The company had revenue of $84.36 million during the quarter, compared to the consensus estimate of $83.02 million. During the same period in the previous year, the firm posted $0.28 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Weiss Ratings upgraded shares of Radware from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 13th. Jefferies Financial Group restated a “hold” rating and issued a $40.00 price objective on shares of Radware in a research report on Wednesday, October 28th. Finally, Wall Street Zen upgraded Radware from a “hold” rating to a “buy” rating in a research report on Tuesday, October 13th. Three analysts have rated the stock with a Hold rating. According to MarketBeat.com, Radware has an average rating of “Hold” and an average price target of $40.00.

Institutional Investors Weigh In On Radware

Several institutional investors and hedge funds have recently bought and sold shares of RDWR. Integrated Wealth Concepts LLC purchased a new position in shares of Radware in the 2nd quarter valued at approximately $27,000. Parallel Advisors LLC increased its stake in Radware by 48.8% during 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 in the last quarter. Pacer Advisors Inc. increased its holdings 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 worth $142,000 after purchasing an additional 1,179 shares in the last quarter. Simplex Trading LLC raised its position in Radware by 6,204.8% in the 3rd quarter. Simplex Trading LLC now owns 6,620 shares of the information technology services provider’s stock worth $197,000 after buying an additional 6,515 shares during the last quarter. Finally, Eagle Harbor Asset Management Inc. ADV raised its holdings in shares of Radware by 10.5% during the third 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 purchasing an additional 921 shares during the last quarter. Hedge funds and other institutional investors own 73.12% of the company’s stock.

Radware Company Profile

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.