Radware (NASDAQ:RDWR) Insider Sells $24,000.00 in Stock

Radware Ltd. (NASDAQ:RDWR) insider Rivkah Goldriech sold 750 shares of the stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $32.00, for a total value of $24,000.00. Following the transaction, the insider owned 59,991 shares in the company, valued at $1,919,712. This trade represents a 1.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Rivkah Goldriech also recently made the following trade(s):

• On Friday, May 22nd, Rivkah Goldriech sold 1,375 shares of Radware stock. The stock was sold at an average price of $29.50, for a total transaction of $40,562.50.

Radware Stock Down 2.8%

Shares of NASDAQ:RDWR opened at $30.31 on Thursday. The stock has a market cap of $1.28 billion, a PE ratio of 70.49 and a beta of 0.84. The company’s fifty day moving average is $29.08 and its 200 day moving average is $26.57. Radware Ltd. has a 52 week low of $21.68 and a 52 week high of $32.79.

Radware (NASDAQ:RDWR) last released its earnings results on Tuesday, March 31st. The information technology services provider reported $0.30 earnings per share for the quarter. The company 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%.

Wall Street Analyst Weigh In

RDWR has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Radware in a research report on Friday, March 27th. Wall Street Zen upgraded Radware from a “hold” rating to a “buy” rating in a report on Saturday, April 4th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Radware in a research report on Thursday, May 7th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Radware presently has an average rating of “Hold” and an average target price of $30.00.

Institutional Trading of Radware

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC grew its stake in shares of 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 acquiring an additional 374 shares during the period. Farther Finance Advisors LLC lifted its holdings in 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 valued at $29,000 after purchasing an additional 1,176 shares in the last quarter. Simplex Trading LLC lifted its holdings in 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 boosted its position 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 period. Finally, Global Retirement Partners LLC purchased a new stake in shares of Radware in the fourth quarter worth $49,000. Hedge funds and other institutional investors own 73.12% of the company’s stock.

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.