Radware (NASDAQ:RDWR) Stock: Insider Yair Tauman Sells 1,919 Shares

Radware Ltd. (NASDAQ:RDWR) Director Yair Tauman sold 1,919 shares of Radware stock in a transaction on Friday, October 30th. The stock was sold at an average price of $36.05, for a total transaction of $69,179.95. Following the sale, the director directly owned 15,000 shares in the company, valued at $540,750. This trade represents a 11.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Radware Price Performance

Shares of RDWR stock opened at $33.60 on Wednesday. Radware Ltd. has a 12 month low of $21.68 and a 12 month high of $38.50. The firm has a market capitalization of $1.41 billion, a P/E ratio of 59.35 and a beta of 0.84. The company’s fifty day moving average price is $30.02 and its two-hundred day moving average price is $27.81.

Radware (NASDAQ:RDWR) last posted its quarterly earnings data on Wednesday, October 28th. The information technology services provider reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. The company had revenue of $84.36 million during the quarter, compared to analysts’ expectations of $83.02 million. Radware had a net margin of 4.26% and a return on equity of 6.64%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 EPS.

Institutional Investors Weigh In On Radware

A number of institutional investors have recently modified their holdings of the stock. CenterBook Partners LP bought a new stake in Radware in the third quarter valued at about $406,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Radware during the third quarter valued at approximately $639,000. State of Wyoming raised its stake in Radware by 78.1% during the third quarter. State of Wyoming now owns 17,275 shares of the information technology services provider’s stock valued at $515,000 after buying an additional 7,577 shares in the last quarter. Eagle Harbor Asset Management Inc. ADV raised its stake in 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 buying an additional 921 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in Radware during the 2nd quarter worth approximately $27,000. Institutional investors and hedge funds own 73.12% of the company’s stock.

Analysts Set New Price Targets

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

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.