Key Points
- Radware COO Gabriel Malka sold 3,111 shares on May 8 at an average price of $29.00, generating about $90,219. After the sale, he still held 61,422 shares worth roughly $1.78 million.
- Radware recently reported quarterly EPS of $0.30 on revenue of $79.81 million, with a return on equity of 7.69% and a net margin of 6.28%.
- The company’s board also authorized an $80 million share repurchase program, while analysts currently hold a consensus “Hold” rating with a target price of $30.00.
Radware Ltd. (NASDAQ:RDWR - Get Free Report) COO Gabriel Malka sold 3,111 shares of the company's stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $29.00, for a total transaction of $90,219.00. Following the completion of the sale, the chief operating officer owned 61,422 shares of the company's stock, valued at approximately $1,781,238. This trade represents a 4.82% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Radware Stock Performance
NASDAQ RDWR opened at $27.34 on Tuesday. Radware Ltd. has a twelve month low of $21.68 and a twelve month high of $31.57. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 63.58 and a beta of 0.81. The firm's 50 day moving average price is $25.84 and its two-hundred day moving average price is $24.79.
Radware (NASDAQ:RDWR - Get Free Report) 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 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%.
Radware announced that its Board of Directors has initiated a stock repurchase program on Friday, February 13th that allows the company to repurchase $80.00 million in shares. This repurchase authorization allows the information technology services provider to purchase up to 7.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. Wall Street Zen raised Radware from a "hold" rating to a "buy" rating in a research note on Saturday, April 4th. Weiss Ratings reissued a "sell (d+)" rating on shares of Radware in a research report on Friday, March 27th. Finally, Needham & Company LLC restated a "hold" rating on shares of Radware in a report on Thursday, May 7th. Two equities 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $30.00.
Get Our Latest Stock Analysis on Radware
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Artisan Partners Limited Partnership lifted its holdings in shares of Radware by 16.0% during the 3rd quarter. Artisan Partners Limited Partnership now owns 3,130,252 shares of the information technology services provider's stock valued at $82,920,000 after buying an additional 431,572 shares during the last quarter. Morgan Stanley increased its holdings in Radware by 28.9% in the fourth quarter. Morgan Stanley now owns 2,619,687 shares of the information technology services provider's stock worth $63,108,000 after buying an additional 588,064 shares during the last quarter. First Trust Advisors LP raised its position in Radware by 28.7% during the fourth quarter. First Trust Advisors LP now owns 1,562,396 shares of the information technology services provider's stock valued at $37,638,000 after acquiring an additional 348,824 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Radware by 1.6% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,538,854 shares of the information technology services provider's stock valued at $40,769,000 after acquiring an additional 24,363 shares in the last quarter. Finally, Rice Hall James & Associates LLC lifted its stake in Radware by 3.4% in the fourth quarter. Rice Hall James & Associates LLC now owns 667,059 shares of the information technology services provider's stock valued at $16,069,000 after acquiring an additional 21,928 shares during the last quarter. 73.12% of the stock is owned by institutional investors and hedge funds.
Radware Company Profile
(
Get Free Report)
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.
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