Radware Ltd. (NASDAQ:RDWR - Get Free Report) COO Gabriel Malka sold 6,500 shares of the firm's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $30.00, for a total value of $195,000.00. Following the transaction, the chief operating officer owned 47,922 shares in the company, valued at $1,437,660. The trade was a 11.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Radware Price Performance
NASDAQ:RDWR opened at $28.88 on Tuesday. The firm has a market cap of $1.22 billion, a PE ratio of 76.00 and a beta of 0.85. The company has a 50-day moving average of $28.97 and a 200 day moving average of $27.49. Radware Ltd. has a 1-year low of $21.68 and a 1-year high of $32.79.
Radware (NASDAQ:RDWR - Get Free Report) last posted its quarterly earnings results on Tuesday, June 30th. The information technology services provider reported $0.30 EPS for the quarter. The business had revenue of $82.28 million during the quarter. Radware had a net margin of 5.34% and a return on equity of 7.47%.
Analyst Ratings Changes
Separately, Needham & Company LLC reaffirmed a "hold" rating on shares of Radware in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Radware presently has an average rating of "Reduce" and a consensus target price of $25.00.
Check Out Our Latest Stock Report on Radware
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC lifted its holdings in shares of Radware by 48.8% in the 1st quarter. Parallel Advisors LLC now owns 1,140 shares of the information technology services provider's stock valued at $30,000 after buying an additional 374 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Radware by 3,178.4% during the 4th quarter. Farther Finance Advisors LLC now owns 1,213 shares of the information technology services provider's stock worth $29,000 after buying an additional 1,176 shares during the period. Simplex Trading LLC raised its position 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 worth $37,000 after acquiring an additional 524 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in Radware by 47.8% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,700 shares of the information technology services provider's stock valued at $41,000 after buying an additional 550 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in shares of Radware in the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 73.12% of the company's stock.
About Radware
(
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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