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 that occurred on Thursday, July 9th. The stock was sold at an average price of $32.00, for a total value of $24,000.00. Following the completion of the sale, the insider directly owned 59,991 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is available at this link.

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

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

Radware Stock Performance

Shares of Radware stock opened at $31.45 on Monday. The stock has a fifty day simple moving average of $28.86 and a 200 day simple moving average of $26.43. Radware Ltd. has a 12-month low of $21.68 and a 12-month high of $32.79. The company has a market capitalization of $1.32 billion, a P/E ratio of 73.14 and a beta of 0.84.

Radware (NASDAQ:RDWR) last posted its quarterly earnings data on Tuesday, March 31st. The information technology services provider reported $0.30 earnings per share (EPS) for the quarter. Radware had a net margin of 6.28% and a return on equity of 7.69%. The firm had revenue of $79.81 million for the quarter.

Hedge Funds Weigh In On Radware

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hennion & Walsh Asset Management Inc. purchased a new stake in Radware during the fourth quarter worth about $503,000. Rice Hall James & Associates LLC boosted 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. Robertson Stephens Wealth Management LLC bought a new position in shares of Radware during the 4th quarter valued at approximately $709,000. Global Retirement Partners LLC bought a new position in shares of Radware during the 4th quarter valued at approximately $49,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its stake in shares of Radware by 47.8% during the 4th 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 last quarter. 73.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RDWR has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of Radware from a “hold” rating to a “buy” rating in a research report on Saturday, April 4th. Needham & Company LLC restated a “hold” rating on shares of Radware in a research note on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Radware in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $30.00.

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.