Gabriel Malka Sells 3,111 Shares of Radware (NASDAQ:RDWR) Stock

Radware Ltd. (NASDAQ:RDWR) COO Gabriel Malka sold 3,111 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $29.00, for a total transaction of $90,219.00. Following the sale, the chief operating officer owned 61,422 shares in the company, valued at $1,781,238. This trade represents a 4.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Radware Stock Down 0.7%

NASDAQ:RDWR traded down $0.20 on Monday, reaching $27.28. 259,918 shares of the company’s stock were exchanged, compared to its average volume of 266,329. The business has a fifty day moving average of $25.67 and a 200-day moving average of $24.77. Radware Ltd. has a 52-week low of $21.68 and a 52-week high of $31.57. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 63.44 and a beta of 0.81.

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

Radware announced that its Board of Directors has authorized a stock buyback program on Friday, February 13th that authorizes the company to buyback $80.00 million in outstanding shares. This buyback authorization authorizes the information technology services provider to buy up to 7.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Radware

Hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC increased its position in Radware by 48.8% during the first quarter. Parallel Advisors LLC now owns 1,140 shares of the information technology services provider’s stock worth $30,000 after buying an additional 374 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Radware by 3,178.4% in 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 during the period. Simplex Trading LLC grew its position in shares of Radware by 51.4% in 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 during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA grew 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 valued at $41,000 after purchasing an additional 550 shares during the period. Finally, Global Retirement Partners LLC acquired a new position in Radware in the fourth quarter valued at $49,000. Hedge funds and other institutional investors own 73.12% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on RDWR. Needham & Company LLC reiterated a “hold” rating on shares of Radware in a report on Thursday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Radware in a research report on Friday, March 27th. Finally, Wall Street Zen raised Radware from a “hold” rating to a “buy” rating in a research report on Saturday, April 4th. Two analysts have 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 data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.