Insider Selling: Radware (NASDAQ:RDWR) COO Sells $195,000.00 in Stock

Radware Ltd. (NASDAQ:RDWR) COO Gabriel Malka sold 6,500 shares of Radware stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $30.00, for a total transaction of $195,000.00. Following the completion of the transaction, the chief operating officer owned 47,922 shares in the company, valued at approximately $1,437,660. This trade represents a 11.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Radware Price Performance

Shares of NASDAQ RDWR opened at $28.60 on Monday. The stock has a market capitalization of $1.20 billion, a PE ratio of 75.27 and a beta of 0.85. The firm has a fifty day moving average of $28.94 and a 200-day moving average of $27.47. Radware Ltd. has a 52-week low of $21.68 and a 52-week high of $32.79.

Radware (NASDAQ:RDWR) last issued its earnings results on Tuesday, June 30th. The information technology services provider reported $0.30 earnings per share for the quarter. Radware had a return on equity of 7.47% and a net margin of 5.34%.The firm had revenue of $82.28 million for the quarter.

Analyst Ratings Changes

Separately, Needham & Company LLC reiterated a “hold” rating on shares of Radware in a 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $25.00.

Hedge Funds Weigh In On Radware

Hedge funds have recently made changes to their positions in the business. Robertson Stephens Wealth Management LLC acquired a new position in Radware during the 4th quarter worth approximately $709,000. Rice Hall James & Associates LLC grew its position 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 in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Radware by 87.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 54,630 shares of the information technology services provider’s stock valued at $1,686,000 after acquiring an additional 25,499 shares in the last quarter. Legato Capital Management LLC raised its stake in shares of Radware by 8.7% during the fourth quarter. Legato Capital Management LLC now owns 8,403 shares of the information technology services provider’s stock valued at $202,000 after purchasing an additional 672 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of Radware by 3,178.4% during 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. Hedge funds and other institutional investors own 73.12% of the company’s stock.

About Radware

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.