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

Radware Ltd. (NASDAQ:RDWR) COO Gabriel Malka sold 3,111 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $29.00, for a total transaction of $90,219.00. Following the transaction, the chief operating officer directly owned 61,422 shares in the company, valued at approximately $1,781,238. The trade was a 4.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Radware Trading Down 0.5%

RDWR stock opened at $27.34 on Tuesday. The firm’s 50-day moving average is $25.84 and its two-hundred day moving average is $24.79. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 63.58 and a beta of 0.81. Radware Ltd. has a 52 week low of $21.68 and a 52 week high of $31.57.

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 business had revenue of $79.81 million during the quarter.

Radware announced that its board has authorized a share repurchase program on Friday, February 13th that permits the company to repurchase $80.00 million in shares. This repurchase authorization permits the information technology services provider to purchase up to 7.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Radware

Hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC lifted its holdings in shares of Radware by 48.8% during the first quarter. Parallel Advisors LLC now owns 1,140 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 374 shares during the last quarter. Simplex Trading LLC increased its stake in Radware by 51.4% in the 4th quarter. Simplex Trading LLC now owns 1,544 shares of the information technology services provider’s stock worth $37,000 after purchasing an additional 524 shares in the last quarter. Squarepoint Ops LLC increased its stake in Radware by 4.5% in the 3rd quarter. Squarepoint Ops LLC now owns 12,308 shares of the information technology services provider’s stock worth $326,000 after purchasing an additional 527 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in 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 buying an additional 550 shares during the period. Finally, Legato Capital Management LLC raised its holdings in Radware by 8.7% during the 4th quarter. Legato Capital Management LLC now owns 8,403 shares of the information technology services provider’s stock worth $202,000 after buying an additional 672 shares during the period. 73.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RDWR has been the topic of a number of research reports. Wall Street Zen raised Radware from a “hold” rating to a “buy” rating in a research note on Saturday, April 4th. Needham & Company LLC reaffirmed 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. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average 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.