Radware (NASDAQ:RDWR) Insider Rivkah Goldriech Sells 1,375 Shares

Radware Ltd. (NASDAQ:RDWR) insider Rivkah Goldriech sold 1,375 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $29.50, for a total value of $40,562.50. Following the sale, the insider directly owned 60,741 shares of the company’s stock, valued at $1,791,859.50. This trade represents a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Radware Price Performance

RDWR opened at $29.90 on Wednesday. Radware Ltd. has a fifty-two week low of $21.68 and a fifty-two week high of $31.57. The business has a 50-day moving average of $26.67 and a 200-day moving average of $25.01. The company has a market capitalization of $1.26 billion, a PE ratio of 69.54 and a beta of 0.81.

Radware (NASDAQ:RDWR) last posted 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 during the quarter.

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

Institutional Trading of Radware

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC grew its holdings in Radware by 3,178.4% in the 4th quarter. Farther Finance Advisors LLC now owns 1,213 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 1,176 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Radware by 48.8% during the 1st quarter. Parallel Advisors LLC now owns 1,140 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 374 shares in the last quarter. Simplex Trading LLC grew its holdings in shares of Radware by 51.4% during 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. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings 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 in the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in shares of Radware during the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 73.12% of the company’s stock.

Wall Street Analysts Forecast Growth

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