Radware (NASDAQ:RDWR) Shares Cross Above 200 Day Moving Average – Time to Sell?

Radware Ltd. (NASDAQ:RDWR)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.45 and traded as high as $30.17. Radware shares last traded at $29.57, with a volume of 396,410 shares changing hands.

Analysts Set New Price Targets

Separately, Needham & Company LLC reissued a “hold” rating on shares of Radware in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $25.00.

Radware Stock Down 3.3%

The stock has a market capitalization of $1.20 billion, a P/E ratio of 75.27 and a beta of 0.85. The stock has a 50 day simple moving average of $28.94 and a two-hundred day simple moving average of $27.45.

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

Insider Buying and Selling

In other news, CFO Guy Avidan purchased 2,000 shares of the business’s stock in a transaction on Friday, July 31st. The stock was purchased at an average price of $25.21 per share, for a total transaction of $50,420.00. Following the completion of the purchase, the chief financial officer directly owned 95,800 shares in the company, valued at $2,415,118. The trade was a 2.13% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 21.58% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Radware

Institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC lifted its stake 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 purchasing an additional 1,176 shares during the last quarter. Parallel Advisors LLC raised its stake in Radware by 48.8% in the first quarter. Parallel Advisors LLC now owns 1,140 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 374 shares during the period. Simplex Trading LLC raised its stake in 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 buying an additional 524 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted 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 buying an additional 550 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in shares of Radware in the fourth quarter valued at approximately $49,000. 73.12% of the stock is owned by institutional investors.

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.