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

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 value of $90,219.00. Following the transaction, the chief operating officer owned 61,422 shares in the company, valued at approximately $1,781,238. This represents a 4.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Radware Trading Down 0.7%

Shares of RDWR traded down $0.20 during midday trading on Monday, reaching $27.28. 259,918 shares of the company were exchanged, compared to its average volume of 266,329. The stock has a 50-day moving average price of $25.67 and a 200-day moving average price of $24.77. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 63.44 and a beta of 0.81. Radware Ltd. has a 1-year low of $21.68 and a 1-year high of $31.57.

Radware (NASDAQ:RDWR) last issued its quarterly earnings data on Tuesday, March 31st. The information technology services provider reported $0.30 EPS 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 initiated a share buyback program on Friday, February 13th that allows the company to buyback $80.00 million in outstanding shares. This buyback authorization allows the information technology services provider to purchase up to 7.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wall Street Zen raised Radware from a “hold” rating to a “buy” rating in a report on Saturday, April 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of Radware in a report on Thursday. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Radware in a report on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Radware currently has an average rating of “Hold” and a consensus target price of $30.00.

Institutional Investors Weigh In On Radware

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC lifted its position 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 valued at $30,000 after acquiring an additional 374 shares during the last quarter. Simplex Trading LLC increased its stake 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 worth $37,000 after acquiring an additional 524 shares during the last quarter. Squarepoint Ops LLC increased its stake in shares of Radware by 4.5% in the third quarter. Squarepoint Ops LLC now owns 12,308 shares of the information technology services provider’s stock worth $326,000 after acquiring an additional 527 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in Radware by 47.8% during the fourth 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 last quarter. Finally, Legato Capital Management LLC increased its position in 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 worth $202,000 after buying an additional 672 shares during the last quarter. Institutional investors and hedge funds 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.