Radware (NASDAQ:RDWR) Insider Rivkah Goldriech Sells 4,125 Shares of Company Stock

Radware Ltd. (NASDAQ:RDWR) insider Rivkah Goldriech sold 4,125 shares of the business’s stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $36.00, for a total value of $148,500.00. Following the completion of the sale, the insider directly owned 39,789 shares in the company, valued at approximately $1,432,404. This represents a 9.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Rivkah Goldriech also recently made the following trade(s):

• On Tuesday, October 27th, Rivkah Goldriech sold 24,277 shares of Radware stock. The shares were sold at an average price of $34.66, for a total value of $841,440.82.

Radware Trading Down 3.0%

Shares of NASDAQ:RDWR traded down $1.11 during trading on Thursday, hitting $36.05. 64,772 shares of the company’s stock were exchanged, compared to its average volume of 276,596. Radware Ltd. has a 1-year low of $21.68 and a 1-year high of $38.50. The firm has a market cap of $1.52 billion, a P/E ratio of 95.06 and a beta of 0.86. The firm has a 50-day moving average price of $29.46 and a two-hundred day moving average price of $27.61.

Radware (NASDAQ:RDWR) last issued its quarterly earnings data on Wednesday, October 28th. The information technology services provider reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. Radware had a net margin of 5.34% and a return on equity of 7.47%. The firm had revenue of $84.36 million during the quarter, compared to analysts’ expectations of $83.02 million. During the same quarter in the previous year, the company earned $0.28 earnings per share. The business’s revenue for the quarter was up 12.0% on a year-over-year basis.

Analysts Set New Price Targets

A number of equities analysts recently commented on RDWR shares. Weiss Ratings raised shares of Radware from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 13th. Jefferies Financial Group reissued a “hold” rating and set a $40.00 target price on shares of Radware in a report on Wednesday. Finally, Wall Street Zen upgraded Radware from a “hold” rating to a “buy” rating in a research report on Tuesday, October 13th. Three investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $40.00.

Institutional Trading of Radware

Institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio purchased a new stake in shares of Radware in the 2nd quarter valued at about $2,057,000. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Radware by 87.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 54,630 shares of the information technology services provider’s stock worth $1,686,000 after acquiring an additional 25,499 shares during the last quarter. State of Wyoming boosted its position in Radware by 78.1% during the third quarter. State of Wyoming now owns 17,275 shares of the information technology services provider’s stock valued at $515,000 after buying an additional 7,577 shares during the period. Eagle Harbor Asset Management Inc. ADV boosted its holdings in Radware by 10.5% during the 3rd quarter. Eagle Harbor Asset Management Inc. ADV now owns 9,729 shares of the information technology services provider’s stock valued at $290,000 after acquiring an additional 921 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Radware during the second quarter valued at approximately $27,000. Hedge funds and other institutional investors own 73.12% of the company’s stock.

Radware Company Profile

Radware Ltd. (NASDAQ: RDWR) is a global provider of cybersecurity and application delivery solutions. The company helps organizations protect digital applications, networks and cloud environments from cyberattacks while maintaining the availability and performance of online services.

Its portfolio includes distributed denial-of-service (DDoS) protection, web application and API security, bot management, cloud security services, and network behavior analysis. Radware also offers application delivery controllers, load balancing and related traffic-management technologies designed to improve the reliability, scalability and performance of business-critical applications.

Founded in 1996, Radware serves enterprises, telecommunications providers, cloud service providers and other organizations worldwide through a combination of on-premises, cloud-based and hybrid solutions.