Gabriel Malka Sells 6,500 Shares of Radware (NASDAQ:RDWR) Stock

Radware Ltd. (NASDAQ:RDWR) COO Gabriel Malka sold 6,500 shares of Radware stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $30.00, for a total value of $195,000.00. Following the transaction, the chief operating officer directly owned 47,922 shares of the company’s stock, valued at $1,437,660. This trade represents a 11.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Radware Trading Down 3.3%

Shares of NASDAQ RDWR opened at $27.93 on Wednesday. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 73.50 and a beta of 0.85. Radware Ltd. has a 52 week low of $21.68 and a 52 week high of $32.79. The company’s 50-day moving average price is $28.96 and its 200 day moving average price is $27.49.

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

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reiterated a “hold” rating on shares of Radware in a report on Thursday, May 7th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $25.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its stake in shares of Radware by 47.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 46,506 shares of the information technology services provider’s stock worth $1,368,000 after purchasing an additional 14,980 shares during the last quarter. Jump Financial LLC lifted its stake in shares of Radware by 126.5% during the second quarter. Jump Financial LLC now owns 40,998 shares of the information technology services provider’s stock valued at $1,207,000 after buying an additional 22,898 shares during the period. Sei Investments Co. lifted its stake in shares of Radware by 23.5% during the second quarter. Sei Investments Co. now owns 91,954 shares of the information technology services provider’s stock valued at $2,707,000 after buying an additional 17,501 shares during the period. California State Teachers Retirement System boosted its position in Radware by 3.5% during the second quarter. California State Teachers Retirement System now owns 35,327 shares of the information technology services provider’s stock worth $1,040,000 after acquiring an additional 1,190 shares during the last quarter. Finally, PDT Partners LLC boosted its position in Radware by 27.1% during the second quarter. PDT Partners LLC now owns 62,897 shares of the information technology services provider’s stock worth $1,852,000 after acquiring an additional 13,402 shares during the last quarter. 73.12% of the stock is currently owned by hedge funds and other institutional investors.

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.