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

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

Radware Price Performance

NASDAQ:RDWR opened at $29.39 on Friday. The business has a 50 day moving average of $26.83 and a 200 day moving average of $25.09. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 68.35 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 released its earnings results on Tuesday, March 31st. The information technology services provider reported $0.30 earnings per share for the quarter. The company had revenue of $79.81 million during the quarter. Radware had a return on equity of 7.69% and a net margin of 6.28%.

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Needham & Company LLC reissued a “hold” rating on shares of Radware in a research note on Thursday, May 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Radware in a research note on Friday, March 27th. Finally, Wall Street Zen raised shares of Radware from a “hold” rating to a “buy” rating in a research note on Saturday, April 4th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.00.

Institutional Trading of Radware

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley raised its stake in shares of Radware by 28.9% during the fourth quarter. Morgan Stanley now owns 2,619,687 shares of the information technology services provider’s stock valued at $63,108,000 after acquiring an additional 588,064 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in shares of Radware by 16.0% during the third quarter. Artisan Partners Limited Partnership now owns 3,130,252 shares of the information technology services provider’s stock valued at $82,920,000 after acquiring an additional 431,572 shares during the last quarter. Defiance ETFs LLC bought a new position in shares of Radware during the fourth quarter valued at about $9,152,000. First Trust Advisors LP raised its stake in shares of Radware by 28.7% during the fourth quarter. First Trust Advisors LP now owns 1,562,396 shares of the information technology services provider’s stock valued at $37,638,000 after acquiring an additional 348,824 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Radware by 908.4% during the fourth quarter. Deutsche Bank AG now owns 302,478 shares of the information technology services provider’s stock valued at $7,287,000 after acquiring an additional 272,481 shares during the last quarter. Institutional investors own 73.12% of the company’s stock.

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.