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

Radware Ltd. (NASDAQ:RDWR) COO Gabriel Malka sold 3,111 shares of the firm’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 completion of the transaction, the chief operating officer directly owned 61,422 shares in the company, valued at $1,781,238. The trade was a 4.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Radware Stock Down 2.0%

Radware stock opened at $26.79 on Wednesday. The business has a 50-day simple moving average of $25.91 and a two-hundred day simple moving average of $24.80. The company has a market cap of $1.13 billion, a P/E ratio of 62.30 and a beta of 0.81. Radware Ltd. has a 52-week low of $21.68 and a 52-week 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 earnings per share for the quarter. The firm had revenue of $79.81 million for the quarter. Radware had a net margin of 6.28% and a return on equity of 7.69%.

Radware announced that its Board of Directors has approved a share buyback plan on Friday, February 13th that allows the company to buyback $80.00 million in 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 plans are typically an indication that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RDWR. Parallel Advisors LLC increased its stake in Radware by 48.8% in the 1st quarter. Parallel Advisors LLC now owns 1,140 shares of the information technology services provider’s stock worth $30,000 after buying an additional 374 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Radware by 3,178.4% in the fourth quarter. Farther Finance Advisors LLC now owns 1,213 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 1,176 shares in the last quarter. Simplex Trading LLC lifted its position 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 valued at $37,000 after acquiring an additional 524 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its stake 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 worth $41,000 after acquiring an additional 550 shares during the period. Finally, Global Retirement Partners LLC purchased a new stake in shares of Radware during the fourth quarter worth about $49,000. Institutional investors own 73.12% of the company’s stock.

Wall Street Analysts Forecast Growth

RDWR has been the subject of a number of recent research reports. Needham & Company LLC reissued a “hold” rating on shares of Radware in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Radware in a report on Friday, March 27th. Finally, Wall Street Zen upgraded Radware from a “hold” rating to a “buy” rating in a research report on Saturday, April 4th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $30.00.

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.