Radware (NASDAQ:RDWR) Stock: Insider Yair Tauman Sells 1,919 Shares

Radware Ltd. (NASDAQ:RDWR) Director Yair Tauman sold 1,919 shares of the firm’s stock in a transaction on Friday, October 30th. The stock was sold at an average price of $36.05, for a total value of $69,179.95. Following the sale, the director directly owned 15,000 shares of the company’s stock, valued at approximately $540,750. This represents a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Radware Stock Performance

Shares of NASDAQ:RDWR traded down $0.71 during midday trading on Monday, reaching $33.87. The company had a trading volume of 176,631 shares, compared to its average volume of 282,416. The company has a fifty day simple moving average of $29.80 and a two-hundred day simple moving average of $27.72. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 109.23 and a beta of 0.86. Radware Ltd. has a 1-year low of $21.68 and a 1-year high of $38.50.

Radware (NASDAQ:RDWR) last posted its quarterly earnings data on Wednesday, October 28th. The information technology services provider reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. Radware had a return on equity of 6.64% and a net margin of 4.26%. The firm had revenue of $84.36 million for the quarter, compared to the consensus estimate of $83.02 million. During the same quarter in the previous year, the company earned $0.28 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Weiss Ratings upgraded shares of Radware from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 13th. Jefferies Financial Group restated a “hold” rating and set a $40.00 price target on shares of Radware in a report on Wednesday. Finally, Wall Street Zen raised shares of Radware from a “hold” rating to a “buy” rating in a research note on Tuesday, October 13th. Three analysts have rated the stock with a Hold rating. According to MarketBeat, Radware currently has an average rating of “Hold” and an average target price of $40.00.

Institutional Investors Weigh In On Radware

Several hedge funds and other institutional investors have recently made changes to their positions in RDWR. Public Employees Retirement System of Ohio bought a new stake in Radware during the 2nd quarter valued at approximately $2,057,000. Hennion & Walsh Asset Management Inc. increased its position in shares of Radware by 87.5% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 54,630 shares of the information technology services provider’s stock valued at $1,686,000 after purchasing an additional 25,499 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Radware during the 3rd quarter worth about $639,000. Rice Hall James & Associates LLC boosted its holdings in Radware by 2.4% during the first quarter. Rice Hall James & Associates LLC now owns 683,263 shares of the information technology services provider’s stock valued at $17,983,000 after purchasing an additional 16,204 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in Radware by 17.3% during the first quarter. Lazard Asset Management LLC now owns 98,020 shares of the information technology services provider’s stock worth $2,580,000 after acquiring an additional 14,464 shares in the last quarter. 73.12% of the stock is owned by institutional investors and hedge funds.

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.