Guy Avidan Purchases 2,000 Shares of Radware (NASDAQ:RDWR) Stock

Radware Ltd. (NASDAQ:RDWR) CFO Guy Avidan bought 2,000 shares of the stock in a transaction on Friday, July 31st. The shares were acquired at an average price of $25.21 per share, with a total value of $50,420.00. Following the purchase, the chief financial officer owned 95,800 shares of the company’s stock, valued at $2,415,118. The trade was a 2.13% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Radware Stock Performance

Radware stock opened at $28.74 on Wednesday. The firm’s 50-day moving average is $29.12 and its 200-day moving average is $26.98. Radware Ltd. has a 1 year low of $21.68 and a 1 year high of $32.79. The company has a market cap of $1.21 billion, a P/E ratio of 75.63 and a beta of 0.85.

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

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reissued 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 stock. According to MarketBeat, Radware has a consensus rating of “Reduce” and a consensus price target of $25.00.

Institutional Trading of Radware

Hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC grew its position 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 purchasing an additional 374 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Radware by 3,178.4% during 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 buying an additional 1,176 shares during the last quarter. Simplex Trading LLC raised its holdings in shares of Radware by 51.4% during the fourth quarter. Simplex Trading LLC now owns 1,544 shares of the information technology services provider’s stock valued at $37,000 after buying an additional 524 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in shares of Radware by 47.8% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,700 shares of the information technology services provider’s stock valued at $41,000 after buying an additional 550 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new position in shares of Radware during the fourth quarter worth approximately $49,000. 73.12% of the stock is currently owned by 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.