Insider Selling: Radware (NASDAQ:RDWR) COO Sells $195,000.00 in Stock

Key Points

• Radware COO Gabriel Malka sold 6,500 shares at an average price of $30, generating $195,000; he retained 47,922 shares after the transaction, an 11.94% reduction in ownership.
• Radware reported quarterly revenue of $82.28 million and earnings of $0.30 per share, while its shares recently traded at $28.60 with a market capitalization of approximately $1.20 billion.
• Analysts maintain a cautious view, with ratings of Hold and Sell, an average “Reduce” rating, and a consensus price target of $25.00; institutional investors own 73.12% of the company.

Radware Ltd. (NASDAQ:RDWR - Get Free Report) COO Gabriel Malka sold 6,500 shares of Radware stock in a transaction that occurred 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 owned 47,922 shares of the company's stock, valued at $1,437,660. This represents a 11.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Radware Stock Performance

Shares of NASDAQ:RDWR opened at $28.60 on Monday. The business's fifty day moving average price is $28.94 and its two-hundred day moving average price is $27.47. The stock has a market cap of $1.20 billion, a PE ratio of 75.27 and a beta of 0.85. Radware Ltd. has a one year low of $21.68 and a one year high of $32.79.

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

Analysts Set New Price Targets

Separately, Needham & Company LLC reaffirmed a "hold" rating on shares of Radware in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $25.00.

Institutional Investors Weigh In On Radware

A number of hedge funds and other institutional investors have recently made changes to their positions in RDWR. Russell Investments Group Ltd. lifted its position in Radware by 47.5% during the second quarter. Russell Investments Group Ltd. now owns 46,506 shares of the information technology services provider's stock worth $1,368,000 after buying an additional 14,980 shares during the period. Jump Financial LLC grew its holdings in Radware by 126.5% in the 2nd 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. increased its stake in shares of Radware by 23.5% during the 2nd quarter. Sei Investments Co. now owns 91,954 shares of the information technology services provider's stock valued at $2,707,000 after acquiring an additional 17,501 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Radware by 3.5% during the 2nd quarter. California State Teachers Retirement System now owns 35,327 shares of the information technology services provider's stock valued at $1,040,000 after acquiring an additional 1,190 shares during the last quarter. Finally, PDT Partners LLC lifted its holdings in shares of Radware by 27.1% during the 2nd 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 period. Hedge funds and other institutional investors own 73.12% of the company's stock.

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.

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