Radware (NASDAQ:RDWR) COO Gabriel Malka Sells 16,461 Shares of Stock

Key Points

• Radware COO Gabriel Malka sold 16,461 shares at an average price of $34.23, generating approximately $563,460. Following the transaction, his direct holdings fell 27.94% to 42,461 shares.
• Radware’s latest quarterly results exceeded expectations, with earnings of $0.32 per share versus a $0.29 consensus estimate and revenue of $84.36 million, up 12% year over year.
• Shares recently traded at $32.77, while analysts maintain a consensus “Hold” rating and a $40 average price target; institutional investors and hedge funds own 73.12% of the stock.

Radware Ltd. (NASDAQ:RDWR - Get Free Report) COO Gabriel Malka sold 16,461 shares of Radware stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $34.23, for a total transaction of $563,460.03. Following the sale, the chief operating officer directly owned 42,461 shares of the company's stock, valued at $1,453,440.03. This represents a 27.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Gabriel Malka also recently made the following trade(s):

• On Thursday, August 27th, Gabriel Malka sold 6,500 shares of Radware stock. The stock was sold at an average price of $30.00, for a total transaction of $195,000.00.

Radware Stock Up 0.4%

Shares of NASDAQ RDWR traded up $0.13 during midday trading on Tuesday, reaching $32.77. 50,819 shares of the company's stock traded hands, compared to its average volume of 282,797. The stock's 50 day simple moving average is $29.90 and its 200-day simple moving average is $27.77. Radware Ltd. has a one year low of $21.68 and a one year high of $38.50. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 105.71 and a beta of 0.86.

Radware (NASDAQ:RDWR - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The information technology services provider reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. The firm had revenue of $84.36 million for the quarter, compared to the consensus estimate of $83.02 million. Radware had a net margin of 4.26% and a return on equity of 6.57%. The company's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 EPS.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on RDWR. Weiss Ratings upgraded Radware from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, October 13th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $40.00 price objective on shares of Radware in a research report on Wednesday, October 28th. Finally, Wall Street Zen upgraded shares of Radware from a "hold" rating to a "buy" rating in a research note on Tuesday, October 13th. Three research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $40.00.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. CenterBook Partners LP acquired a new stake in Radware during the 3rd quarter valued at approximately $406,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Radware in the 3rd quarter valued at $639,000. State of Wyoming increased its stake in shares of Radware by 78.1% in the third quarter. State of Wyoming now owns 17,275 shares of the information technology services provider's stock worth $515,000 after acquiring an additional 7,577 shares during the period. Eagle Harbor Asset Management Inc. ADV raised its holdings in shares of Radware by 10.5% during the third quarter. Eagle Harbor Asset Management Inc. ADV now owns 9,729 shares of the information technology services provider's stock worth $290,000 after purchasing an additional 921 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Radware during the second quarter worth $27,000. 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.

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