Radware (NASDAQ:RDWR) Insider Rivkah Goldriech Sells 4,125 Shares of Company Stock

Key Points

• Insider selling: Rivkah Goldriech sold 4,125 Radware shares at an average of $36.00, totaling $148,500, reducing her stake by 9.39% to 39,789 shares. She also sold 24,277 shares for approximately $841,441 the previous day.
• Quarterly results exceeded expectations: Radware reported quarterly EPS of $0.32 versus the $0.29 consensus estimate and revenue of $84.36 million, up 12% year over year and above forecasts.
• Stock and analyst outlook: Shares traded at $36.05, near their 12-month high of $38.50. Analysts maintain a consensus “Hold” rating with a $40 target price, while institutional investors own 73.12% of the company.

Radware Ltd. (NASDAQ:RDWR - Get Free Report) insider Rivkah Goldriech sold 4,125 shares of the business's stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $36.00, for a total transaction of $148,500.00. Following the transaction, the insider owned 39,789 shares of the company's stock, valued at $1,432,404. This represents a 9.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Rivkah Goldriech also recently made the following trade(s):

• On Tuesday, October 27th, Rivkah Goldriech sold 24,277 shares of Radware stock. The shares were sold at an average price of $34.66, for a total value of $841,440.82.

Radware Price Performance

NASDAQ RDWR traded down $1.11 on Thursday, hitting $36.05. The company had a trading volume of 64,772 shares, compared to its average volume of 276,596. The company has a market capitalization of $1.52 billion, a PE ratio of 95.06 and a beta of 0.86. The company's fifty day moving average price is $29.46 and its 200-day moving average price is $27.61. Radware Ltd. has a 12-month low of $21.68 and a 12-month high of $38.50.

Radware (NASDAQ:RDWR - Get Free Report) last announced its earnings results 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 net margin of 5.34% and a return on equity of 7.47%. The company had revenue of $84.36 million for the quarter, compared to analysts' expectations of $83.02 million. During the same quarter in the previous year, the company posted $0.28 EPS. The firm's quarterly revenue was up 12.0% on a year-over-year basis.

Analyst Ratings Changes

RDWR has been the subject of several recent analyst reports. Wall Street Zen raised Radware from a "hold" rating to a "buy" rating in a report on Tuesday, October 13th. Jefferies Financial Group reissued a "hold" rating and issued a $40.00 target price on shares of Radware in a research note on Wednesday. Finally, Weiss Ratings raised Radware from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, October 13th. Three equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $40.00.

Institutional Trading of Radware

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio acquired a new position in shares of Radware in the 2nd quarter worth approximately $2,057,000. Hennion & Walsh Asset Management Inc. increased its position in Radware by 87.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 54,630 shares of the information technology services provider's stock worth $1,686,000 after purchasing an additional 25,499 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Radware during the third quarter valued at approximately $639,000. Rice Hall James & Associates LLC lifted its stake in shares of Radware by 2.4% in the 1st 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 during the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of Radware by 17.3% in 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 buying an additional 14,464 shares during the last quarter. 73.12% of the stock is currently owned by institutional investors.

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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