Radware (NASDAQ:RDWR) Stock Breaks Above 200-Day Moving Average - Time to Sell?

Key Points

• Radware shares broke above their 200-day moving average, reaching $29.41 and last trading at $29.33, compared with a 200-day average of $28.48.
• Analyst sentiment remains cautious: the stock carries an average “Hold” rating and a $25 price target, below its recent trading price. Radware also trades at a relatively high P/E ratio of 77.19.
• The company reported quarterly earnings of $0.30 per share on $82.28 million in revenue. Insider activity was mixed, with the COO selling shares while the CFO bought shares; institutional investors own 73.12% of the stock.

Radware Ltd. (NASDAQ:RDWR - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $28.48 and traded as high as $29.41. Radware shares last traded at $29.33, with a volume of 190,471 shares.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Weiss Ratings raised shares of Radware from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, October 13th. Wall Street Zen raised shares of Radware from a "hold" rating to a "buy" rating in a report on Tuesday, October 13th. Two investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $25.00.

Radware Stock Performance

The stock has a market cap of $1.23 billion, a PE ratio of 77.19 and a beta of 0.86. The company's 50-day moving average price is $29.01 and its 200 day moving average price is $28.48.

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

Insider Buying and Selling at Radware

In other news, COO Gabriel Malka sold 6,500 shares of the company's stock in a transaction 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Guy Avidan purchased 2,000 shares of the stock in a transaction dated 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 completion of the acquisition, the chief financial officer owned 95,800 shares in the company, valued at approximately $2,415,118. This trade represents a 2.13% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 21.58% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Radware during the second quarter worth about $27,000. Public Employees Retirement System of Ohio purchased a new position in shares of Radware in the second quarter valued at approximately $2,057,000. Handelsbanken Fonder AB boosted its stake in shares of Radware by 3.7% in the second quarter. Handelsbanken Fonder AB now owns 19,500 shares of the information technology services provider's stock valued at $602,000 after purchasing an additional 700 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Radware by 87.5% in 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 in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Radware by 27.9% in the first quarter. Pacer Advisors Inc. now owns 5,409 shares of the information technology services provider's stock valued at $142,000 after purchasing an additional 1,179 shares in the last quarter. Hedge funds and other institutional investors own 73.12% of the company's stock.

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 data from cyber threats while maintaining the availability, performance and reliability of business-critical services.

Its portfolio includes distributed denial-of-service (DDoS) protection, web application and API protection, bot management, network and application security, and cloud-based security services. Radware also offers application delivery controllers and related traffic-management technologies under its Alteon product line, as well as services designed to support hybrid, on-premises and cloud environments.

Founded in 1996, Radware serves enterprises, telecommunications carriers, cloud service providers and other organizations worldwide.

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