Radware (NASDAQ:RDWR) Stock Passes Above 200-Day Moving Average - Here's What Happened

Key Points

• Radware shares moved above their 200-day moving average, reaching $28.43 before last trading at $27.05 on volume of 402,662 shares. The stock’s 200-day average is $27.29, while its 50-day average is $28.92.
• Analyst sentiment remains cautious: Needham reiterated a “Hold” rating, and the two-analyst consensus is “Reduce” with a $25 target price. Radware recently reported quarterly EPS of $0.30 on revenue of $82.28 million.
• Insiders and institutional investors remain active, with CFO Guy Avidan purchasing 2,000 shares while another insider sold 1,375 shares. Insiders own 21.58% of the company, and institutional investors own 73.12%.

Radware Ltd. (NASDAQ:RDWR - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $27.29 and traded as high as $28.43. Radware shares last traded at $27.05, with a volume of 402,662 shares.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reissued a "hold" rating on shares of Radware in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Reduce" and a consensus target price of $25.00.

Radware Trading Down 3.8%

The stock has a fifty day simple moving average of $28.92 and a two-hundred day simple moving average of $27.29. The company has a market cap of $1.14 billion, a PE ratio of 71.19 and a beta of 0.85.

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

Insiders Place Their Bets

In related news, CFO Guy Avidan acquired 2,000 shares of the firm's stock in a transaction that occurred on Friday, July 31st. The shares were purchased 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 represents a 2.13% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Rivkah Goldriech sold 1,375 shares of the company's stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $29.50, for a total transaction of $40,562.50. Following the transaction, the insider owned 60,741 shares in the company, valued at $1,791,859.50. The trade was a 2.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 21.58% of the company's stock.

Institutional Investors Weigh In On Radware

Institutional investors have recently modified their holdings of the company. Parallel Advisors LLC increased its stake 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 valued at $30,000 after purchasing an additional 374 shares in the last quarter. California State Teachers Retirement System boosted its position in Radware by 1.1% during the first quarter. California State Teachers Retirement System now owns 36,404 shares of the information technology services provider's stock worth $958,000 after purchasing an additional 402 shares in the last quarter. Simplex Trading LLC grew its holdings in Radware by 51.4% in the fourth quarter. Simplex Trading LLC now owns 1,544 shares of the information technology services provider's stock valued at $37,000 after purchasing an additional 524 shares during the last quarter. Squarepoint Ops LLC grew its holdings in Radware by 4.5% in the third quarter. Squarepoint Ops LLC now owns 12,308 shares of the information technology services provider's stock valued at $326,000 after purchasing an additional 527 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in shares of Radware by 47.8% in 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 in the last quarter. 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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