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 shares were sold at an average price of $30.00, for a total transaction 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. The trade was a 11.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Radware Trading Up 1.0%
Radware stock opened at $28.88 on Tuesday. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 76.00 and a beta of 0.85. The business’s fifty day simple moving average is $28.97 and its two-hundred day simple moving average is $27.49. Radware Ltd. has a 12 month low of $21.68 and a 12 month high of $32.79.
Radware (NASDAQ:RDWR – Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The information technology services provider reported $0.30 EPS for the quarter. Radware had a net margin of 5.34% and a return on equity of 7.47%. The company had revenue of $82.28 million for the quarter.
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on Radware
Hedge Funds Weigh In On Radware
A number of hedge funds have recently made changes to their positions in RDWR. Parallel Advisors LLC boosted 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 worth $30,000 after purchasing an additional 374 shares during the period. Farther Finance Advisors LLC grew its position in Radware by 3,178.4% in the fourth quarter. Farther Finance Advisors LLC now owns 1,213 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 1,176 shares in the last quarter. Simplex Trading LLC increased its position in shares of Radware by 51.4% during the 4th 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. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in Radware by 47.8% during 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 acquiring an additional 550 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new position in Radware during the 4th quarter valued at about $49,000. 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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