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 value of $195,000.00.
Radware Stock Up 2.9%
Shares of NASDAQ:RDWR opened at $33.60 on Wednesday. The business’s 50 day moving average is $30.02 and its 200 day moving average is $27.81. The stock has a market cap of $1.41 billion, a P/E ratio of 59.35 and a beta of 0.84. Radware Ltd. has a 52-week low of $21.68 and a 52-week high of $38.50.
Radware (NASDAQ:RDWR – Get Free Report) last issued its earnings results on Wednesday, October 28th. The information technology services provider reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. Radware had a return on equity of 6.64% and a net margin of 4.26%. The business had revenue of $84.36 million during the quarter, compared to analyst estimates of $83.02 million. During the same period in the previous year, the company posted $0.28 EPS. Radware’s revenue was up 12.0% on a year-over-year basis.
Institutional Trading of Radware
Hedge funds have recently bought and sold shares of the stock. CenterBook Partners LP purchased a new stake in shares of Radware during the 3rd quarter worth $406,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Radware during the third quarter valued at about $639,000. State of Wyoming boosted its position in Radware by 78.1% during the third quarter. State of Wyoming now owns 17,275 shares of the information technology services provider’s stock valued at $515,000 after purchasing an additional 7,577 shares in the last quarter. Eagle Harbor Asset Management Inc. ADV grew its stake in Radware by 10.5% in the third quarter. Eagle Harbor Asset Management Inc. ADV now owns 9,729 shares of the information technology services provider’s stock valued at $290,000 after purchasing an additional 921 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in Radware in the second quarter valued at about $27,000. Hedge funds and other institutional investors own 73.12% of the company’s stock.
Analysts Set New Price Targets
Several analysts recently weighed in on the company. Jefferies Financial Group restated a “hold” rating and issued a $40.00 price objective on shares of Radware in a report on Wednesday, October 28th. Wall Street Zen upgraded shares of Radware from a “hold” rating to a “buy” rating in a report on Tuesday, October 13th. Finally, Weiss Ratings upgraded shares of Radware from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 13th. Three research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $40.00.
Read Our Latest Stock Analysis on Radware
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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