Radware (NASDAQ:RDWR) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Radware Ltd. (NASDAQ:RDWR)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $25.86 and traded as high as $28.68. Radware shares last traded at $28.17, with a volume of 145,995 shares trading hands.

Analysts Set New Price Targets

RDWR has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Radware in a research note on Friday, March 27th. Needham & Company LLC reaffirmed a “hold” rating on shares of Radware in a research note on Thursday, May 7th. Finally, Wall Street Zen upgraded Radware from a “hold” rating to a “buy” rating in a research report on Saturday, April 4th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Radware has a consensus rating of “Hold” and a consensus target price of $30.00.

Radware Trading Up 1.9%

The business’s fifty day simple moving average is $27.71 and its 200-day simple moving average is $25.86. The firm has a market cap of $1.19 billion, a P/E ratio of 65.51 and a beta of 0.85.

Radware (NASDAQ:RDWR) last issued its quarterly earnings data on Tuesday, March 31st. The information technology services provider reported $0.30 EPS for the quarter. The firm had revenue of $79.81 million during the quarter. Radware had a net margin of 6.28% and a return on equity of 7.69%.

Insider Buying and Selling

In other news, COO Gabriel Malka sold 3,111 shares of Radware stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $29.00, for a total value of $90,219.00. Following the sale, the chief operating officer directly owned 61,422 shares in the company, valued at approximately $1,781,238. This trade represents a 4.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rivkah Goldriech sold 1,375 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $29.50, for a total value of $40,562.50. Following the transaction, the insider directly owned 60,741 shares in the company, valued at $1,791,859.50. This trade represents a 2.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 21.58% of the company’s stock.

Institutional Trading of Radware

Several large investors have recently added to or reduced their stakes in RDWR. Parallel Advisors LLC raised its stake in shares of Radware by 48.8% in the first 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 last quarter. California State Teachers Retirement System increased its holdings in Radware by 1.1% in the 1st quarter. California State Teachers Retirement System now owns 36,404 shares of the information technology services provider’s stock worth $958,000 after buying an additional 402 shares in the last quarter. Simplex Trading LLC increased its holdings in Radware by 51.4% in the 4th quarter. Simplex Trading LLC now owns 1,544 shares of the information technology services provider’s stock worth $37,000 after buying an additional 524 shares in the last quarter. Squarepoint Ops LLC raised its position in Radware by 4.5% in the 3rd quarter. Squarepoint Ops LLC now owns 12,308 shares of the information technology services provider’s stock worth $326,000 after buying an additional 527 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in Radware by 47.8% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,700 shares of the information technology services provider’s stock worth $41,000 after buying an additional 550 shares during the last quarter. 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.