Rivkah Goldriech Sells 750 Shares of Radware (NASDAQ:RDWR) Stock

Radware Ltd. (NASDAQ:RDWR) insider Rivkah Goldriech sold 750 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $32.00, for a total transaction of $24,000.00. Following the sale, the insider directly owned 59,991 shares in the company, valued at $1,919,712. The trade was a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Rivkah Goldriech also recently made the following trade(s):

• On Friday, May 22nd, Rivkah Goldriech sold 1,375 shares of Radware stock. The stock was sold at an average price of $29.50, for a total value of $40,562.50.

Radware Trading Up 1.2%

NASDAQ RDWR opened at $31.19 on Wednesday. The firm has a market capitalization of $1.31 billion, a PE ratio of 72.54 and a beta of 0.84. The business’s 50-day moving average price is $29.01 and its two-hundred day moving average price is $26.52. Radware Ltd. has a 12 month low of $21.68 and a 12 month high of $32.79.

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

Hedge Funds Weigh In On Radware

A number of large investors have recently modified their holdings of RDWR. Morgan Stanley increased its holdings in Radware by 28.9% during the 4th quarter. Morgan Stanley now owns 2,619,687 shares of the information technology services provider’s stock worth $63,108,000 after purchasing an additional 588,064 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Radware by 28.7% in the fourth quarter. First Trust Advisors LP now owns 1,562,396 shares of the information technology services provider’s stock valued at $37,638,000 after purchasing an additional 348,824 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Radware by 1.6% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,538,854 shares of the information technology services provider’s stock valued at $40,769,000 after buying an additional 24,363 shares during the last quarter. Rice Hall James & Associates LLC boosted its position in shares of Radware by 2.4% during the first quarter. Rice Hall James & Associates LLC now owns 683,263 shares of the information technology services provider’s stock valued at $17,983,000 after buying an additional 16,204 shares during the last quarter. Finally, State Street Corp grew its holdings in Radware by 1.8% during the fourth quarter. State Street Corp now owns 458,941 shares of the information technology services provider’s stock worth $11,056,000 after buying an additional 8,199 shares in the last quarter. 73.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RDWR. Weiss Ratings restated a “sell (d+)” rating on shares of Radware in a report on Friday, March 27th. Wall Street Zen raised shares of Radware from a “hold” rating to a “buy” rating in a research note on Saturday, April 4th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Radware in a research report on Thursday, May 7th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Radware presently has an average rating of “Hold” and an average price target of $30.00.

Radware Company Profile

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.