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

Radware Ltd. (NASDAQ:RDWR) insider Rivkah Goldriech sold 750 shares of Radware stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $32.00, for a total value of $24,000.00. Following the sale, the insider directly owned 59,991 shares of the company’s stock, valued at $1,919,712. This trade represents a 1.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 shares were sold at an average price of $29.50, for a total value of $40,562.50.

Radware Stock Performance

Shares of NASDAQ RDWR opened at $30.82 on Tuesday. Radware Ltd. has a fifty-two week low of $21.68 and a fifty-two week high of $32.79. The firm has a market capitalization of $1.30 billion, a PE ratio of 71.68 and a beta of 0.84. The stock’s 50-day simple moving average is $28.94 and its 200-day simple moving average is $26.48.

Radware (NASDAQ:RDWR) last posted its earnings results on Tuesday, March 31st. The information technology services provider reported $0.30 earnings per share for the quarter. The firm 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%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its holdings 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 valued at $30,000 after acquiring an additional 374 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Radware by 3,178.4% in the 4th quarter. Farther Finance Advisors LLC now owns 1,213 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 1,176 shares during the period. Simplex Trading LLC increased its holdings in shares of Radware by 51.4% in the 4th quarter. Simplex Trading LLC now owns 1,544 shares of the information technology services provider’s stock valued at $37,000 after acquiring an additional 524 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its holdings in shares of 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 valued at $41,000 after acquiring an additional 550 shares during the period. Finally, Global Retirement Partners LLC purchased a new stake in Radware in the 4th quarter valued at $49,000. Institutional investors and hedge funds own 73.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on RDWR. Needham & Company LLC restated a “hold” rating on shares of Radware in a report on Thursday, May 7th. Wall Street Zen upgraded shares of Radware from a “hold” rating to a “buy” rating in a research note on Saturday, April 4th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Radware in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.