Radware (NASDAQ:RDWR) Shares Down 8.1% – What’s Next?

Shares of Radware Ltd. (NASDAQ:RDWR) traded down 8.1% during mid-day trading on Wednesday . The company traded as low as $25.27 and last traded at $25.9180. Approximately 35,026 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 255,399 shares. The stock had previously closed at $28.21.

Analysts Set New Price Targets

Several equities analysts have recently commented on RDWR shares. Wall Street Zen upgraded shares of Radware from a “hold” rating to a “buy” rating in a report on Saturday, April 4th. Needham & Company LLC reissued a “hold” rating on shares of Radware in a research report on Thursday, May 7th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $30.00.

Radware Trading Down 11.7%

The business’s fifty day moving average price is $29.44 and its two-hundred day moving average price is $26.91. The firm has a market cap of $1.05 billion, a P/E ratio of 57.88 and a beta of 0.84.

Radware (NASDAQ:RDWR) last issued its quarterly earnings data on Tuesday, June 30th. The information technology services provider reported $0.30 earnings per share (EPS) for the quarter. The firm had revenue of $82.28 million during the quarter. Radware had a net margin of 6.28% and a return on equity of 7.69%.

Insider Activity

In related news, COO Gabriel Malka sold 3,111 shares of the firm’s 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 transaction, the chief operating officer directly owned 61,422 shares of the company’s stock, valued at approximately $1,781,238. This trade represents a 4.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Rivkah Goldriech sold 1,375 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $29.50, for a total value of $40,562.50. Following the completion of the sale, the insider owned 60,741 shares of the company’s stock, valued at approximately $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. In the last quarter, insiders have sold 5,236 shares of company stock valued at $154,782. 21.58% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Radware

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its position in shares of 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 valued at $29,000 after purchasing an additional 1,176 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Radware by 48.8% during the 1st quarter. Parallel Advisors LLC now owns 1,140 shares of the information technology services provider’s stock worth $30,000 after buying an additional 374 shares during the period. Simplex Trading LLC grew its stake 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 valued at $37,000 after buying an additional 524 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake 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 valued at $41,000 after buying an additional 550 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new position in Radware in the 4th quarter worth $49,000. Institutional investors and hedge funds 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.