Key Points
The sale on Aug. 27, 2026, was valued at $195,000.
The traded volume was equal to 12% of the total equity stake held by the insider before the filing.
The disposition consisted entirely of directly held ordinary shares, with no indirect holdings or derivative activity reported.
Gabriel Malka, Chief Operating Officer of Radware (NASDAQ:RDWR), sold 6,500 shares of the company on Aug. 27, 2026, according to a recent SEC Form 4 filing.
Transaction summary
| Metric | Value |
|---|---|
| Transaction value | $195,000 |
| Shares sold | 6,500 |
| Post-transaction shares (directly held) | 47,922 |
| Post-transaction value | $1.4 million |
Transaction value based on SEC Form 4 weighted average sale price ($30); post-transaction value based on Aug. 27, 2026, market close ($29.57).
Key questions
- How did this transaction affect the insider's total ownership level?
The sale of 6,500 shares reduced Malka's direct equity position to 47,922 shares. This holding represents an approximate 0.1% ownership interest in the company, which develops cybersecurity and application management solutions for cloud and physical data centers. - What was the relationship between the execution price and recent market valuation?
The shares were sold at $30 per share on Aug. 27, 2026, slightly above the market close of $29.57 that same day. Since that transaction, the stock price closed at $28.60 on Aug. 28, 2026. - Does the insider maintain any indirect exposure or derivative positions in Radware?
The current disclosure shows no indirect ownership through trusts or other entities, and no outstanding derivative securities, such as stock options or restricted stock units, were reported in this filing. The reported 47,922 shares constitute the entirety of the insider's disclosed beneficial ownership.
Company Overview
| Metric | Value |
|---|---|
| Share Price (as of market close 2026-08-28) | $28.60 |
| Market Capitalization | $1.2 billion |
| Revenue (TTM) | $317.8 million |
| Net Income (TTM) | $17.2 million |
Company Snapshot
- Radware develops and distributes advanced cybersecurity and application management solutions, including DefensePro for network attack defense, AppWall Web Application Firewall (WAF), and complementary security products, generating revenue through software licensing and managed services.
- The company operates a subscription- and license-based business model, delivering cloud-native and on-premises security solutions to enterprises that require protection across hybrid infrastructure environments, including public clouds, private data centers, and software-defined networks.
- Radware serves global enterprise customers and mid-market organizations requiring sophisticated cybersecurity and application performance management capabilities, with particular emphasis on organizations operating complex, distributed IT infrastructures.
Radware is a $1.2 billion market capitalization infrastructure software company specializing in application-centric cybersecurity and DDoS mitigation solutions. With $317.8 million in TTM revenue and 1,228 employees based in Tel Aviv, the company has demonstrated consistent growth. The company's competitive positioning centers on delivering integrated security and application management capabilities across heterogeneous cloud and on-premises environments to address the evolving security requirements of digitally transformed enterprises.
What this transaction means for investors
Hearing that an insider is selling shares can initially be jarring for shareholders, as they may wonder whether it signals trouble brewing within the company. With this transaction, however, there doesn't appear to be anything to indicate that shareholders should be alarmed. While Malka did sell 6,500 shares, the broader context is that the insider still holds nearly 48,000 shares. That suggests that, despite the sale, the insider is still aligned with Radware's current and future success.
The Radware stock price is up over the past 12 months, climbing 10.6%. But by comparison, that is easily trailing the S&P 500's return, which is up 18.8% over the same period. As for where Radware's stock price could head next, while not many analysts cover the stock, those who do appear to be striking a cautious tone. According to CNN, of the three analysts covering Radware, the median one-year price target is $30.50. From the Sept. 4 closing price of $28.28, that would represent a potential gain of 7.8%. For a fuller picture, the highest price target from the analysts is $34, representing a higher potential gain of 20.2%. The lowest price target in the group is $27, representing a 4.5% loss.
Jack Delaney has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Radware. The Motley Fool has a disclosure policy.