Allot Ltd. (NASDAQ:ALLT) Receives $13.63 Average PT from Analysts

Allot Ltd. (NASDAQ:ALLT) has received a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $13.6250.

Several research firms recently issued reports on ALLT. TD Cowen set a $11.00 target price on Allot in a report on Wednesday, February 25th. Needham & Company LLC upped their target price on Allot from $8.50 to $10.50 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Cantor Fitzgerald reiterated an “overweight” rating and set a $15.00 target price on shares of Allot in a report on Wednesday, May 13th. Finally, Wall Street Zen upgraded Allot from a “hold” rating to a “buy” rating in a report on Saturday, May 16th.

Allot Price Performance

Shares of Allot stock opened at $7.39 on Tuesday. The firm has a market cap of $359.52 million, a price-to-earnings ratio of 56.85 and a beta of 1.48. The stock’s 50-day moving average is $7.35 and its 200-day moving average is $8.52. Allot has a one year low of $6.12 and a one year high of $11.92.

Allot (NASDAQ:ALLT) last issued its quarterly earnings results on Tuesday, March 31st. The communications equipment provider reported $0.06 EPS for the quarter. Allot had a return on equity of 7.38% and a net margin of 5.68%.The company had revenue of $26.43 million for the quarter. On average, equities analysts expect that Allot will post 0.21 EPS for the current year.

Insider Buying and Selling

In other Allot news, insider Mark Shteiman sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $7.58, for a total value of $45,480.00. Following the sale, the insider owned 214,000 shares in the company, valued at $1,622,120. This represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Noam Lelah sold 21,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $8.48, for a total value of $178,080.00. Following the completion of the sale, the senior vice president owned 176,250 shares in the company, valued at $1,494,600. This represents a 10.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 45,556 shares of company stock worth $359,464. Corporate insiders own 3.40% of the company’s stock.

Institutional Trading of Allot

Several institutional investors and hedge funds have recently bought and sold shares of ALLT. Quarry LP bought a new stake in Allot in the third quarter valued at approximately $37,000. Kestra Advisory Services LLC bought a new stake in Allot in the fourth quarter valued at approximately $62,000. State of Wyoming bought a new stake in Allot in the fourth quarter valued at approximately $66,000. Wells Fargo & Company MN raised its stake in Allot by 200.0% in the fourth quarter. Wells Fargo & Company MN now owns 9,000 shares of the communications equipment provider’s stock valued at $88,000 after buying an additional 6,000 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in Allot in the third quarter valued at approximately $108,000. Institutional investors own 51.50% of the company’s stock.

Allot Company Profile

Allot Ltd. is a provider of network intelligence and security solutions designed for service providers and enterprises worldwide. The company delivers software and cloud-based services that enable customers to gain real-time visibility into network traffic, enforce security policies and optimize bandwidth usage. Its platforms support a wide range of applications, from DDoS protection and threat prevention to subscriber experience management and network analytics.

Allot’s product portfolio includes managed solutions for mobile and fixed-line operators, as well as cloud-native services that can be deployed across private, public and hybrid environments.