Allot (NASDAQ:ALLT) Insider Sells $36,950.00 in Stock

Allot Ltd. (NASDAQ:ALLT) insider Mark Shteiman sold 5,000 shares of Allot stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $7.39, for a total transaction of $36,950.00. Following the transaction, the insider directly owned 220,000 shares of the company’s stock, valued at $1,625,800. This represents a 2.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Mark Shteiman also recently made the following trade(s):

• On Friday, May 22nd, Mark Shteiman sold 6,000 shares of Allot stock. The stock was sold at an average price of $7.58, for a total transaction of $45,480.00.
• On Tuesday, May 19th, Mark Shteiman sold 5,000 shares of Allot stock. The stock was sold at an average price of $7.32, for a total transaction of $36,600.00.
• On Monday, May 18th, Mark Shteiman sold 3,000 shares of Allot stock. The stock was sold at an average price of $7.13, for a total transaction of $21,390.00.

Allot Stock Performance

Shares of ALLT stock opened at $7.94 on Friday. The company has a market cap of $386.28 million, a P/E ratio of 61.08 and a beta of 1.46. The stock has a 50 day simple moving average of $7.18 and a two-hundred day simple moving average of $8.56. Allot Ltd. has a fifty-two week low of $6.12 and a fifty-two week high of $11.92.

Allot (NASDAQ:ALLT) last issued its earnings results on Tuesday, March 31st. The communications equipment provider reported $0.06 earnings per share for the quarter. The business had revenue of $26.43 million during the quarter. Allot had a return on equity of 7.38% and a net margin of 5.68%. On average, research analysts predict that Allot Ltd. will post 0.2 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ALLT shares. Wall Street Zen upgraded Allot from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $15.00 price target on shares of Allot in a research note on Wednesday, May 13th. TD Cowen set a $11.00 price target on shares of Allot in a research note on Wednesday, February 25th. Finally, Needham & Company LLC boosted their target price on Allot from $8.50 to $10.50 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $13.63.

Institutional Investors Weigh In On Allot

Hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP bought a new stake in shares of Allot during the third quarter valued at approximately $37,000. Kestra Advisory Services LLC bought a new stake in shares of Allot during the fourth quarter valued at approximately $62,000. State of Wyoming bought a new stake in shares of Allot during the fourth quarter valued at approximately $66,000. Wells Fargo & Company MN increased its holdings in shares of Allot by 200.0% during the fourth quarter. Wells Fargo & Company MN now owns 9,000 shares of the communications equipment provider’s stock valued at $88,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Allot during 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.