Key Points
- Allot insider Mark Shteiman sold 5,000 shares on May 19 at an average price of $7.32, for proceeds of $36,600. After the sale, he still held 225,000 shares valued at about $1.65 million.
- Shteiman also sold 3,000 shares the previous day at $7.13, indicating a recent pattern of insider selling in Allot stock.
- Allot shares were trading around $7.24, near the lower end of their 52-week range, while analysts currently hold a Moderate Buy consensus with an average price target of $13.63.
Allot Ltd. (NASDAQ:ALLT - Get Free Report) insider Mark Shteiman sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $7.32, for a total transaction of $36,600.00. Following the transaction, the insider owned 225,000 shares of the company's stock, valued at approximately $1,647,000. This represents a 2.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Mark Shteiman also recently made the following trade(s):
- 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 Price Performance
ALLT stock opened at $7.24 on Thursday. Allot Ltd. has a 1 year low of $6.12 and a 1 year high of $11.92. The stock has a market cap of $352.19 million, a price-to-earnings ratio of 55.70 and a beta of 1.46. The company has a 50 day simple moving average of $7.06 and a 200 day simple moving average of $8.62.
Allot (NASDAQ:ALLT - Get Free Report) last posted its earnings results on Tuesday, March 31st. The communications equipment provider reported $0.06 earnings per share for the quarter. Allot had a net margin of 5.68% and a return on equity of 7.38%. The firm had revenue of $26.43 million for the quarter. On average, equities research analysts anticipate that Allot Ltd. will post 0.2 EPS for the current fiscal year.
Institutional Investors Weigh In On Allot
A number of institutional investors have recently modified their holdings of the company. Kanen Wealth Management LLC boosted its stake in shares of Allot by 1.1% in the 1st quarter. Kanen Wealth Management LLC now owns 4,653,697 shares of the communications equipment provider's stock valued at $30,994,000 after purchasing an additional 51,029 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Allot in the 1st quarter valued at $1,208,000. Sei Investments Co. boosted its stake in shares of Allot by 744.0% in the 1st quarter. Sei Investments Co. now owns 523,162 shares of the communications equipment provider's stock valued at $3,484,000 after purchasing an additional 461,175 shares during the last quarter. Silverberg Bernstein Capital Management LLC boosted its stake in shares of Allot by 5.7% in the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 174,878 shares of the communications equipment provider's stock valued at $1,165,000 after purchasing an additional 9,450 shares during the last quarter. Finally, Invesco Ltd. bought a new stake in shares of Allot in the 4th quarter valued at $112,000. 51.50% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the stock. Wall Street Zen raised shares of Allot from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. Weiss Ratings reissued a "sell (d-)" rating on shares of Allot in a report on Wednesday, January 21st. Cantor Fitzgerald reissued an "overweight" rating and set a $15.00 target price on shares of Allot in a report on Wednesday, May 13th. TD Cowen set a $11.00 target price on shares of Allot in a report on Wednesday, February 25th. Finally, Needham & Company LLC boosted their target price on shares of Allot from $8.50 to $10.50 and gave the stock a "buy" rating in a report on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Allot currently has an average rating of "Moderate Buy" and an average price target of $13.63.
View Our Latest Stock Report on ALLT
About Allot
(
Get Free Report)
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.
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