Key Points
- Allot SVP Boaz Grossman sold 5,000 shares on May 20 at an average price of $7.37, totaling $36,850. After the sale, he still held 192,000 shares.
- Analysts remain broadly positive on Allot, with five Buy ratings, one Hold, and one Sell. The stock’s average target price is $13.63, above its recent trading level around $7.40.
- Recent financial results showed modest profitability, with Allot reporting $0.06 EPS and $26.43 million in quarterly revenue. The company’s stock has traded between a 52-week low of $6.12 and high of $11.92.
Allot Ltd. (NASDAQ:ALLT - Get Free Report) SVP Boaz Grossman sold 5,000 shares of the company's stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $7.37, for a total value of $36,850.00. Following the sale, the senior vice president owned 192,000 shares of the company's stock, valued at approximately $1,415,040. This trade represents a 2.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Allot Stock Performance
ALLT stock opened at $7.40 on Friday. The company has a market cap of $360.01 million, a price-to-earnings ratio of 56.93 and a beta of 1.46. The business's 50-day moving average is $7.07 and its two-hundred day moving average is $8.61. Allot Ltd. has a fifty-two week low of $6.12 and a fifty-two week high of $11.92.
Allot (NASDAQ:ALLT - Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter. Allot had a return on equity of 7.38% and a net margin of 5.68%.The business had revenue of $26.43 million during the quarter. Equities analysts predict that Allot Ltd. will post 0.2 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on ALLT. Wall Street Zen raised shares of Allot from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. Needham & Company LLC boosted their price objective on shares of Allot from $8.50 to $10.50 and gave the company a "buy" rating in a research report on Wednesday, May 13th. TD Cowen set a $11.00 price objective on Allot in a research note on Wednesday, February 25th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $15.00 target price on shares of Allot in a report on Wednesday, May 13th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $13.63.
Check Out Our Latest Stock Analysis on ALLT
Hedge Funds Weigh In On Allot
Several hedge funds have recently modified their holdings of the stock. Kanen Wealth Management LLC grew its stake in Allot by 1.1% during the first quarter. Kanen Wealth Management LLC now owns 4,653,697 shares of the communications equipment provider's stock valued at $30,994,000 after acquiring an additional 51,029 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in Allot in the 1st quarter worth $1,208,000. Sei Investments Co. lifted its stake in Allot by 744.0% in the 1st quarter. Sei Investments Co. now owns 523,162 shares of the communications equipment provider's stock worth $3,484,000 after purchasing an additional 461,175 shares in the last quarter. Silverberg Bernstein Capital Management LLC boosted its holdings in shares of Allot by 5.7% during 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 position in shares of Allot during the 4th quarter valued at about $112,000. Hedge funds and other institutional investors own 51.50% of the company's stock.
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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