Key Points
- Allot insider Mark Shteiman sold 5,000 shares on May 21 at an average price of $7.39, totaling $36,950. The sale reduced his ownership by 2.22% to 220,000 shares.
- Shteiman also made several other recent sales, including 6,000 shares on May 22, 5,000 shares on May 19, and 3,000 shares on May 18, indicating a pattern of insider selling in the stock.
- Analysts remain moderately bullish on Allot, with a consensus rating of “Moderate Buy” and a price target of $13.63. The company also recently reported quarterly EPS of $0.06 on revenue of $26.43 million.
Allot Ltd. (NASDAQ:ALLT - Get Free Report) insider Mark Shteiman sold 5,000 shares of Allot stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $7.39, for a total value of $36,950.00. Following the completion of the transaction, the insider owned 220,000 shares in the company, valued at $1,625,800. This trade represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Mark Shteiman also recently made the following trade(s):
- On Friday, May 22nd, Mark Shteiman sold 6,000 shares of Allot stock. The shares were sold at an average price of $7.58, for a total value of $45,480.00.
- On Tuesday, May 19th, Mark Shteiman sold 5,000 shares of Allot stock. The shares were sold at an average price of $7.32, for a total value of $36,600.00.
- On Monday, May 18th, Mark Shteiman sold 3,000 shares of Allot stock. The shares were sold at an average price of $7.13, for a total value of $21,390.00.
Allot Price Performance
Allot stock opened at $7.69 on Wednesday. Allot Ltd. has a 1-year low of $6.12 and a 1-year high of $11.92. The company has a market cap of $374.12 million, a PE ratio of 59.16 and a beta of 1.46. The stock's 50 day moving average price is $7.14 and its 200 day moving average price is $8.58.
Allot (NASDAQ:ALLT - Get Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The communications equipment provider reported $0.06 earnings per share for the quarter. The firm had revenue of $26.43 million for the quarter. Allot had a return on equity of 7.38% and a net margin of 5.68%. 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 added to or reduced their stakes in the company. Kanen Wealth Management LLC grew its position 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 during the period. Lazard Asset Management LLC purchased a new stake in shares of Allot in the first quarter worth about $1,208,000. Sei Investments Co. boosted its position in shares of Allot by 744.0% in the first quarter. Sei Investments Co. now owns 523,162 shares of the communications equipment provider's stock worth $3,484,000 after buying an additional 461,175 shares during the period. Silverberg Bernstein Capital Management LLC boosted its position in shares of Allot by 5.7% in the first quarter. Silverberg Bernstein Capital Management LLC now owns 174,878 shares of the communications equipment provider's stock worth $1,165,000 after buying an additional 9,450 shares during the period. Finally, Invesco Ltd. purchased a new stake in shares of Allot in the fourth quarter worth about $112,000. Hedge funds and other institutional investors own 51.50% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the company. Wall Street Zen raised Allot from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. Cantor Fitzgerald reissued an "overweight" rating and issued a $15.00 price target on shares of Allot in a report on Wednesday, May 13th. Needham & Company LLC boosted their price target on Allot from $8.50 to $10.50 and gave the stock a "buy" rating in a report on Wednesday, May 13th. Finally, TD Cowen set a $11.00 price target on Allot in a report on Wednesday, February 25th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.63.
View Our Latest Stock Report on Allot
Allot Company Profile
(
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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