Key Points
- Allot insider Mark Shteiman sold 2,000 shares on Monday, June 15 at an average price of $7.50, totaling $15,000. After the sale, he still owned 212,000 shares, a 0.93% reduction in his holdings.
- This sale adds to a recent pattern of insider selling, including multiple transactions in mid-to-late May at prices ranging from $7.13 to $7.58.
- Allot’s stock opened at $7.15, and analysts currently rate it a Moderate Buy with a consensus target price of $13.63, while hedge funds and other institutional investors hold 51.5% of the company.
Allot Ltd. (NASDAQ:ALLT - Get Free Report) insider Mark Shteiman sold 2,000 shares of the firm's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $7.50, for a total transaction of $15,000.00. Following the completion of the sale, the insider owned 212,000 shares in the company, valued at $1,590,000. The trade was a 0.93% decrease in their ownership of the stock. The sale was disclosed in a 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 stock was sold at an average price of $7.58, for a total value of $45,480.00.
- On Thursday, May 21st, Mark Shteiman sold 5,000 shares of Allot stock. The stock was sold at an average price of $7.39, for a total value of $36,950.00.
- 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 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 Price Performance
Shares of ALLT opened at $7.15 on Wednesday. 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 $347.85 million, a PE ratio of 55.00 and a beta of 1.48. The firm has a fifty day moving average price of $7.43 and a 200 day moving average price of $8.43.
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. 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%. As a group, equities analysts expect that Allot Ltd. will post 0.21 EPS for the current fiscal year.
Wall Street Analyst Weigh In
ALLT has been the subject of a number of recent research reports. Needham & Company LLC increased their price target on shares of Allot from $8.50 to $10.50 and gave the stock a "buy" rating in a research note on Wednesday, May 13th. TD Cowen set a $11.00 target price on shares of Allot in a report on Wednesday, February 25th. Cantor Fitzgerald reiterated an "overweight" rating and set a $15.00 target price on shares of Allot in a research note on Wednesday, May 13th. Finally, Wall Street Zen raised Allot from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. Five investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.63.
Check Out Our Latest Stock Report on Allot
Hedge Funds Weigh In On Allot
A number of large investors have recently bought and sold shares of the company. QVT Financial LP increased its stake in shares of Allot by 22.2% during the second quarter. QVT Financial LP now owns 4,505,793 shares of the communications equipment provider's stock worth $36,598,000 after acquiring an additional 817,938 shares during the period. Millennium Management LLC boosted its stake in shares of Allot by 239.4% in the third quarter. Millennium Management LLC now owns 753,393 shares of the communications equipment provider's stock valued at $7,971,000 after buying an additional 531,412 shares in the last quarter. Sei Investments Co. grew its holdings in Allot by 744.0% during the first quarter. Sei Investments Co. now owns 523,162 shares of the communications equipment provider's stock worth $3,484,000 after acquiring an additional 461,175 shares during the period. Boothbay Fund Management LLC acquired a new position in Allot during the second quarter worth $3,164,000. Finally, Potomac Capital Management Inc. purchased a new position in Allot in the fourth quarter worth $3,483,000. Hedge funds and other institutional investors own 51.50% of the company's stock.
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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