Key Points
- CEO Eyal Harari sold 28,923 Allot shares at an average of $8.92, receiving about $258,000. His direct stake fell 2.63% to 1,070,195 shares.
- Allot shares opened at $8.78; the stock’s 52-week range is $6.12–$11.92, and its market capitalization is approximately $433 million.
- Analysts have a consensus “Moderate Buy” rating and an average price target of $13.38. In its latest reported quarter, Allot beat earnings and revenue estimates.
Allot Ltd. (NASDAQ:ALLT - Get Free Report) CEO Eyal Harari sold 28,923 shares of the firm's stock in a transaction on Monday, November 9th. The shares were sold at an average price of $8.92, for a total value of $257,993.16. Following the sale, the chief executive officer directly owned 1,070,195 shares of the company's stock, valued at $9,546,139.40. This represents a 2.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Allot Stock Performance
Shares of ALLT opened at $8.78 on Wednesday. The stock has a fifty day moving average price of $8.41 and a two-hundred day moving average price of $7.98. Allot Ltd. has a 52-week low of $6.12 and a 52-week high of $11.92. The company has a market cap of $432.85 million, a price-to-earnings ratio of 39.91 and a beta of 1.51.
Allot (NASDAQ:ALLT - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The communications equipment provider reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.03. The company had revenue of $27.74 million for the quarter, compared to analyst estimates of $27.45 million. Allot had a return on equity of 9.64% and a net margin of 9.40%. As a group, research analysts predict that Allot Ltd. will post 0.23 EPS for the current fiscal year.
Wall Street Analyst Weigh In
ALLT has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Allot in a report on Tuesday, September 22nd. Northland Securities set a $17.00 price target on shares of Allot in a research report on Thursday, August 13th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.38.
View Our Latest Report on ALLT
Hedge Funds Weigh In On Allot
Several large investors have recently bought and sold shares of ALLT. Squarepoint Ops LLC lifted its holdings in Allot by 36.0% in the second quarter. Squarepoint Ops LLC now owns 14,775 shares of the communications equipment provider's stock valued at $131,000 after buying an additional 3,908 shares during the period. R Squared Ltd bought a new position in Allot in the third quarter valued at approximately $146,000. Eurizon Capital SGR S.p.A. acquired a new stake in Allot during the 3rd quarter worth $247,000. Hennion & Walsh Asset Management Inc. grew its holdings in Allot by 24.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 96,833 shares of the communications equipment provider's stock worth $857,000 after acquiring an additional 19,013 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in Allot during the 1st quarter worth $1,208,000. 51.50% of the stock is currently owned by institutional investors and hedge funds.
Allot Company Profile
(
Get Free Report)
Allot Ltd. is an Israeli technology company that develops network intelligence and security solutions for communications service providers. Its software and hardware are designed to help telecommunications operators monitor network traffic, manage bandwidth, improve service quality and protect infrastructure from cyber threats. The company's offerings have included network visibility and analytics tools, traffic management platforms, distributed denial-of-service protection, and security services for mobile, fixed-line and broadband networks.
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