Allot (NASDAQ:ALLT) Insider Sells $36,600.00 in Stock

Allot Ltd. (NASDAQ:ALLT) insider Mark Shteiman sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $7.32, for a total value of $36,600.00. Following the completion of the sale, the insider directly owned 225,000 shares in the company, valued at $1,647,000. This trade represents a 2.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 value of $21,390.00.

Allot Trading Up 4.1%

Shares of NASDAQ:ALLT opened at $7.70 on Friday. Allot Ltd. has a 1-year low of $6.12 and a 1-year high of $11.92. The firm has a market capitalization of $374.61 million, a PE ratio of 59.24 and a beta of 1.46. The business’s 50 day moving average is $7.09 and its 200-day moving average is $8.60.

Allot (NASDAQ:ALLT) last announced its quarterly earnings data on Tuesday, March 31st. The communications equipment provider reported $0.06 earnings per share for the quarter. Allot had a return on equity of 7.38% and a net margin of 5.68%.The company had revenue of $26.43 million for the quarter. On average, sell-side analysts predict that Allot Ltd. will post 0.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several 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. TD Cowen set a $11.00 price objective on Allot in a report on Wednesday, February 25th. Cantor Fitzgerald reissued an “overweight” rating and set a $15.00 price objective on shares of Allot in a report on Wednesday, May 13th. Finally, Needham & Company LLC lifted their price objective on Allot from $8.50 to $10.50 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $13.63.

Institutional Trading of Allot

Institutional investors have recently bought and sold shares of the stock. Quarry LP acquired a new stake in Allot in the 3rd quarter valued at $37,000. Kestra Advisory Services LLC acquired a new stake in Allot in the 4th quarter valued at $62,000. State of Wyoming acquired a new stake in Allot in the 4th quarter valued at $66,000. Wells Fargo & Company MN boosted its stake in Allot by 200.0% in the 4th quarter. Wells Fargo & Company MN now owns 9,000 shares of the communications equipment provider’s stock valued at $88,000 after buying an additional 6,000 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Allot in the 3rd quarter valued at $108,000. Institutional investors and hedge funds own 51.50% of the company’s stock.

Allot Company Profile

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.