Allot (NASDAQ:ALLT) Insider Mark Shteiman Sells 5,000 Shares

Allot Ltd. (NASDAQ:ALLT) insider Mark Shteiman sold 5,000 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $7.39, for a total transaction of $36,950.00. Following the completion of the transaction, the insider directly 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 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 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 transaction 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 transaction 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 transaction of $21,390.00.

Allot Price Performance

NASDAQ ALLT opened at $7.70 on Tuesday. The firm’s fifty day moving average price is $7.11 and its 200 day moving average price is $8.59. The company has a market capitalization of $374.61 million, a price-to-earnings ratio of 59.24 and a beta of 1.46. Allot Ltd. has a 12 month low of $6.12 and a 12 month high of $11.92.

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

Institutional Trading of Allot

Several hedge funds have recently made changes to their positions in the company. Worth Venture Partners LLC lifted its stake in shares of Allot by 4.6% in the 3rd quarter. Worth Venture Partners LLC now owns 43,941 shares of the communications equipment provider’s stock worth $465,000 after acquiring an additional 1,946 shares during the period. DCF Advisers LLC lifted its stake in shares of Allot by 2.9% in the 4th quarter. DCF Advisers LLC now owns 72,000 shares of the communications equipment provider’s stock worth $708,000 after acquiring an additional 2,000 shares during the period. Magnetar Financial LLC lifted its stake in shares of Allot by 10.8% in the 3rd quarter. Magnetar Financial LLC now owns 22,404 shares of the communications equipment provider’s stock worth $237,000 after acquiring an additional 2,192 shares during the period. XTX Topco Ltd lifted its stake in shares of Allot by 8.5% in the 4th quarter. XTX Topco Ltd now owns 34,536 shares of the communications equipment provider’s stock worth $339,000 after acquiring an additional 2,718 shares during the period. Finally, Quarry LP acquired a new stake in shares of Allot in the 3rd quarter worth $37,000. Institutional investors and hedge funds own 51.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Allot from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Cantor Fitzgerald reiterated an “overweight” rating and set a $15.00 price target on shares of Allot in a research note on Wednesday, May 13th. TD Cowen set a $11.00 price target on shares of Allot in a research note on Wednesday, February 25th. Finally, 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. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Allot presently has a consensus rating of “Moderate Buy” and an average price target of $13.63.

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.