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 dated Tuesday, May 19th. The shares were sold at an average price of $7.32, for a total transaction of $36,600.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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 transaction of $21,390.00.

Allot Stock Down 3.0%

Allot stock traded down $0.23 during midday trading on Wednesday, hitting $7.25. 135,880 shares of the stock were exchanged, compared to its average volume of 473,777. The company has a fifty day simple moving average of $7.05 and a two-hundred day simple moving average of $8.64. Allot Ltd. has a 52 week low of $6.12 and a 52 week high of $11.92. The stock has a market capitalization of $352.81 million, a PE ratio of 55.66 and a beta of 1.46.

Allot (NASDAQ:ALLT) last released its quarterly earnings data on Tuesday, March 31st. The communications equipment provider reported $0.06 earnings per share for the quarter. Allot had a net margin of 5.68% and a return on equity of 7.38%. The business had revenue of $26.43 million for the quarter. As a group, equities research analysts anticipate that Allot Ltd. will post 0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Allot

Institutional investors have recently added to or reduced their stakes in the company. Quarry LP acquired a new position in shares of Allot in the third quarter valued at $37,000. Kestra Advisory Services LLC acquired a new position in shares of Allot in the fourth quarter valued at $62,000. State of Wyoming acquired a new position in shares of Allot in the fourth quarter valued at $66,000. Wells Fargo & Company MN increased its holdings in shares of Allot by 200.0% in the fourth quarter. Wells Fargo & Company MN now owns 9,000 shares of the communications equipment provider’s stock valued at $88,000 after purchasing an additional 6,000 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Allot in the third quarter valued at $108,000. 51.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ALLT has been the topic of several recent analyst reports. TD Cowen set a $11.00 price objective on shares of Allot in a research note on Wednesday, February 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Allot in a report on Wednesday, January 21st. Wall Street Zen upgraded shares of Allot from a “hold” rating to a “buy” rating in a report on Saturday. Cantor Fitzgerald reiterated an “overweight” rating and issued 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 shares of Allot from $8.50 to $10.50 and gave the company a “buy” rating in a report 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $13.63.

About Allot

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.