Allot (NASDAQ:ALLT) Insider Sells $15,000.00 in Stock

Allot Ltd. (NASDAQ:ALLT) insider Mark Shteiman sold 2,000 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $7.50, for a total value of $15,000.00. Following the completion of the sale, the insider directly owned 212,000 shares in the company, valued at $1,590,000. This represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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 value of $45,480.00.
• On Thursday, May 21st, Mark Shteiman sold 5,000 shares of Allot stock. The shares were 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 value 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 Stock Performance

NASDAQ ALLT traded down $0.04 during trading hours on Tuesday, hitting $7.35. The company had a trading volume of 51,622 shares, compared to its average volume of 460,220. Allot Ltd. has a 1-year low of $6.12 and a 1-year high of $11.92. The company has a market cap of $357.33 million, a PE ratio of 57.00 and a beta of 1.48. The business has a 50 day moving average of $7.42 and a 200-day moving average of $8.45.

Allot (NASDAQ:ALLT) last released its quarterly earnings data on Tuesday, March 31st. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $26.43 million during the quarter. Allot had a net margin of 5.68% and a return on equity of 7.38%. Sell-side analysts expect that Allot Ltd. will post 0.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Quarry LP acquired a new stake in shares of Allot in the third quarter valued at approximately $37,000. Kestra Advisory Services LLC acquired a new stake in Allot during the fourth quarter worth about $62,000. State of Wyoming purchased a new stake in shares of Allot in the fourth quarter worth about $66,000. Wells Fargo & Company MN boosted its position 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 worth $88,000 after buying an additional 6,000 shares during the period. Finally, Invesco Ltd. purchased a new stake in shares of Allot in the fourth quarter worth about $112,000. Hedge funds and other institutional investors own 51.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wall Street Zen upgraded Allot from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. TD Cowen set a $11.00 target price on Allot in a research note on Wednesday, February 25th. Needham & Company LLC lifted their target price on Allot from $8.50 to $10.50 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $15.00 price target on shares of Allot in a report on Wednesday, May 13th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Allot currently has an average rating of “Moderate Buy” and a consensus 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.