Riverwater Partners LLC Invests $1.66 Million in Allot Ltd. $ALLT

Riverwater Partners LLC bought a new position in Allot Ltd. (NASDAQ:ALLT) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 168,689 shares of the communications equipment provider’s stock, valued at approximately $1,658,000. Riverwater Partners LLC owned 0.35% of Allot as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Raiffeisen Bank International AG acquired a new stake in Allot during the third quarter valued at $2,937,000. Potomac Capital Management Inc. acquired a new stake in Allot during the fourth quarter valued at $3,483,000. Greenhaven Road Investment Management L.P. boosted its position in Allot by 21.3% during the third quarter. Greenhaven Road Investment Management L.P. now owns 759,643 shares of the communications equipment provider’s stock valued at $8,037,000 after purchasing an additional 133,619 shares during the last quarter. DCF Advisers LLC boosted its position in Allot by 98.6% during the third quarter. DCF Advisers LLC now owns 70,000 shares of the communications equipment provider’s stock valued at $741,000 after purchasing an additional 34,762 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Allot during the third quarter valued at $289,000. Institutional investors and hedge funds own 51.50% of the company’s stock.

Insiders Place Their Bets

In other Allot news, SVP Boaz Grossman sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $7.37, for a total value of $36,850.00. Following the completion of the sale, the senior vice president owned 192,000 shares of the company’s stock, valued at $1,415,040. The trade was a 2.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Noam Lelah sold 21,000 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $8.48, for a total value of $178,080.00. Following the completion of the sale, the senior vice president directly owned 176,250 shares of the company’s stock, valued at $1,494,600. This represents a 10.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 45,556 shares of company stock valued at $359,464 over the last quarter. Insiders own 3.40% of the company’s stock.

Wall Street Analyst Weigh In

ALLT has been the subject of a number of research reports. Cantor Fitzgerald reissued an “overweight” rating and set a $15.00 price objective on shares of Allot in a research report on Wednesday, May 13th. Needham & Company LLC lifted their price objective on Allot from $8.50 to $10.50 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Wall Street Zen raised Allot from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, TD Cowen set a $11.00 price objective on Allot in a research report on Wednesday, February 25th. 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $13.63.

Allot Price Performance

Shares of NASDAQ:ALLT opened at $7.21 on Friday. Allot Ltd. has a fifty-two week low of $6.12 and a fifty-two week high of $11.92. The business has a 50-day moving average of $7.41 and a two-hundred day moving average of $8.48. The stock has a market capitalization of $350.77 million, a P/E ratio of 55.47 and a beta of 1.48.

Allot (NASDAQ:ALLT) last announced its quarterly earnings results 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 during the quarter. As a group, research analysts expect that Allot Ltd. will post 0.21 EPS for the current fiscal year.

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.