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

Allot Ltd. (NASDAQ:ALLT) insider Mark Shteiman sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $7.50, for a total transaction of $15,000.00. Following the transaction, the insider 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 document filed with the Securities & Exchange Commission, which is accessible 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 stock was 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 stock was 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 value of $21,390.00.

Allot Stock Performance

ALLT opened at $7.18 on Friday. Allot Ltd. has a one year low of $6.12 and a one year high of $11.92. The stock’s fifty day moving average is $7.43 and its 200-day moving average is $8.40. The company has a market capitalization of $349.31 million, a PE ratio of 55.24 and a beta of 1.48.

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 business had revenue of $26.43 million during the quarter. On average, equities research analysts forecast that Allot Ltd. will post 0.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Allot

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP purchased a new stake in shares of Allot during the third quarter valued at $37,000. Kestra Advisory Services LLC purchased a new position in Allot in the 4th quarter worth about $62,000. State of Wyoming acquired a new stake in Allot during the 4th quarter worth about $66,000. Wells Fargo & Company MN raised its holdings in Allot by 200.0% during the 4th 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 Allot during the fourth quarter valued at about $112,000. 51.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ALLT shares. TD Cowen set a $11.00 price objective on shares of Allot in a research report on Wednesday, February 25th. Wall Street Zen upgraded shares of Allot from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Needham & Company LLC increased their target price on shares of 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 target price on shares of Allot in a research note on Wednesday, May 13th. Five equities research 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.62.

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.