Allot Ltd. (NASDAQ:ALLT – Get Free Report) insider Mark Shteiman sold 3,000 shares of Allot stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $7.13, for a total value of $21,390.00. Following the transaction, the insider directly owned 230,000 shares in the company, valued at approximately $1,639,900. The trade was a 1.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Allot Trading Down 0.2%
Shares of NASDAQ:ALLT traded down $0.02 during mid-day trading on Tuesday, hitting $7.17. 121,755 shares of the company traded hands, compared to its average volume of 471,654. The stock has a market cap of $348.58 million, a P/E ratio of 55.20 and a beta of 1.46. Allot Ltd. has a 12-month low of $6.12 and a 12-month high of $11.92. The stock has a 50-day moving average price of $7.04 and a two-hundred day moving average price of $8.66.
Allot (NASDAQ:ALLT – Get Free Report) last announced its earnings results on Tuesday, May 12th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. The company had revenue of $26.43 million for the quarter, compared to analysts’ expectations of $26.12 million. Allot had a return on equity of 7.38% and a net margin of 5.68%. As a group, analysts expect that Allot Ltd. will post 0.2 earnings per share for the current year.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on Allot
Institutional Trading of Allot
A number of hedge funds have recently bought and sold shares of ALLT. QVT Financial LP raised its stake in shares of Allot by 22.2% in the second quarter. QVT Financial LP now owns 4,505,793 shares of the communications equipment provider’s stock valued at $36,598,000 after buying an additional 817,938 shares during the period. Millennium Management LLC raised its stake in shares of Allot by 239.4% in the third quarter. Millennium Management LLC now owns 753,393 shares of the communications equipment provider’s stock valued at $7,971,000 after buying an additional 531,412 shares during the period. Sei Investments Co. raised its stake in shares of Allot by 744.0% in the first quarter. Sei Investments Co. now owns 523,162 shares of the communications equipment provider’s stock valued at $3,484,000 after buying an additional 461,175 shares during the period. Boothbay Fund Management LLC bought a new stake in shares of Allot in the second quarter valued at $3,164,000. Finally, Potomac Capital Management Inc. bought a new stake in shares of Allot in the fourth quarter valued at $3,483,000. 51.50% of the stock is currently owned by institutional investors.
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.
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