Allot Ltd. (NASDAQ:ALLT – Get Free Report) insider Mark Shteiman sold 6,000 shares of Allot stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $7.58, for a total value of $45,480.00. Following the completion of the transaction, the insider owned 214,000 shares of the company’s stock, valued at approximately $1,622,120. This trade represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Mark Shteiman also recently made the following trade(s):
- 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 value of $21,390.00.
Allot Trading Up 3.0%
NASDAQ:ALLT opened at $7.94 on Friday. The firm has a market cap of $386.28 million, a PE ratio of 61.08 and a beta of 1.46. The stock has a fifty day moving average price of $7.18 and a 200 day moving average price of $8.56. Allot Ltd. has a 12-month low of $6.12 and a 12-month high of $11.92.
Institutional Investors Weigh In On Allot
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Raiffeisen Bank International AG purchased a new stake in shares of Allot in the 3rd quarter valued at about $2,937,000. Greenhaven Road Investment Management L.P. lifted its holdings in shares of Allot by 21.3% in the 3rd 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. Y Intercept Hong Kong Ltd purchased a new stake in shares of Allot in the 3rd quarter valued at about $108,000. Advisory Alpha LLC purchased a new stake in shares of Allot in the 4th quarter valued at about $153,000. Finally, State of New Jersey Common Pension Fund D purchased a new stake in shares of Allot in the 4th quarter valued at about $226,000. 51.50% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts recently issued reports on ALLT shares. TD Cowen set a $11.00 price target on shares of Allot in a research note on Wednesday, February 25th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $15.00 price target on shares of Allot in a report on Wednesday, May 13th. Needham & Company LLC lifted their price target on Allot from $8.50 to $10.50 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, Wall Street Zen raised Allot from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Five research 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. According to data from MarketBeat, Allot currently has an average rating of “Moderate Buy” and a consensus target price of $13.63.
View Our Latest Report on Allot
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.
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