Allot Ltd. (NASDAQ:ALLT – Get Free Report) insider Mark Shteiman sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $7.32, for a total transaction of $36,600.00. Following the completion of the transaction, the insider owned 225,000 shares in the company, valued at approximately $1,647,000. This represents a 2.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Mark Shteiman also recently made the following trade(s):
- 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 Down 3.0%
ALLT stock traded down $0.23 during trading hours on Wednesday, hitting $7.25. The company’s stock had a trading volume of 135,880 shares, compared to its average volume of 473,777. The company has a market capitalization of $352.81 million, a PE ratio of 55.66 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 $7.05 and a two-hundred day moving average price of $8.64.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Allot from a “hold” rating to a “buy” rating in a research note on Saturday. Cantor Fitzgerald reiterated an “overweight” rating and set a $15.00 target price on shares of Allot in a research report on Wednesday, May 13th. TD Cowen set a $11.00 target price on shares of Allot in a research report on Wednesday, February 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Allot in a research report on Wednesday, January 21st. Finally, Needham & Company LLC increased their target price on shares of Allot from $8.50 to $10.50 and gave the stock a “buy” rating in a research report 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.63.
View Our Latest Stock Analysis on Allot
Institutional Investors Weigh In On Allot
Hedge funds have recently added to or reduced their stakes in the stock. Quarry LP bought a new stake in Allot during the 3rd quarter worth about $37,000. Kestra Advisory Services LLC bought a new position in shares of Allot in the 4th quarter valued at about $62,000. State of Wyoming bought a new position in shares of Allot in the 4th quarter valued at about $66,000. Wells Fargo & Company MN boosted its stake in shares of Allot by 200.0% in the 4th quarter. Wells Fargo & Company MN now owns 9,000 shares of the communications equipment provider’s stock valued at $88,000 after purchasing an additional 6,000 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Allot in the 3rd quarter valued at about $108,000. Institutional investors own 51.50% of the company’s stock.
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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