Allot Ltd. (NASDAQ:ALLT – Get Free Report) insider Mark Shteiman sold 5,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $7.39, for a total transaction of $36,950.00. Following the transaction, the insider owned 220,000 shares in the company, valued at $1,625,800. The trade was a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
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 transaction of $45,480.00.
- On Tuesday, May 19th, Mark Shteiman sold 5,000 shares of Allot stock. The stock was sold at an average price of $7.32, for a total transaction of $36,600.00.
- On Monday, May 18th, Mark Shteiman sold 3,000 shares of Allot stock. The stock was sold at an average price of $7.13, for a total transaction of $21,390.00.
Allot Stock Performance
ALLT opened at $7.70 on Tuesday. The firm has a market capitalization of $374.61 million, a PE ratio of 59.24 and a beta of 1.46. Allot Ltd. has a twelve month low of $6.12 and a twelve month high of $11.92. The firm’s 50-day moving average price is $7.11 and its 200 day moving average price is $8.59.
Wall Street Analyst Weigh In
ALLT has been the topic of a number of research analyst reports. Needham & Company LLC boosted their price target 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. Wall Street Zen raised shares of Allot from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Cantor Fitzgerald reissued an “overweight” rating and issued a $15.00 price target on shares of Allot in a research note on Wednesday, May 13th. Finally, TD Cowen set a $11.00 price target on shares of Allot in a research note on Wednesday, February 25th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Allot has an average rating of “Moderate Buy” and an average target price of $13.63.
View Our Latest Analysis on ALLT
Institutional Investors Weigh In On Allot
Large investors have recently modified their holdings of the company. Quarry LP purchased a new stake in shares of Allot in the 3rd quarter valued at approximately $37,000. Kestra Advisory Services LLC purchased a new position in shares of Allot in the 4th quarter valued at $62,000. State of Wyoming purchased a new position in shares of Allot in the 4th quarter valued at $66,000. Wells Fargo & Company MN grew its position 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 buying an additional 6,000 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Allot in the 3rd quarter valued at $108,000. 51.50% of the stock is owned by hedge funds and other 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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