Allot Ltd. (NASDAQ:ALLT – Get Free Report) insider Mark Shteiman sold 2,000 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $7.50, for a total value of $15,000.00. Following the transaction, the insider directly owned 212,000 shares in the company, valued at $1,590,000. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 stock was 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 stock was sold at an average price of $7.13, for a total value of $21,390.00.
Allot Trading Down 0.5%
NASDAQ ALLT traded down $0.04 on Tuesday, reaching $7.35. 51,622 shares of the company were exchanged, compared to its average volume of 460,220. The stock has a market capitalization of $357.33 million, a P/E ratio of 57.00 and a beta of 1.48. The business’s fifty day moving average price is $7.42 and its 200 day moving average price is $8.45. Allot Ltd. has a fifty-two week low of $6.12 and a fifty-two week high of $11.92.
Wall Street Analysts Forecast Growth
ALLT has been the topic of several recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $15.00 price target on shares of Allot in a research note on Wednesday, May 13th. Needham & Company LLC upped their price target on 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 Allot from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, TD Cowen set a $11.00 price target on Allot in a research note on Wednesday, February 25th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.63.
Read Our Latest Analysis on ALLT
Institutional Trading of Allot
Large investors have recently modified their holdings of the stock. Raiffeisen Bank International AG acquired a new stake in Allot in the 3rd quarter valued at about $2,937,000. Potomac Capital Management Inc. acquired a new stake in Allot in the 4th quarter valued at about $3,483,000. Greenhaven Road Investment Management L.P. raised its position in Allot by 12.8% in the 4th quarter. Greenhaven Road Investment Management L.P. now owns 856,991 shares of the communications equipment provider’s stock valued at $8,424,000 after purchasing an additional 97,348 shares in the last quarter. QVT Financial LP raised its position in Allot by 12.4% in the 4th quarter. QVT Financial LP now owns 5,062,523 shares of the communications equipment provider’s stock valued at $49,765,000 after purchasing an additional 556,730 shares in the last quarter. Finally, Riverwater Partners LLC acquired a new stake in Allot in the 4th quarter valued at about $1,658,000. Hedge funds and other 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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