Allot Ltd. (NASDAQ:ALLT – Get Free Report) CEO Eyal Harari sold 28,923 shares of the company’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $8.92, for a total transaction of $257,993.16. Following the transaction, the chief executive officer owned 1,070,195 shares of the company’s stock, valued at $9,546,139.40. This trade represents a 2.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Allot Trading Down 2.7%
ALLT traded down $0.24 during trading on Tuesday, reaching $8.70. 18,763 shares of the company’s stock were exchanged, compared to its average volume of 430,249. The firm has a fifty day moving average price of $8.39 and a two-hundred day moving average price of $7.99. The stock has a market capitalization of $428.91 million, a PE ratio of 39.54 and a beta of 1.51. Allot Ltd. has a one year low of $6.12 and a one year high of $11.92.
Allot (NASDAQ:ALLT – Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The communications equipment provider reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.03. The company had revenue of $27.74 million for the quarter, compared to analysts’ expectations of $27.45 million. Allot had a net margin of 9.40% and a return on equity of 9.64%. Sell-side analysts expect that Allot Ltd. will post 0.23 earnings per share for the current year.
Analyst Ratings Changes
A number of brokerages have recently issued reports on ALLT. Northland Securities set a $17.00 price objective on Allot in a research note on Thursday, August 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of Allot in a research report on Tuesday, September 22nd. Four 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 company. Based on data from MarketBeat, Allot has a consensus rating of “Moderate Buy” and a consensus price target of $13.38.
Read Our Latest Report on ALLT
Institutional Investors Weigh In On Allot
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Eurizon Capital SGR S.p.A. purchased a new position in Allot in the third quarter valued at approximately $247,000. R Squared Ltd purchased a new position in shares of Allot during the 3rd quarter valued at $146,000. Penbrook Management LLC grew its position in Allot by 37.1% during the third quarter. Penbrook Management LLC now owns 377,395 shares of the communications equipment provider’s stock worth $3,185,000 after buying an additional 102,100 shares in the last quarter. Squarepoint Ops LLC boosted its position in shares of Allot by 36.0% during the 2nd quarter. Squarepoint Ops LLC now owns 14,775 shares of the communications equipment provider’s stock valued at $131,000 after acquiring an additional 3,908 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of Allot by 24.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 96,833 shares of the communications equipment provider’s stock worth $857,000 after purchasing an additional 19,013 shares in the last quarter. 51.50% of the stock is owned by hedge funds and other institutional investors.
About Allot
Allot Ltd. is an Israeli technology company that develops network intelligence and security solutions for communications service providers. Its software and hardware are designed to help telecommunications operators monitor network traffic, manage bandwidth, improve service quality and protect infrastructure from cyber threats.
The company’s offerings have included network visibility and analytics tools, traffic management platforms, distributed denial-of-service protection, and security services for mobile, fixed-line and broadband networks.
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