Allot (NASDAQ:ALLT) Insider Mark Shteiman Sells 5,000 Shares

Allot Ltd. (NASDAQ:ALLT) insider Mark Shteiman sold 5,000 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $7.39, for a total value of $36,950.00. Following the completion of the transaction, the insider directly owned 220,000 shares of the company’s stock, valued at approximately $1,625,800. This represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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 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 Stock Down 0.1%

Shares of ALLT opened at $7.69 on Wednesday. Allot Ltd. has a 52-week low of $6.12 and a 52-week high of $11.92. The company has a market capitalization of $374.12 million, a PE ratio of 59.16 and a beta of 1.46. The stock has a fifty day simple moving average of $7.14 and a two-hundred day simple moving average of $8.58.

Allot (NASDAQ:ALLT) last released its quarterly earnings results on Tuesday, March 31st. The communications equipment provider reported $0.06 earnings per share for the quarter. The business had revenue of $26.43 million during the quarter. Allot had a return on equity of 7.38% and a net margin of 5.68%. As a group, equities analysts anticipate that Allot Ltd. will post 0.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ALLT shares. TD Cowen set a $11.00 price target on Allot in a research report on Wednesday, February 25th. Needham & Company LLC increased their price target on Allot from $8.50 to $10.50 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Wall Street Zen raised Allot from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $15.00 price target on shares of Allot in a research report on Wednesday, May 13th. Five investment 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $13.63.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Quarry LP acquired a new position in Allot during the third quarter worth approximately $37,000. Kestra Advisory Services LLC acquired a new position in Allot during the fourth quarter worth approximately $62,000. State of Wyoming acquired a new position in Allot during the fourth quarter worth approximately $66,000. Wells Fargo & Company MN increased its position in Allot by 200.0% during the fourth quarter. Wells Fargo & Company MN now owns 9,000 shares of the communications equipment provider’s stock worth $88,000 after buying an additional 6,000 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in Allot during the third quarter worth approximately $108,000. Institutional investors and hedge funds 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.