Allot Ltd. (NASDAQ:ALLT) Receives $13.62 Consensus Target Price from Analysts

Allot Ltd. (NASDAQ:ALLT) has earned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $13.6250.

Several analysts have commented on the stock. Wall Street Zen raised shares of Allot from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings restated a “sell (d+)” rating on shares of Allot in a report on Friday, June 26th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $15.00 price objective on shares of Allot in a research note on Wednesday, May 13th. Finally, Needham & Company LLC upped their price objective on shares of Allot from $8.50 to $10.50 and gave the stock a “buy” rating in a report on Wednesday, May 13th.

Insider Transactions at Allot

In other news, SVP Noam Lelah sold 21,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $8.48, for a total value of $178,080.00. Following the completion of the sale, the senior vice president directly owned 176,250 shares in the company, valued at approximately $1,494,600. The trade was a 10.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Boaz Grossman sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $7.37, for a total transaction of $36,850.00. Following the sale, the senior vice president directly owned 192,000 shares of the company’s stock, valued at approximately $1,415,040. This represents a 2.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 47,556 shares of company stock worth $374,464. 3.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Worth Venture Partners LLC lifted its stake in shares of Allot by 4.6% in the third quarter. Worth Venture Partners LLC now owns 43,941 shares of the communications equipment provider’s stock valued at $465,000 after buying an additional 1,946 shares during the period. DCF Advisers LLC increased its stake in Allot by 2.9% during the fourth quarter. DCF Advisers LLC now owns 72,000 shares of the communications equipment provider’s stock valued at $708,000 after acquiring an additional 2,000 shares during the period. Magnetar Financial LLC increased its stake in Allot by 10.8% during the third quarter. Magnetar Financial LLC now owns 22,404 shares of the communications equipment provider’s stock valued at $237,000 after acquiring an additional 2,192 shares during the period. XTX Topco Ltd increased its stake in Allot by 8.5% during the fourth quarter. XTX Topco Ltd now owns 34,536 shares of the communications equipment provider’s stock valued at $339,000 after acquiring an additional 2,718 shares during the period. Finally, Quarry LP acquired a new position in Allot in the 3rd quarter valued at approximately $37,000. Institutional investors own 51.50% of the company’s stock.

Allot Price Performance

Shares of NASDAQ ALLT opened at $8.70 on Friday. Allot has a one year low of $6.12 and a one year high of $11.92. The business’s 50-day moving average price is $7.58 and its two-hundred day moving average price is $8.28. The company has a market capitalization of $423.25 million, a P/E ratio of 66.93 and a beta of 1.46.

Allot (NASDAQ:ALLT) last announced its quarterly earnings results on Tuesday, March 31st. The communications equipment provider reported $0.06 earnings per share (EPS) 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%. On average, equities analysts anticipate that Allot will post 0.21 EPS for the current year.

Allot announced that its Board of Directors has authorized a share repurchase program on Tuesday, June 23rd that authorizes the company to repurchase $40.00 million in shares. This repurchase authorization authorizes the communications equipment provider to buy up to 11.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

About Allot

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.