Allot (NASDAQ:ALLT) CEO Eyal David Harari Sells 28,923 Shares of Stock

Allot Ltd. (NASDAQ:ALLT) CEO Eyal Harari sold 28,923 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $8.92, for a total value of $257,993.16. Following the completion of the sale, the chief executive officer owned 1,070,195 shares of the company’s stock, valued at $9,546,139.40. This represents a 2.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Allot Trading Down 1.8%

Shares of NASDAQ:ALLT opened at $8.78 on Wednesday. The firm has a market capitalization of $432.85 million, a PE ratio of 39.91 and a beta of 1.51. Allot Ltd. has a 1-year low of $6.12 and a 1-year high of $11.92. The business’s 50 day moving average is $8.41 and its 200-day moving average is $7.98.

Allot (NASDAQ:ALLT) last issued its earnings results on Thursday, August 13th. The communications equipment provider reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The business had revenue of $27.74 million during the quarter, compared to analyst estimates of $27.45 million. Allot had a return on equity of 9.64% and a net margin of 9.40%. On average, sell-side analysts predict that Allot Ltd. will post 0.23 EPS for the current year.

Analysts Set New Price Targets

ALLT has been the topic of several analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Allot in a report on Tuesday, September 22nd. Northland Securities set a $17.00 price objective on shares of Allot in a report on Thursday, August 13th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $13.38.

Institutional Investors Weigh In On Allot

Large investors have recently made changes to their positions in the company. Eurizon Capital SGR S.p.A. bought a new position in Allot during the 3rd quarter valued at about $247,000. R Squared Ltd bought a new stake in Allot during the third quarter worth about $146,000. Penbrook Management LLC grew its stake 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 during the last quarter. Squarepoint Ops LLC grew its stake in Allot by 36.0% during the second quarter. Squarepoint Ops LLC now owns 14,775 shares of the communications equipment provider’s stock worth $131,000 after buying an additional 3,908 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased 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 buying an additional 19,013 shares in the last quarter. Institutional investors own 51.50% of the company’s stock.

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.