Mark Shteiman Sells 2,000 Shares of Allot (NASDAQ:ALLT) Stock

Allot Ltd. (NASDAQ:ALLT) insider Mark Shteiman sold 2,000 shares of Allot stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $7.50, for a total transaction of $15,000.00. Following the transaction, the insider directly owned 212,000 shares of the company’s stock, valued at approximately $1,590,000. This represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 transaction 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 transaction 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 transaction 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 transaction of $21,390.00.

Allot Trading Down 1.0%

ALLT stock opened at $7.08 on Thursday. Allot Ltd. has a 12 month low of $6.12 and a 12 month high of $11.92. The company has a 50-day moving average price of $7.42 and a 200 day moving average price of $8.41. The stock has a market cap of $344.44 million, a PE ratio of 54.47 and a beta of 1.48.

Allot (NASDAQ:ALLT) last released its quarterly earnings results on Tuesday, March 31st. The communications equipment provider reported $0.06 EPS for the quarter. Allot had a net margin of 5.68% and a return on equity of 7.38%. The firm had revenue of $26.43 million during the quarter. Sell-side analysts forecast that Allot Ltd. will post 0.21 EPS for the current year.

Institutional Investors Weigh In On Allot

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ALLT. Quarry LP bought a new stake in Allot during the 3rd quarter valued at about $37,000. Kestra Advisory Services LLC bought a new stake in Allot during the 4th quarter valued at about $62,000. State of Wyoming bought a new stake in shares of Allot in the 4th quarter valued at about $66,000. Wells Fargo & Company MN raised its holdings in shares of Allot by 200.0% in the 4th quarter. Wells Fargo & Company MN now owns 9,000 shares of the communications equipment provider’s stock valued at $88,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Invesco Ltd. bought a new stake in shares of Allot in the 4th quarter valued at about $112,000. Institutional investors own 51.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on ALLT. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $15.00 price target on shares of Allot in a research note on Wednesday, May 13th. Needham & Company LLC lifted their price target on shares of Allot from $8.50 to $10.50 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Wall Street Zen upgraded shares of Allot from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, TD Cowen set a $11.00 price objective on shares of Allot in a report on Wednesday, February 25th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Allot has an average rating of “Moderate Buy” and a consensus price target of $13.63.

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.