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

Allot Ltd. (NASDAQ:ALLT) insider Mark Shteiman sold 5,000 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $7.32, for a total value of $36,600.00. Following the completion of the sale, the insider directly owned 225,000 shares in the company, valued at $1,647,000. This represents a 2.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Mark Shteiman also recently made the following trade(s):

• On Monday, May 18th, Mark Shteiman sold 3,000 shares of Allot stock. The shares were sold at an average price of $7.13, for a total value of $21,390.00.

Allot Price Performance

ALLT stock opened at $7.40 on Friday. The firm has a market capitalization of $360.01 million, a P/E ratio of 56.93 and a beta of 1.46. The business’s 50-day moving average is $7.07 and its two-hundred day moving average is $8.61. Allot Ltd. has a 1 year low of $6.12 and a 1 year high of $11.92.

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

Analyst Ratings Changes

ALLT has been the topic of several research analyst reports. Wall Street Zen raised Allot from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. TD Cowen set a $11.00 price target on Allot in a research report on Wednesday, February 25th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $15.00 price target on shares of Allot in a research report on Wednesday, May 13th. Finally, Needham & Company LLC lifted their price target on Allot from $8.50 to $10.50 and gave the stock a “buy” rating 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 given a Sell rating to the company’s stock. According to data from MarketBeat, Allot has a consensus rating of “Moderate Buy” and an average price target of $13.63.

Institutional Trading of Allot

A number of institutional investors have recently modified their holdings of the business. QVT Financial LP boosted its stake in shares of Allot by 12.4% in the fourth quarter. QVT Financial LP now owns 5,062,523 shares of the communications equipment provider’s stock valued at $49,765,000 after buying an additional 556,730 shares in the last quarter. Kanen Wealth Management LLC boosted its stake in shares of Allot by 1.1% in the first quarter. Kanen Wealth Management LLC now owns 4,653,697 shares of the communications equipment provider’s stock valued at $30,994,000 after buying an additional 51,029 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Allot by 10.5% during the fourth quarter. Renaissance Technologies LLC now owns 1,119,939 shares of the communications equipment provider’s stock worth $11,009,000 after purchasing an additional 106,740 shares during the last quarter. Greenhaven Road Investment Management L.P. raised its holdings in Allot by 12.8% during the fourth quarter. Greenhaven Road Investment Management L.P. now owns 856,991 shares of the communications equipment provider’s stock worth $8,424,000 after purchasing an additional 97,348 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Allot by 239.4% during the third quarter. Millennium Management LLC now owns 753,393 shares of the communications equipment provider’s stock worth $7,971,000 after purchasing an additional 531,412 shares during the last quarter. 51.50% of the stock is currently owned by hedge funds and other institutional investors.

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.