Allot (NASDAQ:ALLT) SVP Boaz Grossman Sells 5,000 Shares

Allot Ltd. (NASDAQ:ALLT) 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 value of $36,850.00. Following the completion of the sale, the senior vice president directly owned 192,000 shares in the company, valued at approximately $1,415,040. The trade was a 2.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Allot Trading Up 2.2%

Shares of Allot stock opened at $7.40 on Friday. Allot Ltd. has a 12 month low of $6.12 and a 12 month high of $11.92. 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 has a fifty day simple moving average of $7.07 and a two-hundred day simple moving average of $8.61.

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

Institutional Trading of Allot

A number of institutional investors have recently made changes to their positions in the stock. Worth Venture Partners LLC grew 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 worth $465,000 after acquiring an additional 1,946 shares during the period. DCF Advisers LLC lifted its position 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 purchasing an additional 2,000 shares during the period. Magnetar Financial LLC boosted its holdings in Allot by 10.8% in the third quarter. Magnetar Financial LLC now owns 22,404 shares of the communications equipment provider’s stock worth $237,000 after purchasing an additional 2,192 shares during the last quarter. XTX Topco Ltd boosted its holdings in Allot by 8.5% in the fourth quarter. XTX Topco Ltd now owns 34,536 shares of the communications equipment provider’s stock worth $339,000 after purchasing an additional 2,718 shares during the last quarter. Finally, Quarry LP bought a new stake in Allot in the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 51.50% of the company’s stock.

Analyst Ratings Changes

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