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

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

Allot Stock Performance

Allot stock opened at $7.15 on Wednesday. The company’s fifty day moving average price is $7.43 and its 200 day moving average price is $8.43. Allot Ltd. has a 1 year low of $6.12 and a 1 year high of $11.92. The stock has a market capitalization of $347.85 million, a P/E ratio of 55.00 and a beta of 1.48.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Needham & Company LLC raised their target price 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 raised Allot from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. TD Cowen set a $11.00 target price on Allot in a report on Wednesday, February 25th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $15.00 price target on shares of Allot in a research report on Wednesday, May 13th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $13.63.

Institutional Trading of Allot

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. acquired a new position in shares of Allot in the second quarter valued at approximately $2,225,000. Russell Investments Group Ltd. acquired a new position in Allot during the 2nd quarter worth $350,000. Arrowstreet Capital Limited Partnership acquired a new position in Allot during the 2nd quarter worth $156,000. Walleye Capital LLC purchased a new stake in Allot during the 2nd quarter worth about $256,000. Finally, Marshall Wace LLP acquired a new stake in Allot in the 2nd quarter valued at about $2,320,000. Institutional investors and hedge funds own 51.50% of the company’s stock.

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.