Allot Ltd. (NASDAQ:ALLT) Short Interest Update

Allot Ltd. (NASDAQ:ALLT) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 1,492,864 shares, a growth of 27.2% from the December 15th total of 1,173,423 shares. Based on an average daily volume of 407,489 shares, the short-interest ratio is currently 3.7 days. Currently, 3.2% of the shares of the company are sold short. Currently, 3.2% of the shares of the company are sold short. Based on an average daily volume of 407,489 shares, the short-interest ratio is currently 3.7 days.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ALLT. Cantor Fitzgerald assumed coverage on Allot in a research report on Monday, January 12th. They set an “overweight” rating and a $15.00 price objective for the company. Cowen started coverage on Allot in a research note on Monday, October 20th. They set a “buy” rating on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Allot in a report on Wednesday, October 8th. Northland Securities set a $18.00 price target on shares of Allot in a research report on Tuesday, January 6th. Finally, TD Cowen initiated coverage on Allot in a research note on Monday, October 20th. They issued a “buy” rating and a $13.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $14.63.

Institutional Investors Weigh In On Allot

A number of large investors have recently modified their holdings of the business. Quarry LP acquired a new position in shares of Allot in the 3rd quarter valued at $37,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Allot during the 3rd quarter valued at about $108,000. LeConte Wealth Management LLC purchased a new stake in shares of Allot in the third quarter valued at approximately $128,000. FNY Investment Advisers LLC increased its holdings in Allot by 33.3% in the 2nd quarter. FNY Investment Advisers LLC now owns 14,000 shares of the communications equipment provider’s stock worth $119,000 after acquiring an additional 3,500 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Allot during the second quarter worth about $139,000. Hedge funds and other institutional investors own 51.50% of the company’s stock.

Allot Stock Performance

NASDAQ:ALLT opened at $10.46 on Tuesday. The firm has a 50-day simple moving average of $9.67 and a 200-day simple moving average of $9.19. The firm has a market cap of $506.79 million, a P/E ratio of 348.67 and a beta of 1.52. Allot has a one year low of $4.37 and a one year high of $11.92.

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.