Allot (NASDAQ:ALLT) Insider Mark Shteiman Sells 3,000 Shares of Stock

Allot Ltd. (NASDAQ:ALLT) insider Mark Shteiman sold 3,000 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $7.13, for a total transaction of $21,390.00. Following the transaction, the insider owned 230,000 shares in the company, valued at approximately $1,639,900. The trade was a 1.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Allot Stock Performance

Shares of NASDAQ:ALLT opened at $7.48 on Wednesday. The company has a 50-day simple moving average of $7.05 and a 200 day simple moving average of $8.64. The company has a market capitalization of $363.90 million, a P/E ratio of 57.54 and a beta of 1.46. Allot Ltd. has a 52-week low of $6.12 and a 52-week high of $11.92.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ALLT. Worth Venture Partners LLC increased 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 valued at $465,000 after buying an additional 1,946 shares during the period. DCF Advisers LLC lifted its stake in shares of Allot by 2.9% in the fourth quarter. DCF Advisers LLC now owns 72,000 shares of the communications equipment provider’s stock worth $708,000 after acquiring 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 valued at $237,000 after acquiring 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 valued at $339,000 after acquiring an additional 2,718 shares during the last quarter. Finally, Quarry LP acquired a new stake in Allot during the 3rd quarter valued at approximately $37,000. 51.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ALLT has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Allot in a research report on Wednesday, January 21st. TD Cowen set a $11.00 price objective on Allot in a research note on Wednesday, February 25th. Needham & Company LLC increased their price target on Allot from $8.50 to $10.50 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Cantor Fitzgerald restated an “overweight” rating and set a $15.00 price target on shares of Allot in a report on Wednesday, May 13th. Finally, Wall Street Zen upgraded shares of Allot from a “hold” rating to a “buy” rating in a report on Saturday. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Allot presently has an average rating of “Moderate Buy” and a consensus 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.