Insider Buying: A10 Networks Director Buys 5,000 Shares of Stock (ATEN)
A10 Networks (NASDAQ:ATEN) Director Phillip J. Salsbury bought 5,000 shares of A10 Networks stock in a transaction dated Thursday, June 5th. The shares were purchased at an average price of $10.94 per share, with a total value of $54,700.00. Following the completion of the purchase, the director now directly owns 45,000 shares of the company’s stock, valued at approximately $492,300. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of A10 Networks (NASDAQ:ATEN) traded up 7.05% on Monday, hitting $12.00. 249,861 shares of the company’s stock traded hands. A10 Networks has a 1-year low of $10.20 and a 1-year high of $16.50. The stock’s 50-day moving average is $11.92 and its 200-day moving average is $12.88. The company’s market cap is $708.4 million.
A10 Networks (NASDAQ:ATEN) last released its earnings data on Thursday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.04. The company had revenue of $45.70 million for the quarter, compared to the consensus estimate of $42.80 million. During the same quarter in the previous year, the company posted ($0.12) earnings per share. The company’s revenue for the quarter was up 54.4% on a year-over-year basis. On average, analysts predict that A10 Networks will post $-0.33 earnings per share for the current fiscal year.
ATEN has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of A10 Networks from $16.00 to $17.00 in a research note on Friday, May 2nd. They now have an “overweight” rating on the stock. Separately, analysts at Zacks initiated coverage on shares of A10 Networks in a research note on Wednesday, April 23rd. They set a “hold” rating on the stock. Finally, analysts at Citigroup Inc. initiated coverage on shares of A10 Networks in a research note on Monday, April 21st. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. A10 Networks has a consensus rating of “Buy” and a consensus price target of $18.67.
A10 Networks, Inc (NASDAQ:ATEN) is a provider of advanced application networking technologies.
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