Allot Ltd. (NASDAQ:ALLT) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Allot Ltd. (NASDAQ:ALLT) have received an average recommendation of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $13.6250.

A number of research firms have weighed in on ALLT. TD Cowen set a $11.00 price objective on shares of Allot in a research report on Wednesday, February 25th. Wall Street Zen raised shares of Allot from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Needham & Company LLC upped their price objective on shares of Allot from $8.50 to $10.50 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $15.00 price objective on shares of Allot in a research report on Wednesday, May 13th.

Allot Trading Up 5.5%

Shares of Allot stock opened at $8.61 on Tuesday. The company has a fifty day moving average price of $7.25 and a 200 day moving average price of $8.55. Allot has a twelve month low of $6.12 and a twelve month high of $11.92. The stock has a market cap of $418.88 million, a price-to-earnings ratio of 66.24 and a beta of 1.48.

Allot (NASDAQ:ALLT) last announced its quarterly earnings results 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 firm had revenue of $26.43 million during the quarter. Analysts forecast that Allot will post 0.21 earnings per share for the current year.

Insider Transactions at Allot

In other Allot news, insider Mark Shteiman sold 6,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $7.58, for a total value of $45,480.00. Following the completion of the transaction, the insider directly owned 214,000 shares of the company’s stock, valued at $1,622,120. This represents a 2.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Boaz Grossman sold 5,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $7.37, for a total transaction of $36,850.00. Following the completion of the transaction, the senior vice president directly owned 192,000 shares of the company’s stock, valued at approximately $1,415,040. The trade was a 2.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 24,556 shares of company stock valued at $181,384. 3.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Allot

Institutional investors have recently modified their holdings of the stock. Raiffeisen Bank International AG acquired a new stake in shares of Allot in the 3rd quarter valued at about $2,937,000. Greenhaven Road Investment Management L.P. raised its stake in shares of Allot by 21.3% in the 3rd quarter. Greenhaven Road Investment Management L.P. now owns 759,643 shares of the communications equipment provider’s stock valued at $8,037,000 after purchasing an additional 133,619 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Allot by 12.8% in the 4th quarter. Jane Street Group LLC now owns 298,521 shares of the communications equipment provider’s stock valued at $2,934,000 after purchasing an additional 33,914 shares in the last quarter. Boothbay Fund Management LLC acquired a new stake in shares of Allot in the 2nd quarter valued at about $3,164,000. Finally, Renaissance Technologies LLC raised its stake in shares of Allot by 10.5% in the 4th quarter. Renaissance Technologies LLC now owns 1,119,939 shares of the communications equipment provider’s stock valued at $11,009,000 after purchasing an additional 106,740 shares in the last quarter. 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.