Allot Ltd. (NASDAQ:ALLT) Stock Has Consensus Target Price of $13.38 According to Analysts

Shares of Allot Ltd. (NASDAQ:ALLT) have earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $13.38.

ALLT has been the subject of a number of recent analyst reports. Northland Securities set a $17.00 target price on shares of Allot in a research report on Thursday, August 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Allot in a report on Tuesday, September 22nd.

Insider Buying and Selling at Allot

In related news, SVP Boaz Grossman sold 4,000 shares of Allot stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $7.80, for a total value of $31,200.00. Following the completion of the transaction, the senior vice president directly owned 182,000 shares of the company’s stock, valued at $1,419,600. The trade was a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gili Groner sold 26,666 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $7.86, for a total transaction of $209,594.76. Following the transaction, the insider owned 59,467 shares in the company, valued at approximately $467,410.62. This trade represents a 30.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 37,221 shares of company stock worth $290,212 in the last 90 days. Company insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ALLT. Squarepoint Ops LLC boosted its stake in Allot by 36.0% during the 2nd quarter. Squarepoint Ops LLC now owns 14,775 shares of the communications equipment provider’s stock worth $131,000 after acquiring an additional 3,908 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in Allot by 24.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 96,833 shares of the communications equipment provider’s stock valued at $857,000 after purchasing an additional 19,013 shares during the period. Lazard Asset Management LLC acquired a new position in Allot during the first quarter valued at approximately $1,208,000. Penbrook Management LLC increased its stake in Allot by 37.1% in the third quarter. Penbrook Management LLC now owns 377,395 shares of the communications equipment provider’s stock valued at $3,185,000 after purchasing an additional 102,100 shares in the last quarter. Finally, Sei Investments Co. increased its stake in Allot by 744.0% in the first quarter. Sei Investments Co. now owns 523,162 shares of the communications equipment provider’s stock valued at $3,484,000 after purchasing an additional 461,175 shares in the last quarter. 51.50% of the stock is currently owned by institutional investors.

Allot Price Performance

Shares of ALLT stock opened at $8.18 on Friday. The stock’s fifty day simple moving average is $8.35 and its 200 day simple moving average is $8.01. Allot has a one year low of $6.12 and a one year high of $11.92. The firm has a market cap of $403.30 million, a price-to-earnings ratio of 37.18 and a beta of 1.51.

Allot (NASDAQ:ALLT) last released its quarterly earnings data on Thursday, August 13th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.03. The firm had revenue of $27.74 million during the quarter, compared to analyst estimates of $27.45 million. Allot had a return on equity of 9.64% and a net margin of 9.40%. On average, research analysts anticipate that Allot will post 0.23 earnings per share for the current year.

About Allot

Allot Ltd. is an Israeli technology company that develops network intelligence and security solutions for communications service providers. Its software and hardware are designed to help telecommunications operators monitor network traffic, manage bandwidth, improve service quality and protect infrastructure from cyber threats.

The company’s offerings have included network visibility and analytics tools, traffic management platforms, distributed denial-of-service protection, and security services for mobile, fixed-line and broadband networks.