Allot Ltd. (ALLT) - What Are Researchers Saying About This Stock?

Key Points

• Analyst sentiment is moderately bullish: Six analysts rate Allot a consensus “Moderate Buy,” with four buys, one hold and one sell. The average 12-month price target is $13.38, above the reported $8.94 opening price.
• Insiders have been selling shares: Company insiders sold 66,333 shares worth approximately $512,240 over the past 90 days, while insiders currently own 3.40% of the stock.
• Allot exceeded quarterly expectations: The company reported adjusted earnings of $0.09 per share versus a $0.06 consensus estimate and revenue of $27.74 million, slightly above expectations. Institutional investors and hedge funds own 51.50% of the company.

Shares of Allot Ltd. (NASDAQ:ALLT - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $13.38.

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

Insider Buying and Selling at Allot

In other news, SVP Boaz Grossman sold 4,000 shares of the company's stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $7.80, for a total transaction of $31,200.00. Following the transaction, the senior vice president directly owned 182,000 shares in the company, valued at approximately $1,419,600. This represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gili Groner sold 26,666 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $7.86, for a total transaction of $209,594.76. Following the sale, the insider directly owned 59,467 shares in the company, valued at $467,410.62. This trade represents a 30.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 66,333 shares of company stock worth $512,240. 3.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ALLT. Squarepoint Ops LLC increased its stake in shares of Allot by 36.0% in the 2nd quarter. Squarepoint Ops LLC now owns 14,775 shares of the communications equipment provider's stock valued at $131,000 after buying an additional 3,908 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in shares of 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 worth $857,000 after acquiring an additional 19,013 shares during the last quarter. Kanen Wealth Management LLC lifted its stake in shares of Allot by 1.1% during the first quarter. Kanen Wealth Management LLC now owns 4,653,697 shares of the communications equipment provider's stock valued at $30,994,000 after acquiring an additional 51,029 shares during the period. Penbrook Management LLC lifted its stake in shares of Allot by 37.1% during the third quarter. Penbrook Management LLC now owns 377,395 shares of the communications equipment provider's stock valued at $3,185,000 after acquiring an additional 102,100 shares during the period. Finally, Lazard Asset Management LLC bought a new position in Allot in the first quarter valued at about $1,208,000. Institutional investors and hedge funds own 51.50% of the company's stock.

Allot Trading Down 2.3%

Shares of Allot stock opened at $8.94 on Friday. The stock has a market capitalization of $440.74 million, a price-to-earnings ratio of 40.64 and a beta of 1.48. The firm's 50-day moving average price is $8.27 and its two-hundred day moving average price is $8.06. Allot has a 1-year low of $6.12 and a 1-year high of $11.92.

Allot (NASDAQ:ALLT - Get Free Report) last announced its earnings results on Thursday, August 13th. The communications equipment provider reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. Allot had a return on equity of 9.64% and a net margin of 9.40%. The business had revenue of $27.74 million for the quarter, compared to the consensus estimate of $27.45 million. As a group, equities research analysts predict that Allot will post 0.23 EPS 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.

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