A10 Networks Inc (NYSE: ATEN) is 11.31% higher on its value in year-to-date trading and has touched a low of $10.03 and a high of $15.99 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ATEN stock was last observed hovering at around $14.85 in the last trading session, with the day’s loss setting it -0.19%.
Currently trading at $14.66, the stock is 9.39% and 9.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.88 million and changing -1.28% at the moment leaves the stock 7.81% off its SMA200. ATEN registered 3.02% gain for a year compared to 6-month loss of -1.94%. The firm has a 50-day simple moving average (SMA 50) of $3.77 and a 200-day simple moving average (SMA200) of $19.79.
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The stock witnessed a 11.14% gain in the last 1 month and extending the period to 3 months gives it a 12.60%, and is 8.19% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.28% over the week and 2.42% over the month.
A10 Networks Inc (ATEN) has around 525 employees, a market worth around $1.09B and $251.70M in sales. Current P/E ratio is 27.62 and Fwd P/E is 16.60. Profit margin for the company is 15.88%. Distance from 52-week low is 46.09% and -8.32% from its 52-week high. The company has generated returns on investments over the last 12 months (18.19%).
A10 Networks Inc quarterly earnings per share for the current quarter are estimated at $0.15 with sales reaching $59.43M over the same period.The EPS is expected to grow by 5.34% this year, but quarterly earnings will post 4.80% year-over-year. Quarterly sales are estimated to grow 3.00% in year-over-year returns.
293 institutions hold shares in A10 Networks Inc (ATEN), with institutional investors hold 95.59% of the company’s shares. The shares outstanding are 74.36M, and float is at 68.42M with Short Float at 4.75%. Institutions hold 94.76% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 12.33 million shares valued at $179.96 million. The investor’s holdings represent 16.65% of the ATEN Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 6.78 million shares valued at $98.93 million to account for 9.15% of the shares outstanding. The other top investors are Summit Partners, L.P. which holds 3.89 million shares representing 5.25% and valued at over $56.73 million, while Alliancebernstein L.P. holds 3.74% of the shares totaling 2.77 million with a market value of $40.46 million.
A10 Networks Inc (ATEN) Insider Activity
The most recent transaction is an insider sale by Trivedi Dhrupad, the company’s Chief Executive Officer. SEC filings show that Trivedi Dhrupad sold 60,606 shares of the company’s common stock on Mar 05 ’24 at a price of $13.27 per share for a total of $0.8 million. Following the sale, the insider now owns 0.5 million shares.
A10 Networks Inc disclosed in a document filed with the SEC on Feb 13 ’24 that Becker Brian (Chief Financial Officer) sold a total of 15,000 shares of the company’s common stock. The trade occurred on Feb 13 ’24 and was made at $12.93 per share for $0.19 million. Following the transaction, the insider now directly holds 34252.0 shares of the ATEN stock.
Still, SEC filings show that on Feb 05 ’24, Trivedi Dhrupad (Chief Executive Officer) disposed off 8,679 shares at an average price of $13.06 for $0.11 million. The insider now directly holds 556,420 shares of A10 Networks Inc (ATEN).
