A10 Networks Inc (NYSE: ATEN) is 37.59% higher on its value in year-to-date trading and has touched a low of $12.27 and a high of $18.03 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 $18.02 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $18.12, the stock is 8.06% and 17.44% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing 0.55% at the moment leaves the stock 27.37% off its SMA200. ATEN registered 42.12% gain for a year compared to 6-month gain of 25.92%. The firm has a 50-day simple moving average (SMA 50) of $15.3414 and a 200-day simple moving average (SMA200) of $14.2003.
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The stock witnessed a 23.10% loss in the last 1 month and extending the period to 3 months gives it a 36.55%, and is 5.78% 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 3.34% over the week and 2.74% over the month.
A10 Networks Inc (ATEN) has around 525 employees, a market worth around $1.34B and $257.91M in sales. Current P/E ratio is 27.35 and Fwd P/E is 21.05. Profit margin for the company is 19.29%. Distance from 52-week low is 47.68% and 0.50% from its 52-week high. The company has generated returns on investments over the last 12 months (22.05%).
The EPS is expected to grow by 6.64% this year
319.0 institutions hold shares in A10 Networks Inc (ATEN), with institutional investors hold 93.66% of the company’s shares. The shares outstanding are 73.78M, and float is at 71.90M with Short Float at 1.46%. Institutions hold 93.09% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 12.73 million shares valued at $176.28 million. The investor’s holdings represent 17.0958 of the ATEN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 7.12 million shares valued at $98.66 million to account for 9.5682 of the shares outstanding. The other top investors are STATE STREET CORP which holds 3.11 million shares representing 4.176 and valued at over $43.06 million, while MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. holds 3.2564 of the shares totaling 2.42 million with a market value of $33.58 million.
A10 Networks Inc (ATEN) Insider Activity
The most recent transaction is an insider sale by Becker Brian, the company’s Chief Financial Officer. SEC filings show that Becker Brian sold 1,200 shares of the company’s common stock on Nov 27 ’24 at a price of $16.95 per share for a total of $20340.0. Following the sale, the insider now owns 32641.0 shares.
A10 Networks Inc disclosed in a document filed with the SEC on Nov 14 ’24 that CHUNG PETER Y (Director) sold a total of 23,754 shares of the company’s common stock. The trade occurred on Nov 14 ’24 and was made at $16.36 per share for $0.39 million. Following the transaction, the insider now directly holds 0.52 million shares of the ATEN stock.
Still, SEC filings show that on Nov 13 ’24, CHUNG PETER Y (Director) disposed off 78,479 shares at an average price of $16.59 for $1.3 million. The insider now directly holds 540,687 shares of A10 Networks Inc (ATEN).
