Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. A10 Networks Inc. shares valued at $176,625 were sold by Becker Brian on May 19. At $14.13 per share, Becker Brian sold 12,500 shares. The insider’s holdings dropped to 59,380 shares worth approximately $0.87 million following the completion of this transaction.
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Also, Trivedi Dhrupad sold 47,336 shares, netting a total of over 656,550 in proceeds. Following the sale of shares at $13.87 each, the insider now holds 548,599 shares.
Before that, BRUENING MATTHEW P had sold 11,301 shares from its account. In a trade valued at $157,762, the EVP, Worldwide Sales & Mktg traded A10 Networks Inc. shares for $13.96 each. Upon closing the transaction, the insider’s holdings decreased to 11,301 shares, worth approximately $1.61 million.
Analyzing ATEN Stock Performance
On Thursday, A10 Networks Inc. [NYSE: ATEN] rose 1.25% to $14.62. The stock’s lowest price that day was $14.42, but it reached a high of $14.695 in the same session. During the last five days, there has been a surge of approximately 3.91%. Over the course of the year, A10 Networks Inc. shares have dropped approximately -12.09%. Shares of the company reached a 52-week high of $17.00 on 01/04/23 and a 52-week low of $12.99 on 05/05/23. A 50-day SMA is recorded $14.46, while a 200-day SMA reached $15.46. Nevertheless, trading volume fell to 0.75 million shares from 0.7 million shares the previous day.
Support And Resistance Levels for A10 Networks Inc. (ATEN)
According to the 24-hour chart, there is a support level at 14.46, which, if violated, would cause prices to drop to 14.30. In the upper region, resistance lies at 14.74. The next price resistance is at 14.85. RSI (Relative Strength Index) is 58.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.43, which suggests the price will decrease in the coming days. Percent R is at 6.88%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is A10 Networks Inc. subject to short interest?
Stocks of A10 Networks Inc. saw a sharp steep in short interest on May 14, 2023 dropping by 70000.0 shares to 1.9 million. Data from Yahoo Finance shows that the short interest on Apr 13, 2023 was 1.97 million shares. A decline of -3.68% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.64 of the overall float, the days-to-cover ratio (short ratio) decline to 2.64.
Which companies own the most shares of A10 Networks Inc. (ATEN)?
According to BlackRock Fund Advisors filings, the company currently owns 10,137,315 shares, which is about 13.68% of the total ATEN shares outstanding. The investor’s shares have appreciated by 16,226 from its previous 13-F filing of 10121089.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $77,434,401. Renaissance Technologies LLC acquire a 0.11% interest valued at $35.17 million while AllianceBernstein LP purchased a 225,761 stake. A total of 123,539 shares of A10 Networks Inc. were bought by SSgA Funds Management, Inc. during the quarter, and -243,084 were sold by First Trust Advisors LP. In its current portfolio, Global X Management Co. LLC holds 1,824,260 shares valued at $25.8 million.
In terms of A10 Networks Inc. share price expectations, FactSet research, analysts set an average price target of $20.67 in the next 12 months, up nearly 31.58% from the previous closing price of $14.44. Analysts anticipate A10 Networks Inc. stock to reach $24.00 by 2023, with the lowest price target being $19.00. In spite of this, 4 analysts ranked A10 Networks Inc. stock as an Overweight at the end of 2023.