A10 Networks Inc’s filing revealed that its Chief Executive Officer Trivedi Dhrupad unloaded Company’s shares for reported $0.8 million on Mar 05 ’24. In the deal valued at $13.27 per share,60,606 shares were sold. As a result of this transaction, Trivedi Dhrupad now holds 495,814 shares worth roughly $6.7 million.
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Then, Becker Brian sold 15,000 shares, generating $193,950 in total proceeds. Upon selling the shares at $12.93, the Chief Financial Officer now owns 34,252 shares.
Before that, Trivedi Dhrupad sold 8,679 shares. A10 Networks Inc shares valued at $113,348 were divested by the Chief Executive Officer at a price of $13.06 per share. As a result of the transaction, Trivedi Dhrupad now holds 556,420 shares, worth roughly $7.52 million.
BTIG Research initiated its A10 Networks Inc [ATEN] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. Sidoti began covering ATEN with “Buy” recommendation on July 21, 2020. BWS Financial started covering the stock on December 16, 2019. It rated ATEN as “a Buy”.
Price Performance Review of ATEN
On Tuesday, A10 Networks Inc [NYSE:ATEN] saw its stock fall -1.24% to $13.52. Over the last five days, the stock has gained 1.88%. A10 Networks Inc shares have risen nearly 2.66% since the year began. Nevertheless, the stocks have fallen -9.75% over the past one year. While a 52-week high of $15.99 was reached on 03/12/24, a 52-week low of $10.03 was recorded on 02/07/24. SMA at 50 days reached $13.49, while 200 days put it at $13.55. A total of 0.38 million shares were traded, compared to the trading of 0.5 million shares in the previous session.
Levels Of Support And Resistance For ATEN Stock
The 24-hour chart illustrates a support level at 13.42, which if violated will result in even more drops to 13.32. On the upside, there is a resistance level at 13.71. A further resistance level may holdings at 13.89. The Relative Strength Index (RSI) on the 14-day chart is 48.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.06%. Stochastics %K at 27.13% indicates the stock is a holding.
How much short interest is there in A10 Networks Inc?
A steep rise in short interest was recorded in A10 Networks Inc stocks on Feb 29, 2024, growing by 0.33 million shares to a total of 3.25 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 2.92 million shares. There was a rise of 10.15%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.52% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.58.
