Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. A10 Networks Inc shares valued at $804,242 were sold by Trivedi Dhrupad on Mar 05 ’24. At $13.27 per share, Trivedi Dhrupad sold 60,606 shares. The insider’s holdings dropped to 495,814 shares worth approximately $6.8 million following the completion of this transaction.
Also, Becker Brian sold 15,000 shares, netting a total of over 193,950 in proceeds. Following the sale of shares at $12.93 each, the insider now holds 34,252 shares.
Before that, Trivedi Dhrupad had sold 8,679 shares from its account. In a trade valued at $113,348, the Chief Executive Officer traded A10 Networks Inc shares for $13.06 each. Upon closing the transaction, the insider’s holdings decreased to 8,679 shares, worth approximately $7.63 million.
As published in their initiating research note from BTIG Research on April 04, 2023, A10 Networks Inc [ATEN] has been a Neutral. Analysts at Craig Hallum started covering the stock with ‘”a Buy”‘ outlook in a report released in late June. As of July 21, 2020, Sidoti has initiated its “Buy” rating for ATEN. Earlier on December 16, 2019, BWS Financial initiated its rating. Their recommendation was “a Buy” for ATEN stock.
Analyzing ATEN Stock Performance
During the last five days, there has been a surge of approximately 7.11%. Over the course of the year, A10 Networks Inc shares have jumped approximately 4.10%. Shares of the company reached a 52-week high of $14.93 on 03/12/24 and a 52-week low of $12.40 on 02/07/24. A 50-day SMA is recorded $13.45, while a 200-day SMA reached $13.43. Nevertheless, trading volume fell to 0.57 million shares from 0.48 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 13.51, which, if violated, would cause prices to drop to 13.31. In the upper region, resistance lies at 13.87. The next price resistance is at 14.03. RSI (Relative Strength Index) is 56.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.21, which suggests the price will decrease in the coming days. Percent R is at 10.81%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
