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Monitoring A10 Networks Inc (ATEN) after recent insider movements

A10 Networks Inc’s recent filing unveils that its General Counsel Weber Robert Scott unloaded Company’s shares for reported $14770.0 on Dec 06 ’24. In the deal valued at $18.19 per share,812 shares were sold. As a result of this transaction, Weber Robert Scott now holds 28,230 shares worth roughly $0.54 million.

Then, Becker Brian sold 1,200 shares, generating $20,340 in total proceeds. Upon selling the shares at $16.95, the Chief Financial Officer now owns 32,641 shares.

Before that, CHUNG PETER Y sold 23,754 shares. A10 Networks Inc shares valued at $388,615 were divested by the Director at a price of $16.36 per share. As a result of the transaction, CHUNG PETER Y now holds 516,933 shares, worth roughly $9.82 million.

BWS Financial reiterated its A10 Networks Inc [ATEN] rating to a Buy in a research note published on November 13, 2024; the price target was $24. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Hold”. BTIG Research began covering ATEN with “Neutral” recommendation on April 04, 2023. Craig Hallum started covering the stock on June 23, 2021. It rated ATEN as “a Buy”.

Price Performance Review of ATEN

On Tuesday, A10 Networks Inc [NYSE:ATEN] saw its stock jump 0.21% to $19.00. Over the last five days, the stock has gained 5.61%. A10 Networks Inc shares have risen nearly 3.26% since the year began. Nevertheless, the stocks have risen 39.19% over the past one year. While a 52-week high of $19.37 was reached on 01/21/25, a 52-week low of $12.27 was recorded on 01/13/25. SMA at 50 days reached $17.77, while 200 days put it at $14.94.

Levels Of Support And Resistance For ATEN Stock

The 24-hour chart illustrates a support level at 18.89, which if violated will result in even more drops to 18.79. On the upside, there is a resistance level at 19.17. A further resistance level may holdings at 19.34. The Relative Strength Index (RSI) on the 14-day chart is 62.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.20%. Stochastics %K at 91.10% indicates the stock is a selling.

How much short interest is there in A10 Networks Inc?

A steep rise in short interest was recorded in A10 Networks Inc stocks on 2024-12-31, growing by 0.34 million shares to a total of 1.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 1.54 million shares. There was a rise of 17.94%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on July 21, 2020 when Sidoti began covering the stock and recommended ‘”a Buy”‘ rating along with a $11 price target.

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