Insider Selling: A10 Networks Inc (ATEN) CEO Sells 25,000 Shares of Stock

A10 Networks Inc (NYSE:ATEN) CEO Lee Chen sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $7.71, for a total transaction of $192,750.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Lee Chen also recently made the following trade(s):

  • On Tuesday, January 9th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $7.54, for a total transaction of $188,500.00.
  • On Saturday, December 29th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $7.74, for a total transaction of $193,500.00.
  • On Friday, December 29th, Lee Chen sold 25,000 shares of A10 Networks stock. The stock was sold at an average price of $7.74, for a total transaction of $193,500.00.
  • On Thursday, December 21st, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $7.81, for a total value of $195,250.00.
  • On Wednesday, December 13th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $7.76, for a total value of $194,000.00.
  • On Tuesday, December 5th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $7.66, for a total value of $191,500.00.
  • On Monday, November 27th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $8.11, for a total value of $202,750.00.
  • On Wednesday, November 22nd, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $8.07, for a total value of $201,750.00.
  • On Thursday, November 16th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $7.30, for a total value of $182,500.00.
  • On Wednesday, November 8th, Lee Chen sold 25,000 shares of A10 Networks stock. The shares were sold at an average price of $7.29, for a total value of $182,250.00.

A10 Networks Inc (NYSE:ATEN) traded up $0.11 during mid-day trading on Friday, hitting $7.53. The stock had a trading volume of 324,100 shares, compared to its average volume of 297,400. The firm has a market capitalization of $535.59, a P/E ratio of -31.38 and a beta of 1.14. A10 Networks Inc has a 1-year low of $6.02 and a 1-year high of $9.94.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Thursday, October 26th. The communications equipment provider reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.04. The business had revenue of $61.40 million during the quarter, compared to the consensus estimate of $59.46 million. A10 Networks had a negative return on equity of 17.63% and a negative net margin of 6.94%. The firm’s revenue was up 11.4% compared to the same quarter last year. equities analysts anticipate that A10 Networks Inc will post -0.21 earnings per share for the current fiscal year.

A10 Networks announced that its board has authorized a stock buyback plan on Thursday, October 26th that permits the company to repurchase 20,000,000 shares. This repurchase authorization permits the communications equipment provider to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Several hedge funds have recently bought and sold shares of ATEN. Stoneridge Investment Partners LLC acquired a new stake in shares of A10 Networks in the third quarter valued at approximately $109,000. Capital Fund Management S.A. acquired a new stake in shares of A10 Networks during the second quarter worth $149,000. Voya Investment Management LLC lifted its holdings in shares of A10 Networks by 21.2% during the second quarter. Voya Investment Management LLC now owns 22,826 shares of the communications equipment provider’s stock worth $193,000 after purchasing an additional 3,994 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in shares of A10 Networks by 59.8% during the second quarter. Parametric Portfolio Associates LLC now owns 24,450 shares of the communications equipment provider’s stock worth $206,000 after purchasing an additional 9,154 shares during the period. Finally, Prudential Financial Inc. acquired a new stake in shares of A10 Networks during the second quarter worth $228,000. 57.80% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently issued reports on ATEN shares. BidaskClub raised A10 Networks from a “strong sell” rating to a “sell” rating in a report on Friday, September 15th. Zacks Investment Research raised A10 Networks from a “strong sell” rating to a “hold” rating and set a $8.50 price target for the company in a report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.13.

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About A10 Networks

A10 Networks, Inc is a provider of software and hardware solutions. The Company’s solutions enable its customers to secure and optimize the performance of their data center and cloud applications, and secure their users, applications and infrastructure from Internet, Web and network threats at scale.

Insider Buying and Selling by Quarter for A10 Networks (NYSE:ATEN)

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