Millennium Management LLC Makes New $158,000 Investment in Alarum Technologies Ltd. (NASDAQ:ALAR)

Millennium Management LLC acquired a new stake in Alarum Technologies Ltd. (NASDAQ:ALAR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 14,886 shares of the company’s stock, valued at approximately $158,000. Millennium Management LLC owned 0.21% of Alarum Technologies at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Wells Fargo & Company MN grew its holdings in Alarum Technologies by 150.1% during the fourth quarter. Wells Fargo & Company MN now owns 5,000 shares of the company’s stock worth $53,000 after purchasing an additional 3,001 shares during the period. National Bank of Canada FI acquired a new stake in shares of Alarum Technologies in the fourth quarter valued at approximately $58,000. Virtu Financial LLC bought a new position in shares of Alarum Technologies during the 4th quarter worth approximately $114,000. Marshall Wace LLP acquired a new position in shares of Alarum Technologies during the 4th quarter worth approximately $116,000. Finally, Ameriprise Financial Inc. acquired a new position in shares of Alarum Technologies during the 4th quarter worth approximately $147,000. Institutional investors own 3.23% of the company’s stock.

Alarum Technologies Stock Performance

Shares of ALAR opened at $11.15 on Friday. The firm has a market cap of $78.08 million, a P/E ratio of 10.32 and a beta of 1.07. Alarum Technologies Ltd. has a 52 week low of $5.45 and a 52 week high of $46.69. The firm’s 50-day simple moving average is $7.58 and its 200 day simple moving average is $8.83.

Alarum Technologies (NASDAQ:ALAR) last posted its earnings results on Thursday, May 29th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $7.13 million for the quarter, compared to the consensus estimate of $7.31 million. Alarum Technologies had a return on equity of 46.33% and a net margin of 22.21%.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised their price target on Alarum Technologies from $11.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday.

About Alarum Technologies

Alarum Technologies Ltd. provides internet access and web data collection solutions in North, South, and Central America, Europe, Southeast Asia, the Middle East, and Africa. The company operates through two segments, Enterprise Internet Access Solutions and Consumer Internet Access Solutions. The company offers security blanket against ransomware, viruses, phishing, and other online threats, as well as secured and encrypted connection, masking the customers online activity and keeping them safe from hackers.