Two Sigma Investments LP Sells 23,125 Shares of Alarum Technologies Ltd. (NASDAQ:ALAR)

Two Sigma Investments LP lowered its position in shares of Alarum Technologies Ltd. (NASDAQ:ALAR) by 64.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,979 shares of the company’s stock after selling 23,125 shares during the period. Two Sigma Investments LP owned approximately 0.19% of Alarum Technologies worth $138,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Upgrades and Downgrades

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

Alarum Technologies Price Performance

Shares of ALAR opened at $11.15 on Friday. The firm has a market capitalization of $78.08 million, a P/E ratio of 10.32 and a beta of 1.07. Alarum Technologies Ltd. has a one year low of $5.45 and a one year high of $46.69. The business has a fifty day moving average of $7.58 and a 200 day moving average of $8.83.

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

Alarum Technologies Company Profile

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.