Alarum Technologies (NASDAQ:ALAR) Trading Up 5.8% – Here’s What Happened

Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR)’s stock price was up 5.8% on Monday . The stock traded as high as $17.27 and last traded at $17.02. Approximately 118,001 shares changed hands during mid-day trading, an increase of 31% from the average daily volume of 90,286 shares. The stock had previously closed at $16.08.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group boosted their price target on shares of Alarum Technologies from $11.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, June 10th.

Alarum Technologies Stock Up 5.8%

The business’s 50-day simple moving average is $12.95 and its 200 day simple moving average is $9.42. The firm has a market capitalization of $120.67 million, a P/E ratio of 25.40 and a beta of 1.38.

Alarum Technologies (NASDAQ:ALAR) last released its quarterly earnings data on Thursday, May 29th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. The firm had revenue of $7.13 million during the quarter, compared to analyst estimates of $7.31 million. Alarum Technologies had a return on equity of 27.47% and a net margin of 15.53%.

Institutional Trading of Alarum Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ALAR. Heck Capital Advisors LLC purchased a new position in Alarum Technologies during the fourth quarter valued at $32,000. Wells Fargo & Company MN lifted its position in Alarum Technologies by 150.1% during the fourth quarter. Wells Fargo & Company MN now owns 5,000 shares of the company’s stock valued at $53,000 after buying an additional 3,001 shares during the period. Jones Financial Companies Lllp lifted its position in Alarum Technologies by 2,102.9% during the first quarter. Jones Financial Companies Lllp now owns 6,168 shares of the company’s stock valued at $39,000 after buying an additional 5,888 shares during the period. GAMMA Investing LLC lifted its position in Alarum Technologies by 249.1% during the first quarter. GAMMA Investing LLC now owns 6,752 shares of the company’s stock valued at $42,000 after buying an additional 4,818 shares during the period. Finally, XTX Topco Ltd purchased a new position in Alarum Technologies during the second quarter valued at $142,000. Hedge funds and other institutional investors own 3.23% of the company’s stock.

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.