554,363 Shares in Alarum Technologies Ltd. Sponsored ADR $ALAR Purchased by Altshuler Shaham Ltd

Altshuler Shaham Ltd acquired a new position in shares of Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 554,363 shares of the company’s stock, valued at approximately $4,756,000. Altshuler Shaham Ltd owned about 7.66% of Alarum Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ALAR. XTX Topco Ltd purchased a new stake in Alarum Technologies during the second quarter worth about $142,000. Jones Financial Companies Lllp increased its holdings 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 worth $39,000 after buying an additional 5,888 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Alarum Technologies by 34.6% during the fourth quarter. Renaissance Technologies LLC now owns 17,500 shares of the company’s stock worth $150,000 after buying an additional 4,500 shares during the last quarter. Hedge funds and other institutional investors own 3.23% of the company’s stock.

Alarum Technologies Stock Performance

NASDAQ ALAR opened at $9.09 on Thursday. The company has a market capitalization of $66.72 million, a PE ratio of 56.82 and a beta of 1.60. Alarum Technologies Ltd. Sponsored ADR has a 52-week low of $5.50 and a 52-week high of $18.00. The company has a 50-day simple moving average of $7.85 and a 200 day simple moving average of $7.69.

Alarum Technologies (NASDAQ:ALAR) last issued its earnings results on Thursday, March 19th. The company reported $0.15 earnings per share for the quarter. The firm had revenue of $11.82 million during the quarter, compared to analyst estimates of $12.01 million. Alarum Technologies had a net margin of 2.53% and a return on equity of 17.11%.

Analyst Ratings Changes

Separately, Canaccord Genuity Group decreased their price objective on shares of Alarum Technologies from $27.00 to $14.00 and set a “buy” rating for the company in a report on Friday, March 20th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Alarum Technologies presently has an average rating of “Hold” and a consensus target price of $14.00.

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.