Altshuler Shaham Ltd Takes Position in Alarum Technologies Ltd. Sponsored ADR $ALAR

Altshuler Shaham Ltd acquired a new stake in Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 554,363 shares of the company’s stock, valued at approximately $4,756,000. Altshuler Shaham Ltd owned 0.08% of Alarum Technologies at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Renaissance Technologies LLC boosted its position in shares of Alarum Technologies by 34.6% in the fourth quarter. Renaissance Technologies LLC now owns 17,500 shares of the company’s stock valued at $150,000 after acquiring an additional 4,500 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Alarum Technologies by 2,102.9% in the first quarter. Jones Financial Companies Lllp now owns 6,168 shares of the company’s stock valued at $39,000 after acquiring an additional 5,888 shares during the period. Finally, XTX Topco Ltd bought a new position in shares of Alarum Technologies in the second quarter valued at approximately $142,000. 3.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Alarum Technologies Price Performance

Shares of ALAR opened at $9.09 on Thursday. The firm’s 50 day simple moving average is $7.85 and its 200 day simple moving average is $7.69. The company has a market capitalization of $66.72 million, a P/E ratio of 56.82 and a beta of 1.60. Alarum Technologies Ltd. Sponsored ADR has a 1-year low of $5.50 and a 1-year high of $18.00.

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

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.