Acuitas Investments LLC bought a new position in shares of Alarum Technologies Ltd. (NASDAQ:ALAR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 56,113 shares of the company's stock, valued at approximately $595,000. Acuitas Investments LLC owned 0.81% of Alarum Technologies at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. ARK Investment Management LLC bought a new position in shares of Alarum Technologies during the 3rd quarter worth about $785,000. Independent Advisor Alliance acquired a new stake in Alarum Technologies in the third quarter valued at approximately $386,000. XTX Topco Ltd raised its position in shares of Alarum Technologies by 55.7% during the third quarter. XTX Topco Ltd now owns 10,820 shares of the company's stock worth $115,000 after purchasing an additional 3,870 shares during the period. Finally, Heck Capital Advisors LLC bought a new position in shares of Alarum Technologies in the 4th quarter worth $32,000. 3.23% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group decreased their price target on shares of Alarum Technologies from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, November 26th.
Check Out Our Latest Stock Analysis on Alarum Technologies
Alarum Technologies Stock Down 4.5 %
ALAR stock traded down $0.37 during mid-day trading on Friday, reaching $7.90. 109,460 shares of the company traded hands, compared to its average volume of 121,725. The firm's 50 day moving average price is $10.28 and its 200 day moving average price is $12.80. The stock has a market cap of $54.75 million, a price-to-earnings ratio of 7.31 and a beta of 0.74. Alarum Technologies Ltd. has a fifty-two week low of $7.85 and a fifty-two week high of $46.69.
About Alarum Technologies
(
Free Report)
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.
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