Alarum Technologies Ltd. (NASDAQ:ALAR - Get Free Report) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 187,900 shares, a drop of 19.1% from the February 13th total of 232,400 shares. Based on an average daily volume of 147,100 shares, the short-interest ratio is presently 1.3 days. Currently, 2.8% of the shares of the company are short sold.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group lowered their target price on Alarum Technologies from $25.00 to $11.00 and set a "buy" rating on the stock in a research note on Friday.
Read Our Latest Stock Analysis on Alarum Technologies
Institutional Trading of Alarum Technologies
Several large investors have recently added to or reduced their stakes in the stock. Acuitas Investments LLC acquired a new position in shares of Alarum Technologies during the 4th quarter valued at about $595,000. Independent Advisor Alliance acquired a new position in Alarum Technologies in the 3rd quarter valued at about $386,000. Jane Street Group LLC purchased a new stake in shares of Alarum Technologies in the 4th quarter valued at approximately $158,000. Millennium Management LLC acquired a new stake in shares of Alarum Technologies during the 4th quarter worth approximately $158,000. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Alarum Technologies during the 4th quarter valued at approximately $147,000. 3.23% of the stock is currently owned by hedge funds and other institutional investors.
Alarum Technologies Stock Performance
NASDAQ ALAR traded up $0.27 during mid-day trading on Friday, reaching $6.88. 107,796 shares of the stock were exchanged, compared to its average volume of 314,074. The company has a market capitalization of $47.67 million, a P/E ratio of 6.37 and a beta of 0.69. The business's 50 day moving average is $8.75 and its 200-day moving average is $11.17. Alarum Technologies has a 1 year low of $5.86 and a 1 year high of $46.69.
Alarum Technologies (NASDAQ:ALAR - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.02 by $0.18. The company had revenue of $7.37 million during the quarter, compared to analyst estimates of $7.48 million. Alarum Technologies had a return on equity of 46.33% and a net margin of 22.21%.
Alarum Technologies Company Profile
(
Get 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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