ARK Investment Management LLC Makes New $785,000 Investment in Alarum Technologies Ltd. (NASDAQ:ALAR)

ARK Investment Management LLC purchased a new stake in shares of Alarum Technologies Ltd. (NASDAQ:ALAR - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 73,749 shares of the company's stock, valued at approximately $785,000. ARK Investment Management LLC owned 1.07% of Alarum Technologies at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new stake in shares of Alarum Technologies in the first quarter worth $56,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Alarum Technologies in the 2nd quarter valued at $58,000. Gordian Capital Singapore Pte Ltd purchased a new position in Alarum Technologies in the second quarter valued at about $164,000. ARS Investment Partners LLC acquired a new position in shares of Alarum Technologies during the second quarter worth about $246,000. Finally, XTX Topco Ltd acquired a new position in shares of Alarum Technologies during the second quarter worth about $290,000. 3.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ALAR has been the topic of several analyst reports. Canaccord Genuity Group upgraded Alarum Technologies from a "hold" rating to a "buy" rating and set a $42.00 target price on the stock in a report on Thursday, July 25th. Canaccord Genuity Group lowered their price objective on shares of Alarum Technologies from $42.00 to $28.00 and set a "buy" rating for the company in a research report on Tuesday, August 27th. Finally, Alliance Global Partners reduced their target price on shares of Alarum Technologies from $34.00 to $20.00 and set a "buy" rating on the stock in a research report on Monday, August 26th.

Alarum Technologies Stock Down 1.0 %

Shares of NASDAQ ALAR traded down $0.14 during midday trading on Friday, reaching $14.29. 182,461 shares of the company's stock were exchanged, compared to its average volume of 356,054. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.45 and a current ratio of 2.45. Alarum Technologies Ltd. has a 52-week low of $3.64 and a 52-week high of $46.69. The business's fifty day moving average price is $12.63 and its two-hundred day moving average price is $23.47. The stock has a market capitalization of $98.16 million, a PE ratio of 18.32 and a beta of 0.66.

Alarum Technologies (NASDAQ:ALAR - Get Free Report) last posted its quarterly earnings data on Monday, August 26th. The company reported $0.40 earnings per share (EPS) for the quarter. Alarum Technologies had a return on equity of 54.68% and a net margin of 12.70%. The company had revenue of $8.88 million for the quarter.

Alarum Technologies 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.