Altshuler Shaham Ltd Buys New Shares in Alarum Technologies Ltd. (NASDAQ:ALAR)

Altshuler Shaham Ltd acquired a new stake in shares of Alarum Technologies Ltd. (NASDAQ:ALAR - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 77,424 shares of the company's stock, valued at approximately $3,229,000. Alarum Technologies makes up approximately 0.1% of Altshuler Shaham Ltd's holdings, making the stock its 25th largest position. Altshuler Shaham Ltd owned approximately 1.13% of Alarum Technologies at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Acadian Asset Management LLC increased its position in Alarum Technologies by 3,652.5% during the 2nd quarter. Acadian Asset Management LLC now owns 107,960 shares of the company's stock valued at $4,493,000 after buying an additional 105,083 shares in the last quarter. Cetera Advisors LLC bought a new position in Alarum Technologies during the 1st quarter valued at approximately $366,000. Thoroughbred Financial Services LLC bought a new position in Alarum Technologies during the 2nd quarter valued at approximately $747,000. Cantor Fitzgerald L. P. bought a new position in Alarum Technologies during the 4th quarter valued at approximately $1,190,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Alarum Technologies in the 2nd quarter worth $58,000. Institutional investors own 3.23% of the company's stock.

Wall Street Analysts Forecast Growth

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

Alarum Technologies Stock Performance

Shares of ALAR stock traded down $0.86 on Monday, reaching $10.39. The stock had a trading volume of 244,805 shares, compared to its average volume of 356,248. The stock has a market cap of $70.68 million, a P/E ratio of -7.07 and a beta of 0.67. Alarum Technologies Ltd. has a 1 year low of $2.92 and a 1 year high of $46.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.45 and a current ratio of 2.45. The company has a 50 day simple moving average of $19.22 and a 200 day simple moving average of $25.57.

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

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.