Renaissance Technologies LLC Acquires 100,489 Shares of Alarum Technologies Ltd. (NASDAQ:ALAR)

Renaissance Technologies LLC increased its holdings in shares of Alarum Technologies Ltd. (NASDAQ:ALAR - Free Report) by 172.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 158,861 shares of the company's stock after acquiring an additional 100,489 shares during the period. Renaissance Technologies LLC owned about 2.31% of Alarum Technologies worth $6,626,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Acadian Asset Management LLC lifted its position in shares of Alarum Technologies by 3,652.5% during the second quarter. Acadian Asset Management LLC now owns 107,960 shares of the company's stock worth $4,493,000 after purchasing an additional 105,083 shares in the last quarter. Cetera Advisors LLC acquired a new position in Alarum Technologies during the 1st quarter worth $366,000. Thoroughbred Financial Services LLC bought a new position in Alarum Technologies in the 2nd quarter valued at $747,000. Cantor Fitzgerald L. P. bought a new position in Alarum Technologies in the 4th quarter valued at $1,190,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Alarum Technologies in the 2nd quarter valued at $58,000. 3.23% of the stock is owned by institutional investors and hedge funds.

Alarum Technologies Trading Down 7.4 %

Shares of Alarum Technologies stock traded down $0.90 during trading on Thursday, reaching $11.26. 192,200 shares of the company were exchanged, compared to its average volume of 353,352. Alarum Technologies Ltd. has a twelve month low of $2.92 and a twelve month high of $46.69. The business has a 50-day moving average price of $17.87 and a 200-day moving average price of $25.32. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $76.60 million, a price-to-earnings ratio of -7.66 and a beta of 0.67.

Alarum Technologies (NASDAQ:ALAR - Get Free Report) last announced its quarterly earnings results on Monday, August 26th. The company reported $0.40 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 during the quarter.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ALAR shares. Canaccord Genuity Group decreased their price target on Alarum Technologies from $42.00 to $28.00 and set a "buy" rating on the stock in a report on Tuesday, August 27th. Canaccord Genuity Group raised shares of Alarum Technologies from a "hold" rating to a "buy" rating and set a $42.00 target price on the stock in a research note on Thursday, July 25th. Finally, Alliance Global Partners lowered their price target on shares of Alarum Technologies from $34.00 to $20.00 and set a "buy" rating for the company in a research report on Monday, August 26th.

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.