14,886 Shares in Alarum Technologies Ltd. (NASDAQ:ALAR) Bought by Millennium Management LLC

Millennium Management LLC purchased a new stake in Alarum Technologies Ltd. (NASDAQ:ALAR) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 14,886 shares of the company’s stock, valued at approximately $158,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN increased its holdings in Alarum Technologies by 150.1% in the 4th quarter. Wells Fargo & Company MN now owns 5,000 shares of the company’s stock valued at $53,000 after buying an additional 3,001 shares during the period. National Bank of Canada FI bought a new stake in shares of Alarum Technologies during the 4th quarter worth approximately $58,000. Virtu Financial LLC acquired a new stake in shares of Alarum Technologies during the 4th quarter worth approximately $114,000. Marshall Wace LLP bought a new position in Alarum Technologies in the fourth quarter valued at approximately $116,000. Finally, Ameriprise Financial Inc. acquired a new position in Alarum Technologies during the fourth quarter valued at approximately $147,000. Institutional investors own 3.23% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised their target price on Alarum Technologies from $11.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday.

Alarum Technologies Price Performance

ALAR opened at $11.15 on Friday. Alarum Technologies Ltd. has a fifty-two week low of $5.45 and a fifty-two week high of $46.69. The company’s 50 day moving average price is $7.58 and its two-hundred day moving average price is $8.83. The firm has a market capitalization of $78.08 million, a price-to-earnings ratio of 10.32 and a beta of 1.07.

Alarum Technologies (NASDAQ:ALAR) last issued its quarterly earnings data on Thursday, May 29th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. Alarum Technologies had a return on equity of 46.33% and a net margin of 22.21%. The company had revenue of $7.13 million during the quarter, compared to the consensus estimate of $7.31 million.

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.