Alarum Technologies (NASDAQ:ALAR) Stock Price Up 0.3% - What's Next?

Key Points

• Alarum Technologies' stock price rose 0.3% to $14.90 during mid-day trading, with a notable decline in share volume of 42% from its average daily trading.
• Analysts have set a new consensus target price of $22.00 for Alarum Technologies, with Canaccord Genuity increasing their price target from $15.00 to $22.00 and a consensus rating of "Buy."
• Institutional investors have recently increased their holdings in Alarum Technologies, with one firm raising its position by an astounding 2,102.9%.

Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR - Get Free Report)'s share price rose 0.3% during mid-day trading on Monday . The stock traded as high as $15.13 and last traded at $14.90. Approximately 46,748 shares changed hands during trading, a decline of 42% from the average daily volume of 79,924 shares. The stock had previously closed at $14.86.

Analysts Set New Price Targets

ALAR has been the topic of several recent research reports. Canaccord Genuity Group increased their target price on shares of Alarum Technologies from $15.00 to $22.00 and gave the stock a "buy" rating in a report on Tuesday, August 26th. Wall Street Zen upgraded shares of Alarum Technologies from a "sell" rating to a "hold" rating in a report on Friday, September 5th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $22.00.

Alarum Technologies Stock Performance

The firm has a market capitalization of $105.86 million, a P/E ratio of 19.61 and a beta of 1.51. The business's fifty day moving average price is $14.87 and its two-hundred day moving average price is $10.99.

Hedge Funds Weigh In On Alarum Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp raised its position in shares of Alarum Technologies by 2,102.9% in the 1st quarter. Jones Financial Companies Lllp now owns 6,168 shares of the company's stock valued at $39,000 after purchasing an additional 5,888 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Alarum Technologies by 249.1% in the 1st quarter. GAMMA Investing LLC now owns 6,752 shares of the company's stock valued at $42,000 after purchasing an additional 4,818 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Alarum Technologies in the 2nd quarter valued at approximately $142,000. Ameriprise Financial Inc. purchased a new position in shares of Alarum Technologies in the 4th quarter valued at approximately $147,000. Finally, Millennium Management LLC purchased a new position in shares of Alarum Technologies in the 4th quarter valued at approximately $158,000. 3.23% of the stock is owned by hedge funds and other institutional investors.

About Alarum Technologies

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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