CreativeOne Wealth LLC Makes New Investment in Alarum Technologies Ltd. Sponsored ADR $ALAR

Key Points

• CreativeOne Wealth LLC has made a new investment of approximately $158,000 in Alarum Technologies Ltd., acquiring 25,300 shares which account for about 0.36% of the company.
• Several other institutional investors, including GAMMA Investing LLC and Millennium Management LLC, have also boosted their stakes in Alarum Technologies during recent quarters.
• According to an analyst upgrade, the price target for Alarum Technologies has been raised to $22.00, indicating a strong buy rating from Canaccord Genuity Group.

CreativeOne Wealth LLC bought a new stake in shares of Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,300 shares of the company's stock, valued at approximately $158,000. CreativeOne Wealth LLC owned 0.36% of Alarum Technologies as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in Alarum Technologies by 2,082.0% in the 1st quarter. GAMMA Investing LLC now owns 42,200 shares of the company's stock valued at $264,000 after purchasing an additional 40,266 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Alarum Technologies in the 4th quarter worth approximately $158,000. Millennium Management LLC bought a new stake in shares of Alarum Technologies in the 4th quarter worth $158,000. Ameriprise Financial Inc. bought a new stake in shares of Alarum Technologies during the 4th quarter worth about $147,000. Finally, Marshall Wace LLP acquired a new position in shares of Alarum Technologies in the 4th quarter worth approximately $116,000. 3.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Canaccord Genuity Group raised their price objective on Alarum Technologies from $15.00 to $22.00 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. Wall Street Zen upgraded shares of Alarum Technologies from a "sell" rating to a "hold" rating in a research note on Friday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $22.00.

Alarum Technologies Stock Up 3.5%

ALAR traded up $0.51 during trading hours on Monday, hitting $14.93. The stock had a trading volume of 30,924 shares, compared to its average volume of 133,351. The company's fifty day simple moving average is $13.96 and its 200 day simple moving average is $10.01. The stock has a market cap of $105.85 million, a PE ratio of 19.62 and a beta of 1.51. Alarum Technologies Ltd. Sponsored ADR has a 1 year low of $5.45 and a 1 year high of $21.50.

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.