GAMMA Investing LLC Boosts Stock Position in Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR)

GAMMA Investing LLC raised its stake in Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR - Free Report) by 2,082.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,200 shares of the company's stock after purchasing an additional 40,266 shares during the period. GAMMA Investing LLC owned 0.61% of Alarum Technologies worth $264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ALAR. Heck Capital Advisors LLC acquired a new position in shares of Alarum Technologies during the fourth quarter valued at about $32,000. Wells Fargo & Company MN increased its holdings in shares of Alarum Technologies by 150.1% during the fourth quarter. Wells Fargo & Company MN now owns 5,000 shares of the company's stock valued at $53,000 after acquiring an additional 3,001 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of Alarum Technologies during the fourth quarter valued at about $58,000. Virtu Financial LLC acquired a new position in shares of Alarum Technologies during the fourth quarter valued at about $114,000. Finally, Marshall Wace LLP acquired a new position in shares of Alarum Technologies during the fourth quarter valued at about $116,000. Hedge funds and other institutional investors own 3.23% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upped their price objective on shares of Alarum Technologies from $11.00 to $15.00 and gave the company a "buy" rating in a report on Tuesday, June 10th.

Alarum Technologies Stock Down 3.7%

Shares of NASDAQ ALAR opened at $11.05 on Friday. The business's 50 day moving average price is $8.18 and its 200 day moving average price is $8.74. The firm has a market cap of $77.57 million, a P/E ratio of 16.49 and a beta of 1.07. Alarum Technologies Ltd. Sponsored ADR has a 52 week low of $5.45 and a 52 week high of $46.69.

Alarum Technologies (NASDAQ:ALAR - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported $0.01 EPS for the quarter, meeting analysts' consensus estimates of $0.01. The firm had revenue of $7.13 million for the quarter, compared to analyst estimates of $7.31 million. Alarum Technologies had a return on equity of 27.47% and a net margin of 15.53%.

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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