Two Sigma Investments LP Sells 23,125 Shares of Alarum Technologies Ltd. (NASDAQ:ALAR)

Two Sigma Investments LP reduced its position in Alarum Technologies Ltd. (NASDAQ:ALAR - Free Report) by 64.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,979 shares of the company's stock after selling 23,125 shares during the period. Two Sigma Investments LP owned 0.19% of Alarum Technologies worth $138,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN lifted its stake in Alarum Technologies by 150.1% in the fourth 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 in the 4th quarter valued at about $58,000. Virtu Financial LLC acquired a new stake in shares of Alarum Technologies in the 4th quarter valued at approximately $114,000. Marshall Wace LLP bought a new position in shares of Alarum Technologies during the fourth quarter worth $116,000. Finally, Ameriprise Financial Inc. acquired a new position in shares of Alarum Technologies in the 4th quarter valued at $147,000. 3.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised their price objective on Alarum Technologies from $11.00 to $15.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th.

Alarum Technologies Price Performance

Shares of Alarum Technologies stock traded up $1.08 on Monday, hitting $11.54. The company had a trading volume of 162,580 shares, compared to its average volume of 274,322. The stock has a 50-day moving average of $7.79 and a 200-day moving average of $8.75. Alarum Technologies Ltd. has a twelve month low of $5.45 and a twelve month high of $46.69. The firm has a market capitalization of $80.81 million, a P/E ratio of 10.69 and a beta of 1.07.

Alarum Technologies (NASDAQ:ALAR - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported $0.01 earnings per share for the quarter, hitting analysts' consensus estimates of $0.01. The firm had revenue of $7.13 million during the quarter, compared to analyst estimates of $7.31 million. Alarum Technologies had a net margin of 22.21% and a return on equity of 46.33%.

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.