Insider Selling: Iron Mountain (NYSE:IRM) EVP Sells $693,600.00 in Stock

Key Points

• Iron Mountain EVP Mark Kidd sold 6,000 shares for approximately $693,600 at an average price of $115.60 under a pre-arranged Rule 10b5-1 trading plan, reducing his ownership by 5.91%.
• Iron Mountain shares fell to $111.96, while the company reported quarterly revenue of $2.03 billion and adjusted earnings of $0.60 per share, exceeding analyst expectations.
• The company declared a quarterly dividend of $0.864 per share, equivalent to an annualized yield of about 3.1%; analysts maintain a “Moderate Buy” consensus with a $137.67 average price target.

Iron Mountain Incorporated (NYSE:IRM - Get Free Report) EVP Mark Kidd sold 6,000 shares of the company's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $115.60, for a total value of $693,600.00. Following the sale, the executive vice president owned 95,507 shares of the company's stock, valued at $11,040,609.20. This trade represents a 5.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mark Kidd also recently made the following trade(s):

• On Friday, August 7th, Mark Kidd sold 6,000 shares of Iron Mountain stock. The shares were sold at an average price of $122.70, for a total value of $736,200.00.

Iron Mountain Price Performance

Iron Mountain stock traded down $2.26 during trading hours on Wednesday, reaching $111.96. The stock had a trading volume of 2,651,386 shares, compared to its average volume of 1,763,109. The company has a market cap of $33.33 billion, a price-to-earnings ratio of 79.97 and a beta of 1.18. The business's 50 day moving average price is $123.17 and its 200-day moving average price is $118.49. Iron Mountain Incorporated has a 52 week low of $77.77 and a 52 week high of $134.68.

Iron Mountain (NYSE:IRM - Get Free Report) last posted its earnings results on Wednesday, August 5th. The financial services provider reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.06. The company had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $1.97 billion. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. Iron Mountain's revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.24 earnings per share. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. On average, sell-side analysts forecast that Iron Mountain Incorporated will post 5.42 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th will be given a $0.864 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 3.1%. Iron Mountain's dividend payout ratio (DPR) is presently 246.43%.

Analyst Ratings Changes

Several brokerages recently issued reports on IRM. Truist Financial upped their target price on Iron Mountain from $140.00 to $155.00 and gave the company a "buy" rating in a research report on Thursday, August 27th. Wall Street Zen lowered shares of Iron Mountain from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Wells Fargo & Company boosted their target price on shares of Iron Mountain from $135.00 to $140.00 and gave the stock an "overweight" rating in a research report on Thursday, August 6th. Weiss Ratings lowered shares of Iron Mountain from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 25th. Finally, Barclays raised their price target on shares of Iron Mountain from $127.00 to $143.00 and gave the stock an "overweight" rating in a report on Wednesday, July 1st. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $137.67.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Bell Investment Advisors Inc purchased a new stake in Iron Mountain in the second quarter valued at approximately $26,000. Meeder Asset Management Inc. acquired a new position in Iron Mountain in the 2nd quarter worth approximately $27,000. Markowski Investments purchased a new position in Iron Mountain during the 2nd quarter worth approximately $34,000. IMG Wealth Management Inc. purchased a new position in Iron Mountain during the 2nd quarter worth approximately $34,000. Finally, Elevation Wealth Partners LLC lifted its stake in Iron Mountain by 444.2% during the 2nd quarter. Elevation Wealth Partners LLC now owns 283 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 231 shares during the period. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Iron Mountain Company Profile

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers' digital transformation.

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