Altshuler Shaham Ltd Takes Position in Alarum Technologies Ltd. (NASDAQ:ALAR)

Altshuler Shaham Ltd purchased a new position in Alarum Technologies Ltd. (NASDAQ:ALAR) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 77,424 shares of the company’s stock, valued at approximately $3,229,000. Alarum Technologies makes up about 0.1% of Altshuler Shaham Ltd’s investment portfolio, making the stock its 25th largest holding. Altshuler Shaham Ltd owned 1.13% of Alarum Technologies at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ALAR. Acadian Asset Management LLC grew its position in shares of Alarum Technologies by 3,652.5% in the 2nd quarter. Acadian Asset Management LLC now owns 107,960 shares of the company’s stock worth $4,493,000 after acquiring an additional 105,083 shares in the last quarter. Cetera Advisors LLC acquired a new position in Alarum Technologies in the first quarter worth $366,000. Thoroughbred Financial Services LLC bought a new stake in Alarum Technologies during the second quarter valued at $747,000. Cantor Fitzgerald L. P. acquired a new stake in shares of Alarum Technologies during the fourth quarter worth $1,190,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Alarum Technologies during the second quarter worth $58,000. 3.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ALAR has been the subject of a number of recent research reports. Alliance Global Partners lowered their price objective on shares of Alarum Technologies from $34.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, August 26th. Canaccord Genuity Group reduced their price target on shares of Alarum Technologies from $42.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. Finally, Canaccord Genuity Group raised Alarum Technologies from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Thursday, July 25th.

Alarum Technologies Stock Performance

Alarum Technologies stock opened at $11.25 on Monday. The firm’s 50 day simple moving average is $19.22 and its 200-day simple moving average is $25.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.45 and a quick ratio of 2.45. Alarum Technologies Ltd. has a fifty-two week low of $2.92 and a fifty-two week high of $46.69. The company has a market cap of $76.53 million, a P/E ratio of -7.65 and a beta of 0.67.

Alarum Technologies (NASDAQ:ALAR) last issued its earnings results on Monday, August 26th. The company reported $0.40 earnings per share for the quarter. The company had revenue of $8.88 million for the quarter. Alarum Technologies had a return on equity of 54.68% and a net margin of 12.70%.

Alarum Technologies 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.