Virtu Financial LLC Makes New $114,000 Investment in Alarum Technologies Ltd. (NASDAQ:ALAR)

Virtu Financial LLC acquired a new stake in shares of Alarum Technologies Ltd. (NASDAQ:ALAR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,780 shares of the company’s stock, valued at approximately $114,000. Virtu Financial LLC owned about 0.16% of Alarum Technologies at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Heck Capital Advisors LLC bought a new position in Alarum Technologies during the 4th quarter worth approximately $32,000. XTX Topco Ltd increased its stake in shares of Alarum Technologies by 55.7% in the third quarter. XTX Topco Ltd now owns 10,820 shares of the company’s stock worth $115,000 after buying an additional 3,870 shares during the period. Finally, Acuitas Investments LLC bought a new position in shares of Alarum Technologies during the fourth quarter valued at about $595,000. Hedge funds and other institutional investors own 3.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group dropped their target price on shares of Alarum Technologies from $25.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, March 21st.

Alarum Technologies Stock Performance

ALAR stock opened at $6.36 on Monday. Alarum Technologies Ltd. has a 52-week low of $5.86 and a 52-week high of $46.69. The firm has a market capitalization of $44.10 million, a price-to-earnings ratio of 5.89 and a beta of 0.69. The firm has a 50 day moving average price of $8.32 and a 200-day moving average price of $10.98.

Alarum Technologies (NASDAQ:ALAR) last released its quarterly earnings results on Thursday, March 20th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.18. Alarum Technologies had a return on equity of 46.33% and a net margin of 22.21%. The firm had revenue of $7.37 million for the quarter, compared to the consensus estimate of $7.48 million.

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.