Alarum Technologies (NASDAQ:ALAR) Trading Down 3.4% – Should You Sell?

Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) was down 3.4% during trading on Wednesday . The stock traded as low as $13.50 and last traded at $14.05. Approximately 67,593 shares were traded during trading, an increase of 16% from the average daily volume of 58,505 shares. The stock had previously closed at $14.55.

Wall Street Analyst Weigh In

ALAR has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alarum Technologies in a research report on Wednesday, October 8th. Canaccord Genuity Group upped their target price on Alarum Technologies from $15.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Finally, Wall Street Zen raised Alarum Technologies from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Alarum Technologies presently has a consensus rating of “Hold” and a consensus target price of $22.00.

Alarum Technologies Trading Down 3.4%

The firm has a 50-day moving average of $15.37 and a 200-day moving average of $11.85. The stock has a market capitalization of $100.18 million, a price-to-earnings ratio of 18.49 and a beta of 1.43.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ALAR. Jones Financial Companies Lllp increased its holdings in Alarum Technologies by 2,102.9% in the 1st quarter. Jones Financial Companies Lllp now owns 6,168 shares of the company’s stock worth $39,000 after buying an additional 5,888 shares during the period. GAMMA Investing LLC increased its holdings in Alarum Technologies by 249.1% in the 1st quarter. GAMMA Investing LLC now owns 6,752 shares of the company’s stock worth $42,000 after buying an additional 4,818 shares during the period. XTX Topco Ltd acquired a new position in Alarum Technologies in the 2nd quarter worth approximately $142,000. Finally, CreativeOne Wealth LLC acquired a new position in Alarum Technologies in the 1st quarter worth approximately $158,000. 3.23% of the stock is owned by institutional investors and hedge funds.

Alarum Technologies Company 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.