Alarum Technologies (NASDAQ:ALAR) Price Target Lowered to $25.00 at Canaccord Genuity Group

Alarum Technologies (NASDAQ:ALAR) had its price objective cut by Canaccord Genuity Group from $28.00 to $25.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Separately, Alliance Global Partners decreased their target price on Alarum Technologies from $34.00 to $20.00 and set a “buy” rating for the company in a report on Monday, August 26th.

Alarum Technologies Price Performance

Shares of NASDAQ:ALAR opened at $12.64 on Tuesday. The business’s 50-day moving average is $13.29 and its 200 day moving average is $22.00. Alarum Technologies has a 1 year low of $4.20 and a 1 year high of $46.69. The firm has a market capitalization of $86.82 million, a P/E ratio of 11.70 and a beta of 0.66.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ALAR. Acadian Asset Management LLC boosted its stake in shares of Alarum Technologies by 3,652.5% in the second 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 during the last quarter. Renaissance Technologies LLC raised its stake in Alarum Technologies by 172.2% during the second quarter. Renaissance Technologies LLC now owns 158,861 shares of the company’s stock worth $6,626,000 after purchasing an additional 100,489 shares during the period. Altshuler Shaham Ltd acquired a new position in Alarum Technologies in the second quarter valued at approximately $3,229,000. ARK Investment Management LLC acquired a new stake in Alarum Technologies during the third quarter worth $785,000. Finally, Independent Advisor Alliance purchased a new stake in Alarum Technologies in the third quarter valued at $386,000. Institutional investors and hedge funds own 3.23% of the company’s stock.

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.