Cubist Systematic Strategies LLC Cuts Stake in Alarum Technologies Ltd. (NASDAQ:ALAR)

Cubist Systematic Strategies LLC reduced its stake in Alarum Technologies Ltd. (NASDAQ:ALAR) by 34.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,999 shares of the company’s stock after selling 26,540 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.74% of Alarum Technologies worth $541,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Acuitas Investments LLC bought a new position in Alarum Technologies in the fourth quarter valued at about $595,000. Wells Fargo & Company MN raised its stake in shares of Alarum Technologies by 150.1% in the fourth quarter. Wells Fargo & Company MN now owns 5,000 shares of the company’s stock worth $53,000 after buying an additional 3,001 shares during the period. Virtu Financial LLC bought a new stake in Alarum Technologies during the 4th quarter valued at approximately $114,000. Marshall Wace LLP bought a new stake in Alarum Technologies during the 4th quarter valued at approximately $116,000. Finally, National Bank of Canada FI bought a new stake in Alarum Technologies during the 4th quarter valued at approximately $58,000. 3.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Alarum Technologies Stock Down 0.1%

NASDAQ ALAR opened at $7.88 on Friday. The company has a fifty day moving average of $6.97 and a two-hundred day moving average of $9.58. The firm has a market capitalization of $55.14 million, a price-to-earnings ratio of 7.30 and a beta of 1.11. Alarum Technologies Ltd. has a 52 week low of $5.45 and a 52 week high of $46.69.

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

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.