Apollon Wealth Management LLC Sells 1,122 Shares of Iron Mountain Incorporated (NYSE:IRM)

Apollon Wealth Management LLC lowered its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,220 shares of the financial services provider’s stock after selling 1,122 shares during the quarter. Apollon Wealth Management LLC’s holdings in Iron Mountain were worth $1,915,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in Iron Mountain in the third quarter valued at approximately $31,000. West Branch Capital LLC purchased a new position in shares of Iron Mountain during the 3rd quarter valued at $33,000. Teachers Insurance & Annuity Association of America bought a new position in shares of Iron Mountain during the 3rd quarter worth $36,000. Dunhill Financial LLC raised its stake in Iron Mountain by 50.5% in the 3rd quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 152 shares during the period. Finally, Oakworth Capital Inc. purchased a new stake in Iron Mountain during the fourth quarter valued at about $55,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Iron Mountain Stock Down 0.1 %

IRM opened at $106.13 on Monday. The business’s fifty day simple moving average is $107.31 and its 200 day simple moving average is $112.80. Iron Mountain Incorporated has a 52 week low of $66.20 and a 52 week high of $130.24. The stock has a market cap of $31.14 billion, a PE ratio of 294.81, a P/E/G ratio of 5.84 and a beta of 1.01.

Insider Buying and Selling

In other news, EVP Mithu Bhargava sold 8,263 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $104.49, for a total value of $863,400.87. Following the completion of the sale, the executive vice president now owns 13,054 shares of the company’s stock, valued at approximately $1,364,012.46. The trade was a 38.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William L. Meaney sold 69,125 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $99.83, for a total value of $6,900,748.75. The disclosure for this sale can be found here. Insiders sold 162,391 shares of company stock worth $16,805,912 in the last quarter. 2.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. BNP Paribas upgraded shares of Iron Mountain to a “strong-buy” rating in a research note on Wednesday, November 6th. Wells Fargo & Company lowered their target price on shares of Iron Mountain from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Royal Bank of Canada raised their price target on Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. StockNews.com lowered Iron Mountain from a “hold” rating to a “sell” rating in a research note on Tuesday, January 28th. Finally, Barclays cut their target price on Iron Mountain from $131.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $129.17.

Iron Mountain Company Profile

Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers’ work. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals.