Acuitas Investments LLC Invests $595,000 in Alarum Technologies Ltd. (NASDAQ:ALAR)

Acuitas Investments LLC purchased a new stake in shares of Alarum Technologies Ltd. (NASDAQ:ALAR) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 56,113 shares of the company’s stock, valued at approximately $595,000. Acuitas Investments LLC owned approximately 0.81% of Alarum Technologies at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ARK Investment Management LLC acquired a new stake in shares of Alarum Technologies during the third quarter valued at about $785,000. Independent Advisor Alliance purchased a new position in Alarum Technologies in the third quarter valued at about $386,000. XTX Topco Ltd grew its stake in Alarum Technologies by 55.7% during the 3rd quarter. XTX Topco Ltd now owns 10,820 shares of the company’s stock valued at $115,000 after purchasing an additional 3,870 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new stake in Alarum Technologies during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 3.23% of the company’s stock.

Alarum Technologies Stock Performance

NASDAQ:ALAR opened at $9.30 on Tuesday. The stock has a 50-day simple moving average of $10.57 and a 200 day simple moving average of $13.04. Alarum Technologies Ltd. has a one year low of $8.97 and a one year high of $46.69. The company has a market capitalization of $64.45 million, a price-to-earnings ratio of 8.61 and a beta of 0.74.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group decreased their price target on shares of Alarum Technologies from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th.

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.