Iron Mountain Incorporated (NYSE:IRM – Get Free Report) EVP Mark Kidd sold 6,000 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $102.71, for a total value of $616,260.00. Following the sale, the executive vice president directly owned 125,507 shares in the company, valued at $12,890,823.97. This trade represents a 4.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Mark Kidd also recently made the following trade(s):
- On Monday, March 2nd, Mark Kidd sold 6,000 shares of Iron Mountain stock. The stock was sold at an average price of $107.27, for a total value of $643,620.00.
- On Friday, January 2nd, Mark Kidd sold 6,000 shares of Iron Mountain stock. The stock was sold at an average price of $83.10, for a total value of $498,600.00.
Iron Mountain Price Performance
Shares of IRM stock opened at $103.36 on Friday. The stock’s 50-day moving average is $102.68 and its 200 day moving average is $96.74. Iron Mountain Incorporated has a 1-year low of $72.33 and a 1-year high of $115.24. The company has a market cap of $30.75 billion, a P/E ratio of 215.34 and a beta of 1.13.
Iron Mountain Dividend Announcement
Hedge Funds Weigh In On Iron Mountain
Several hedge funds have recently modified their holdings of IRM. Garton & Associates Financial Advisors LLC acquired a new stake in Iron Mountain in the 4th quarter worth approximately $25,000. Quent Capital LLC acquired a new position in Iron Mountain during the 3rd quarter valued at approximately $27,000. Beaird Harris Wealth Management LLC increased its stake in Iron Mountain by 17,500.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 350 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Iron Mountain in the third quarter worth $32,000. Finally, Bayban acquired a new stake in shares of Iron Mountain during the fourth quarter worth $33,000. Institutional investors and hedge funds own 80.13% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts recently commented on IRM shares. Loop Capital set a $130.00 price objective on shares of Iron Mountain in a research note on Wednesday, March 4th. Barclays raised their target price on shares of Iron Mountain from $126.00 to $127.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iron Mountain in a research report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $116.60.
View Our Latest Analysis on IRM
About Iron Mountain
Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.
Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.
Further Reading
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