Insider Selling: Iron Mountain (NYSE:IRM) Director Sells $94,208.65 in Stock

Iron Mountain Incorporated (NYSE:IRM) Director Walter Rakowich sold 757 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $124.45, for a total value of $94,208.65. Following the completion of the transaction, the director owned 1,135 shares of the company’s stock, valued at $141,250.75. The trade was a 40.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Iron Mountain Stock Performance

Shares of IRM opened at $126.58 on Friday. The stock has a market capitalization of $37.66 billion, a price-to-earnings ratio of 139.10 and a beta of 1.20. Iron Mountain Incorporated has a 52 week low of $77.77 and a 52 week high of $134.09. The stock has a fifty day moving average of $113.86 and a 200-day moving average of $100.48.

Iron Mountain (NYSE:IRM) last announced its earnings results on Thursday, April 30th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.10. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.86 billion. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.Iron Mountain’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period last year, the company earned $1.17 EPS. Iron Mountain has set its Q2 2026 guidance at 1.400-1.400 EPS and its FY 2026 guidance at 5.790-5.860 EPS. As a group, equities analysts forecast that Iron Mountain Incorporated will post 5.4 EPS for the current year.

Iron Mountain Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Monday, June 15th will be given a dividend of $0.864 per share. This represents a $3.46 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. Iron Mountain’s dividend payout ratio (DPR) is currently 379.12%.

Institutional Trading of Iron Mountain

Large investors have recently bought and sold shares of the business. Dynamic Wealth Strategies LLC acquired a new stake in Iron Mountain during the 1st quarter worth about $31,000. Garton & Associates Financial Advisors LLC acquired a new stake in Iron Mountain during the 4th quarter worth about $25,000. Johnson Financial Group Inc. acquired a new stake in Iron Mountain during the 3rd quarter worth about $32,000. Beaird Harris Wealth Management LLC grew its holdings 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 worth $29,000 after acquiring an additional 350 shares during the period. Finally, Bayban acquired a new stake in Iron Mountain during the 4th quarter worth about $33,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on IRM shares. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Truist Financial set a $140.00 target price on Iron Mountain in a research report on Friday, May 1st. Loop Capital set a $130.00 target price on Iron Mountain in a research report on Wednesday, March 4th. JPMorgan Chase & Co. raised their target price on Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iron Mountain in a research report on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Iron Mountain currently has an average rating of “Moderate Buy” and a consensus price target of $131.67.

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.