Values First Advisors Inc. Sells 353 Shares of Iron Mountain Incorporated (NYSE:IRM)

Values First Advisors Inc. lowered its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 17.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,682 shares of the financial services provider’s stock after selling 353 shares during the period. Values First Advisors Inc.’s holdings in Iron Mountain were worth $177,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of Iron Mountain in the 3rd quarter worth about $31,000. West Branch Capital LLC bought a new position in shares of Iron Mountain during the third quarter valued at approximately $33,000. Teachers Insurance & Annuity Association of America purchased a new position in shares of Iron Mountain during the third quarter valued at approximately $36,000. Dunhill Financial LLC boosted its position in shares of Iron Mountain by 50.5% in the 3rd quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 152 shares in the last quarter. Finally, Oakworth Capital Inc. purchased a new stake in shares of Iron Mountain in the 4th quarter worth approximately $55,000. 80.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Iron Mountain

In other news, CEO William L. Meaney sold 69,131 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $104.85, for a total transaction of $7,248,385.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mithu Bhargava sold 8,263 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $104.49, for a total value of $863,400.87. Following the sale, the executive vice president now directly owns 13,054 shares of the company’s stock, valued at $1,364,012.46. This represents a 38.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 162,391 shares of company stock worth $16,805,912 over the last quarter. Insiders own 2.10% of the company’s stock.

Iron Mountain Stock Performance

NYSE IRM opened at $102.85 on Thursday. The business’s 50 day moving average price is $106.40 and its 200-day moving average price is $112.85. Iron Mountain Incorporated has a fifty-two week low of $66.20 and a fifty-two week high of $130.24. The company has a market cap of $30.18 billion, a P/E ratio of 285.70, a P/E/G ratio of 5.84 and a beta of 1.01.

About Iron Mountain

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.