There has been significant activity around Iron Mountain Incorporated (NYSE:IRM). Several holders, including insiders and recognized institutions, have recorded transactions recently. Wendy J Murdock sold $275K worth of shares, reducing her stake significantly. Similarly, the Swiss National Bank and Truist Financial Corp also sold shares. Conversely, other institutions such as Charles Schwab Investment Management Inc., First Trust Direct Indexing L.P., and Federated Hermes Inc. increased their positions, indicating varying investor sentiments.
Meanwhile, performance of IRM stock has been a mixture - with both underperformance and outperformance reported compared to its peers. However, analysts seem confident about IRM, giving it a consensus recommendation of 'Moderate Buy'. Notably, the stock has also rallied 20% year-to-date, which raises question whether this trend would endure.
Q1 and Q2 results for the company beat estimates and affirmed expectations both on FFO and Revenues. The rise in revenues year-over-year confirms the positive performance of the company. It’s worth noting, however, despite consistent earnings, insider selling could indicate a possible concern.
Iron Mountain IRM News Analytics from Thu, 02 Nov 2023 07:00:00 GMT to Fri, 10 May 2024 09:57:19 GMT - Rating 6 - Innovation 2 - Information 4 - Rumor -5
