Fisher Asset Management LLC and
Charles Schwab Investment Management Inc. have recently made significant investments in
Iron Mountain, increasing their shares by 4478 and 81,741 respectively. On the other hand, notable reductions by
Dana Investment Advisors Inc. and
Swiss National Bank who sold substantial quantities of their Iron Mountain shares, indicate a mixed sentiment. Recent insider sales are noted, with transactions including those by Director
Wendy Murdock and EVP
Deborah Marson. Consistently positive Q1 FFOs and revenue estimates buoyed Iron Mountain's market position with a 20% YTD rally. However,
Truist Financial Corp trimmed their Iron Mountain stake citing concerns over valuation.
Q4 2023 and
Q1 2024 earnings beat expectations. Intriguingly, insider sale activities correlate with reports of record revenues and adjusted EBITDA for Q4 2023 and FY 2023. A consensus recommendation of “Moderate Buy” seems promising. Iron Mountain led competitors on strong trading days but often underperformed as well.
Iron Mountain IRM News Analytics from Thu, 02 Nov 2023 07:00:00 GMT to Sun, 12 May 2024 18:47:58 GMT -
Rating 4
- Innovation -2
- Information 6
- Rumor -3
