Iron Mountain (IRM) has been a topic of interest in the financial markets in recent times, with its stock hitting a new 12-month high at $82.31 and reported record revenues and adjusted EBITDA for Q4 and full year 2023. It surpassed Q1 and Q4 earnings expectations, with Q1 earnings well-aligned with EPS projections. Nonetheless, the company’s insider stock selling activities were disclosed, while some firms like Dana Investment Advisors, Inc., Victory Capital Management Inc., and Atria Wealth Solutions Inc. cut their stock positions in IRM. However, financial firms such as the Swiss National Bank, Fisher Asset Management LLC, GAMMA Investing LLC, and Federated Hermes Inc. increased their stakes in IRM. BNP Paribas Financial Markets and Mitsubishi UFJ Asset Management Co. Ltd. also purchased significant shares of the company. On the downside, the company's AFFO and revenues missed estimates in Q3. Regardless, the stock received a consensus recommendation of “Moderate Buy” from analysts.
Iron Mountain IRM News Analytics from Thu, 02 Nov 2023 07:00:00 GMT to Thu, 16 May 2024 16:54:35 GMT -
Rating +7
- Innovation +4
- Information -3
- Rumor -3
