Insider Selling: Iron Mountain (NYSE:IRM) EVP Sells $643,620.00 in Stock

Iron Mountain Incorporated (NYSE:IRM) EVP Mark Kidd sold 6,000 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $107.27, for a total transaction of $643,620.00. Following the completion of the transaction, the executive vice president owned 131,507 shares of the company’s stock, valued at approximately $14,106,755.89. This represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mark Kidd also recently made the following trade(s):

• On Friday, January 2nd, Mark Kidd sold 6,000 shares of Iron Mountain stock. The shares were sold at an average price of $83.10, for a total transaction of $498,600.00.

Iron Mountain Stock Performance

Shares of Iron Mountain stock opened at $107.15 on Friday. The firm has a 50-day simple moving average of $96.37 and a two-hundred day simple moving average of $95.22. Iron Mountain Incorporated has a fifty-two week low of $72.33 and a fifty-two week high of $115.24. The company has a market cap of $31.70 billion, a P/E ratio of 223.23 and a beta of 1.13.

Iron Mountain Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Monday, March 16th will be given a dividend of $0.864 per share. The ex-dividend date is Monday, March 16th. This represents a $3.46 dividend on an annualized basis and a yield of 3.2%. Iron Mountain’s dividend payout ratio is currently 718.75%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on IRM shares. JPMorgan Chase & Co. increased their target price on Iron Mountain from $100.00 to $111.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Barclays upped their price objective on shares of Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Loop Capital set a $130.00 target price on shares of Iron Mountain in a research report on Wednesday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a research note on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Iron Mountain has an average rating of “Moderate Buy” and an average target price of $116.60.

Institutional Investors Weigh In On Iron Mountain

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Koshinski Asset Management Inc. raised its position in shares of Iron Mountain by 2.0% in the third quarter. Koshinski Asset Management Inc. now owns 5,108 shares of the financial services provider’s stock valued at $521,000 after buying an additional 98 shares during the last quarter. NorthCrest Asset Manangement LLC grew its stake in Iron Mountain by 3.6% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 2,929 shares of the financial services provider’s stock valued at $310,000 after acquiring an additional 103 shares in the last quarter. Continuum Advisory LLC raised its holdings in Iron Mountain by 5.3% in the 3rd quarter. Continuum Advisory LLC now owns 2,077 shares of the financial services provider’s stock valued at $212,000 after acquiring an additional 104 shares during the last quarter. Rothschild Investment LLC lifted its stake in Iron Mountain by 15.4% in the 4th quarter. Rothschild Investment LLC now owns 780 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 104 shares in the last quarter. Finally, Natural Investments LLC lifted its stake in Iron Mountain by 3.1% in the 3rd quarter. Natural Investments LLC now owns 3,581 shares of the financial services provider’s stock worth $365,000 after purchasing an additional 107 shares in the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

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.