Insider Selling: Iron Mountain Incorporated (NYSE:IRM) CEO Sells 69,125 Shares of Stock

Iron Mountain Incorporated (NYSE:IRM) CEO William L. Meaney sold 69,125 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $99.83, for a total value of $6,900,748.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

William L. Meaney also recently made the following trade(s):

• On Thursday, January 2nd, William L. Meaney sold 69,131 shares of Iron Mountain stock. The shares were sold at an average price of $104.85, for a total transaction of $7,248,385.35.
• On Wednesday, December 11th, William L. Meaney sold 15,872 shares of Iron Mountain stock. The stock was sold at an average price of $112.99, for a total value of $1,793,377.28.

Iron Mountain Stock Performance

Shares of IRM opened at $103.87 on Thursday. The firm has a market cap of $30.48 billion, a PE ratio of 288.54, a PEG ratio of 5.58 and a beta of 1.01. The firm’s 50 day moving average price is $108.03 and its 200 day moving average price is $112.61. Iron Mountain Incorporated has a twelve month low of $66.20 and a twelve month high of $130.24.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. OneDigital Investment Advisors LLC increased its stake in shares of Iron Mountain by 1.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,986 shares of the financial services provider’s stock valued at $711,000 after acquiring an additional 89 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Iron Mountain by 0.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 11,372 shares of the financial services provider’s stock valued at $1,351,000 after buying an additional 92 shares during the last quarter. Geller Advisors LLC grew its position in shares of Iron Mountain by 2.9% in the 3rd quarter. Geller Advisors LLC now owns 3,373 shares of the financial services provider’s stock valued at $403,000 after acquiring an additional 96 shares during the period. Schmidt P J Investment Management Inc. raised its stake in Iron Mountain by 3.6% in the third quarter. Schmidt P J Investment Management Inc. now owns 2,860 shares of the financial services provider’s stock valued at $340,000 after buying an additional 100 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its holdings in shares of Iron Mountain by 0.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 25,159 shares of the financial services provider’s stock valued at $2,644,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

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.