William L. Meaney Sells 69,125 Shares of Iron Mountain Incorporated (NYSE:IRM) Stock

Iron Mountain Incorporated (NYSE:IRM) CEO William L. Meaney sold 69,125 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $99.83, for a total transaction of $6,900,748.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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 Trading Up 2.1 %

Shares of IRM opened at $106.14 on Friday. Iron Mountain Incorporated has a 12 month low of $66.20 and a 12 month high of $130.24. The stock has a market capitalization of $31.15 billion, a PE ratio of 294.84, a P/E/G ratio of 5.58 and a beta of 1.01. The firm’s 50 day moving average is $107.66 and its 200-day moving average is $112.56.

Institutional Investors Weigh In On Iron Mountain

A number of large investors have recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC acquired a new position in Iron Mountain during the 4th quarter worth approximately $26,000. Key Financial Inc grew its position in shares of Iron Mountain by 25,100.0% in the 4th quarter. Key Financial Inc now owns 252 shares of the financial services provider’s stock valued at $26,000 after buying an additional 251 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Iron Mountain during the 3rd quarter valued at approximately $31,000. West Branch Capital LLC bought a new position in Iron Mountain during the third quarter worth $33,000. Finally, Teachers Insurance & Annuity Association of America bought a new position in shares of Iron Mountain in the 3rd quarter worth about $36,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.