Insider Selling: Iron Mountain Incorporated (NYSE:IRM) CEO Sells $6,900,748.75 in Stock

Iron Mountain Incorporated (NYSE:IRM) CEO William L. Meaney sold 69,125 shares of the firm’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 document filed with the Securities & Exchange Commission, which is available through the SEC website.

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 shares were sold at an average price of $112.99, for a total value of $1,793,377.28.

Iron Mountain Stock Performance

IRM stock opened at $106.13 on Friday. The company has a 50 day moving average price of $107.31 and a two-hundred day moving average price of $112.61. Iron Mountain Incorporated has a one year low of $66.20 and a one year high of $130.24. The stock has a market capitalization of $31.14 billion, a P/E ratio of 294.81, a PEG ratio of 5.58 and a beta of 1.01.

Institutional Investors Weigh In On Iron Mountain

Institutional investors have recently bought and sold shares of the business. Czech National Bank boosted its stake in Iron Mountain by 7.0% during the 3rd quarter. Czech National Bank now owns 59,755 shares of the financial services provider’s stock valued at $7,101,000 after acquiring an additional 3,896 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Iron Mountain by 27.4% in the 3rd quarter. GAMMA Investing LLC now owns 3,794 shares of the financial services provider’s stock worth $451,000 after purchasing an additional 815 shares during the last quarter. Diversified Trust Co increased its holdings in shares of Iron Mountain by 148.4% in the third quarter. Diversified Trust Co now owns 12,168 shares of the financial services provider’s stock valued at $1,446,000 after buying an additional 7,270 shares in the last quarter. Fulton Bank N.A. acquired a new stake in shares of Iron Mountain during the third quarter valued at approximately $229,000. Finally, City Center Advisors LLC acquired a new stake in shares of Iron Mountain in the third quarter worth $224,000. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IRM. BNP Paribas upgraded Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. StockNews.com cut Iron Mountain from a “hold” rating to a “sell” rating in a research note on Tuesday, January 28th. Wells Fargo & Company reduced their price target on shares of Iron Mountain from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday. Barclays lowered their target price on Iron Mountain from $131.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Finally, Royal Bank of Canada upped their price objective on Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $129.17.

Iron Mountain Company Profile

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.