New insider activity at Iron Mountain ( (IRM) ) has taken place on February 6, 2025.
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President & CEO William Meaney has recently executed a substantial transaction by selling 69,125 shares of Iron Mountain stock. This significant sale amounts to a total value of $6,900,176, marking a notable financial move by the company’s top executive.
Recent Updates on IRM stock
Recent financial analysis on Iron Mountain (IRM) indicates a cautious stance due to potential shifts in the artificial intelligence spending narrative, partly influenced by DeepSeek’s advancements in AI model efficiency. Barclays analyst Brendan Lynch slightly lowered the price target for Iron Mountain, attributing the adjustment to updated models in the real estate investment trust and communication infrastructure sectors ahead of the company’s Q4 report. Despite the adjustment, Barclays maintains an Overweight rating on Iron Mountain, suggesting continued confidence in the company’s long-term potential amidst evolving market conditions.
More about Iron Mountain
YTD Price Performance: -3.31%
Average Trading Volume: 1,783,150
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $29.72B