Mark Kidd Sells 6,000 Shares of Iron Mountain (NYSE:IRM) Stock

Iron Mountain Incorporated (NYSE:IRM) EVP Mark Kidd sold 6,000 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $127.91, for a total transaction of $767,460.00. Following the transaction, the executive vice president owned 119,507 shares in the company, valued at approximately $15,286,140.37. This trade represents a 4.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 1st, Mark Kidd sold 6,000 shares of Iron Mountain stock. The shares were sold at an average price of $102.71, for a total transaction of $616,260.00.
• On Monday, March 2nd, Mark Kidd sold 6,000 shares of Iron Mountain stock. The stock was sold at an average price of $107.27, for a total transaction of $643,620.00.

Iron Mountain Price Performance

Iron Mountain stock opened at $126.28 on Wednesday. Iron Mountain Incorporated has a one year low of $77.77 and a one year high of $134.09. The company’s fifty day moving average price is $110.95 and its two-hundred day moving average price is $99.21. The company has a market capitalization of $37.57 billion, a price-to-earnings ratio of 138.77 and a beta of 1.20.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.10. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The business’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.17 earnings per share. Iron Mountain has set its Q2 2026 guidance at 1.400-1.400 EPS and its FY 2026 guidance at 5.790-5.860 EPS. As a group, sell-side analysts anticipate that Iron Mountain Incorporated will post 5.4 earnings per share for the current year.

Iron Mountain Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Monday, June 15th will be issued a $0.864 dividend. This represents a $3.46 annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, June 15th. Iron Mountain’s payout ratio is 380.22%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on IRM. Loop Capital set a $130.00 price target on shares of Iron Mountain in a research report on Wednesday, March 4th. Truist Financial set a $140.00 price objective on shares of Iron Mountain in a report on Friday, May 1st. Zacks Research lowered shares of Iron Mountain from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. JPMorgan Chase & Co. boosted their target price on shares of Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Wells Fargo & Company upped their price target on shares of Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $131.67.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IRM. PNC Financial Services Group Inc. grew its stake in shares of Iron Mountain by 12.1% in the first quarter. PNC Financial Services Group Inc. now owns 68,569 shares of the financial services provider’s stock worth $7,004,000 after acquiring an additional 7,375 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in Iron Mountain during the 1st quarter valued at $135,000. Meeder Advisory Services Inc. raised its stake in Iron Mountain by 2.9% during the 1st quarter. Meeder Advisory Services Inc. now owns 3,741 shares of the financial services provider’s stock valued at $382,000 after purchasing an additional 107 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Iron Mountain by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,552,286 shares of the financial services provider’s stock valued at $464,931,000 after purchasing an additional 122,927 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in Iron Mountain by 23.2% in the 1st quarter. Parallel Advisors LLC now owns 3,857 shares of the financial services provider’s stock valued at $394,000 after purchasing an additional 727 shares during the period. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Iron Mountain Company Profile

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.