Iron Mountain Inc (IRM) Files Form 4 Insider Selling : Ernest W Cloutier Sells 63,536 Shares

Iron Mountain Inc (IRM): Ernest W Cloutier , EVP, Gen. Counsel, Secretary of Iron Mountain Inc sold 63,536 shares on May 31, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $36.65 per share for a total value of $2,324,212.75 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 2, 2016, William L Meaney (President and CEO) sold 315,178 shares at $36.54 per share price.On May 4, 2016, Clark H Bailey (director) sold 9,772 shares at $37.08 per share price.Also, On Apr 20, 2016, Marc A Duale (President Iron Mountain Int’l) sold 43,802 shares at $35.01 per share price.On Feb 24, 2016, Eileen Sweeney (Sr.VP,and GM,Data Management) sold 1,232 shares at $29.26 per share price.

Shares of Iron Mountain Inc (IRM) ended Wednesday, Jun 1, 2016 session in red amid volatile trading. The shares closed down -0.09 points or -0.24% at $36.65 with 23,54,837 shares getting traded. Post opening the session at $36.55, the shares hit an intraday low of $36.46 and an intraday high of $36.84 and the price vacillated in this range throughout the day. The company has a market cap of $7,768 M and the number of outstanding shares has been calculated to be 21,19,52,150 shares. The 52-week high of Iron Mountain Inc is $38.64 and the 52-week low is $23.64.

Iron Mountain Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Iron Mountain Inc is Upgraded by Stifel to Buy and the brokerage firm has set the Price Target at $39. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Apr 18, 2016.

Iron Mountain Inc. is a holding company which stores records primarily paper documents and data backup media and provide information management services. The Company has five segments: North American Records and Information Management Business North American Data Management Business Western European Business Other International Business and Corporate and Other Business. It offers records and information management services and data management services. Its customer base includes commercial legal banking healthcare accounting insurance entertainment and government organizations. As of December 31 2014 the Company’s courier fleet consisted of approximately 3600 owned or leased vehicles. Its other services include secure shredding document management solutions (DMS) compliant records management and consulting services health information storage and management solutions entertainment services energy data services discovery services and other ancillary services.

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