Iron Mountain Incorporated

New York Stock Exchange
Back to all articles
Somewhat Bullish +35

Iron Mountain (NYSE:IRM) CEO Sells $4,389,113.92 in Stock - MarketBeat

AI-generated analysis

📈 Iron Mountain reported quarterly revenue of $2.03 billion and EPS of $0.60, beating analyst estimates for both metrics.

💰 The company declared a quarterly dividend of $0.864 per share, representing a 3.1% yield with an ex-dividend date of September 15th.

📉 CEO William Meaney sold 38,474 shares for $4.39 million under a pre-arranged Rule 10b5-1 trading plan, reducing his stake by 50%.

📊 Shares of Iron Mountain fell 2.0% to $111.96 following the earnings release and CEO stock sale.

🏦 Institutional investors hold approximately 80.13% of the company's shares, including significant new positions from BlackRock and California State Teachers Retirement System.

📉 Wall Street Zen downgraded Iron Mountain from 'Buy' to 'Hold,' while Truist Financial raised its price target to $155.00 with a 'Buy' rating.

🔮 The company provided Q3 2026 EPS guidance of $1.47 and FY 2026 guidance ranging between $5.87 and $5.93.

📉 Iron Mountain has a negative return on equity of -85.44% and a net margin of 5.54% for the reported quarter.

Bullish Signals
  • Iron Mountain exceeded analyst expectations with quarterly revenue of $2.03 billion versus an estimate of $1.97 billion.
  • The company beat earnings per share estimates, reporting $0.60 EPS compared to the consensus of $0.54.
  • Institutional ownership remains strong at 80.13%, with major funds like BlackRock and California State Teachers Retirement System increasing or initiating positions.
Risk Factors
  • CEO William Meaney sold 38,474 shares for $4.39 million, reducing his personal stake by 50% in a transaction that coincided with a stock price decline.
  • Shares fell 2.0% to $111.96 following the earnings report and CEO sale activity.
  • Wall Street Zen downgraded Iron Mountain from a 'Buy' rating to a 'Hold' rating in a recent research note.
Full Analysis
Iron Mountain (NYSE:IRM) reported quarterly revenue of $2.03 billion and earnings per share (EPS) of $0.60, surpassing analyst expectations of $1.97 billion in revenue and $0.54 in EPS. The company also declared a quarterly dividend of $0.864 per share, offering a 3.1% yield to shareholders with a record date of September 15th. CEO William Meaney sold 38,474 shares of Iron Mountain stock at an average price of $114.08, totaling approximately $4.39 million. This transaction reduced his personal position by 50% and was executed under a pre-arranged Rule 10b5-1 trading plan on September 1st. Following the earnings report and CEO sale, Iron Mountain shares fell 2.0% to close at $111.96. Analyst consensus remains a 'Moderate Buy' with an average price target of $137.67, though some firms recently downgraded the stock to 'Hold.' Institutional investors own approximately 80.13% of the company's outstanding shares.