On June 18, 2024, Barry Hytinen, Executive Vice President and Chief Financial Officer of Iron Mountain Inc (NYSE:IRM), executed a sale of 9,000 shares of the company. Following this sale, the insider now owns 110,367 shares of Iron Mountain Inc. Iron Mountain Inc specializes in storage and information management services, providing solutions that include records storage, data management, document management, data centers, art storage and logistics, and secure shredding to help organizations lower storage costs, comply with regulations, recover from disaster, and better use their information.
The transaction was executed at a price of $86.83 per share, as detailed in the SEC Filing. Following this transaction, the insider now owns 0 shares of Iron Mountain Inc. Iron Mountain Inc specializes in storage and information management services, providing solutions that include records storage, data management, document management, data centers, art storage and logistics, and secure shredding to help organizations lower storage costs, comply with regulations, recover from disaster, and better use their information.
A recurring revenue business model and expansion into the data center business are likely to drive Iron Mountain's (IRM) performance. However, high interest rates and competition raise concerns.