AlarmCom Sees Unusually Large Options Volume (NASDAQ:ALRM)

AlarmCom Hldg Inc (NASDAQ:ALRM) was the target of some unusual options trading activity on Thursday. Traders purchased 1,856 call options on the stock. This is an increase of 1,245% compared to the average volume of 138 call options.

In related news, insider Timothy P. Mcadam sold 20,407 shares of AlarmCom stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $36.78, for a total value of $750,569.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hugh Panero sold 16,114 shares of AlarmCom stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $37.26, for a total transaction of $600,407.64. Following the completion of the transaction, the director now owns 58,615 shares of the company’s stock, valued at approximately $2,183,994.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 248,406 shares of company stock worth $10,475,001. Insiders own 46.80% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in ALRM. Schwab Charles Investment Management Inc. lifted its holdings in AlarmCom by 42.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 60,664 shares of the software maker’s stock valued at $2,283,000 after purchasing an additional 18,204 shares in the last quarter. Rhumbline Advisers lifted its holdings in AlarmCom by 102.6% in the 2nd quarter. Rhumbline Advisers now owns 23,134 shares of the software maker’s stock valued at $871,000 after purchasing an additional 11,716 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in AlarmCom by 38.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 364,064 shares of the software maker’s stock valued at $13,700,000 after purchasing an additional 100,698 shares in the last quarter. Legal & General Group Plc lifted its holdings in AlarmCom by 57.4% in the 2nd quarter. Legal & General Group Plc now owns 4,586 shares of the software maker’s stock valued at $172,000 after purchasing an additional 1,673 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in AlarmCom by 95.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the software maker’s stock valued at $156,000 after purchasing an additional 2,033 shares in the last quarter. Institutional investors own 81.93% of the company’s stock.

A number of research analysts recently issued reports on ALRM shares. Stifel Nicolaus reiterated a “hold” rating and issued a $38.00 price target (up previously from $34.00) on shares of AlarmCom in a research note on Thursday, November 9th. Credit Suisse Group restated an “outperform” rating and set a $52.00 price objective (up previously from $46.00) on shares of AlarmCom in a research report on Thursday, November 9th. Maxim Group reaffirmed a “buy” rating and issued a $57.00 target price on shares of AlarmCom in a report on Tuesday, November 21st. Northland Securities set a $51.00 target price on shares of AlarmCom and gave the company a “buy” rating in a report on Thursday, November 16th. Finally, Bank of America boosted their price objective on shares of AlarmCom from $46.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. AlarmCom has a consensus rating of “Buy” and a consensus price target of $46.80.

AlarmCom (ALRM) traded down $0.56 during trading on Monday, hitting $35.62. 479,417 shares of the company traded hands, compared to its average volume of 645,617. The stock has a market cap of $1,680.00 and a price-to-earnings ratio of 54.80. The company has a quick ratio of 2.88, a current ratio of 3.16 and a debt-to-equity ratio of -0.81. AlarmCom has a 1-year low of $27.05 and a 1-year high of $49.49.

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AlarmCom Company Profile

Alarm.com Holdings, Inc is a platform solution for the connected property. The Company offers a suite of cloud-based solutions for the smart home and business, including interactive security, video monitoring, intelligent automation and energy management. The Company operates through two segments: Alarm.com and Other.

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