Bank of America Corp DE raised its holdings in shares of AlarmCom Hldg Inc (NASDAQ:ALRM) by 9.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 432,291 shares of the software maker’s stock after acquiring an additional 38,623 shares during the quarter. Bank of America Corp DE owned approximately 0.91% of AlarmCom worth $17,457,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. BlackRock Inc. raised its holdings in AlarmCom by 25.5% during the second quarter. BlackRock Inc. now owns 3,737,921 shares of the software maker’s stock valued at $150,936,000 after acquiring an additional 758,513 shares during the period. Brown Advisory Inc. raised its holdings in AlarmCom by 21.6% during the second quarter. Brown Advisory Inc. now owns 1,066,141 shares of the software maker’s stock valued at $43,050,000 after acquiring an additional 189,032 shares during the period. Janus Henderson Group PLC raised its holdings in AlarmCom by 21.7% during the second quarter. Janus Henderson Group PLC now owns 830,856 shares of the software maker’s stock valued at $33,550,000 after acquiring an additional 148,416 shares during the period. Standard Life Aberdeen plc raised its holdings in AlarmCom by 40.9% during the second quarter. Standard Life Aberdeen plc now owns 774,408 shares of the software maker’s stock valued at $31,282,000 after acquiring an additional 224,866 shares during the period. Finally, Eagle Asset Management Inc. bought a new stake in AlarmCom during the second quarter valued at about $29,999,000. 96.01% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have commented on ALRM shares. ValuEngine cut AlarmCom from a “buy” rating to a “hold” rating in a report on Thursday, June 21st. Jefferies Financial Group raised their price target on AlarmCom to $55.00 and gave the company a “buy” rating in a report on Wednesday, August 8th. Goldman Sachs Group cut AlarmCom from a “neutral” rating to a “sell” rating in a report on Wednesday, June 27th. Credit Suisse Group raised their price target on AlarmCom from $52.00 to $57.00 and gave the company an “outperform” rating in a report on Wednesday, August 8th. Finally, Imperial Capital reissued an “in-line” rating and set a $60.00 price target (up from $45.00) on shares of AlarmCom in a report on Thursday, August 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $53.75.
In related news, Director Hugh Panero sold 1,115 shares of AlarmCom stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $56.75, for a total value of $63,276.25. Following the completion of the transaction, the director now owns 4,835 shares in the company, valued at $274,386.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Crossover Managemen Technology sold 172,032 shares of AlarmCom stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $55.23, for a total value of $9,501,327.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 324,245 shares of company stock valued at $17,998,456. Company insiders own 37.10% of the company’s stock.
Shares of AlarmCom stock opened at $51.92 on Monday. The stock has a market cap of $2.74 billion, a PE ratio of 68.32, a PEG ratio of 3.35 and a beta of 1.33. The company has a quick ratio of 3.93, a current ratio of 4.25 and a debt-to-equity ratio of -1.08. AlarmCom Hldg Inc has a twelve month low of $33.39 and a twelve month high of $60.20.
AlarmCom (NASDAQ:ALRM) last issued its quarterly earnings data on Tuesday, August 7th. The software maker reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.12. The firm had revenue of $104.49 million during the quarter, compared to analyst estimates of $94.72 million. AlarmCom had a negative return on equity of 64.90% and a net margin of 9.75%. Analysts anticipate that AlarmCom Hldg Inc will post 1.01 earnings per share for the current fiscal year.
Alarm.com Holdings, Inc provides cloud-based software platform solutions for smart residential and commercial properties in the United States and internationally. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, thermostats, garage doors, and video cameras; and high definition video monitoring solutions, such as live streaming, smart clip capture, secure cloud storage, video alerts, continuous HD recording, and commercial video surveillance solutions.
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