State of Alaska Department of Revenue lifted its position in AlarmCom Hldg Inc (NASDAQ:ALRM) by 132.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 27,940 shares of the software maker’s stock after acquiring an additional 15,929 shares during the quarter. State of Alaska Department of Revenue’s holdings in AlarmCom were worth $1,303,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Pearl River Capital LLC bought a new stake in shares of AlarmCom in the second quarter worth about $38,000. Tower Research Capital LLC TRC acquired a new stake in shares of AlarmCom during the 2nd quarter worth approximately $42,000. Private Capital Group LLC increased its holdings in shares of AlarmCom by 26.5% during the 2nd quarter. Private Capital Group LLC now owns 1,170 shares of the software maker’s stock worth $47,000 after buying an additional 245 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of AlarmCom during the 2nd quarter worth approximately $75,000. Finally, NumerixS Investment Technologies Inc acquired a new stake in shares of AlarmCom during the 2nd quarter worth approximately $150,000. 97.89% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ALRM stock opened at $46.88 on Friday. AlarmCom Hldg Inc has a 52 week low of $40.92 and a 52 week high of $71.50. The stock has a market capitalization of $2.27 billion, a PE ratio of 35.79, a P/E/G ratio of 2.94 and a beta of 1.39. The firm has a 50 day moving average of $47.57 and a two-hundred day moving average of $55.15.
AlarmCom (NASDAQ:ALRM) last issued its quarterly earnings results on Thursday, August 8th. The software maker reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.08. AlarmCom had a net margin of 5.05% and a negative return on equity of 98.00%. The company had revenue of $121.66 million during the quarter, compared to analysts’ expectations of $109.45 million. During the same quarter last year, the company posted $0.34 EPS. The firm’s revenue was up 16.4% compared to the same quarter last year. On average, sell-side analysts predict that AlarmCom Hldg Inc will post 1.11 earnings per share for the current fiscal year.
In other AlarmCom news, insider Stephen Trundle sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $47.18, for a total value of $943,600.00. Following the completion of the transaction, the insider now owns 242,443 shares of the company’s stock, valued at approximately $11,438,460.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 26.00% of the company’s stock.
A number of research firms recently weighed in on ALRM. Maxim Group reaffirmed a “buy” rating and set a $79.00 price objective on shares of AlarmCom in a research report on Friday, August 9th. BidaskClub raised shares of AlarmCom from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th. Credit Suisse Group lowered their price objective on shares of AlarmCom from $70.00 to $62.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Roth Capital lowered their price objective on shares of AlarmCom from $73.00 to $55.00 in a research report on Tuesday, July 16th. Finally, Zacks Investment Research cut shares of AlarmCom from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. AlarmCom currently has a consensus rating of “Buy” and an average target price of $67.70.
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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