Public Sector Pension Investment Board trimmed its holdings in AlarmCom Hldg Inc (NASDAQ:ALRM) by 11.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,645 shares of the software maker’s stock after selling 10,700 shares during the quarter. Public Sector Pension Investment Board’s holdings in AlarmCom were worth $3,508,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. FMR LLC boosted its position in shares of AlarmCom by 323,590.2% during the 1st quarter. FMR LLC now owns 297,795 shares of the software maker’s stock valued at $19,327,000 after acquiring an additional 297,703 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in AlarmCom by 110.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,635 shares of the software maker’s stock valued at $76,000 after buying an additional 857 shares during the period. State Street Corp raised its holdings in AlarmCom by 1.5% during the 3rd quarter. State Street Corp now owns 1,067,223 shares of the software maker’s stock valued at $49,775,000 after buying an additional 15,894 shares during the period. California State Teachers Retirement System raised its holdings in AlarmCom by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 57,260 shares of the software maker’s stock valued at $2,671,000 after buying an additional 684 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in AlarmCom by 29.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 18,701 shares of the software maker’s stock valued at $872,000 after buying an additional 4,302 shares during the period. Institutional investors and hedge funds own 99.87% of the company’s stock.
In related news, insider Christopher P. Marshall sold 25,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $34.29, for a total transaction of $857,250.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Vii Lp Tcv sold 75,747 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $45.73, for a total value of $3,463,910.31. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,118 shares of company stock worth $5,815,865. Insiders own 26.00% of the company’s stock.
Several analysts recently weighed in on the company. Maxim Group restated a “buy” rating and set a $79.00 price target on shares of AlarmCom in a report on Thursday, February 27th. Zacks Investment Research lowered AlarmCom from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub upgraded AlarmCom from a “hold” rating to a “buy” rating in a report on Saturday, March 21st. Imperial Capital increased their price target on AlarmCom from $57.00 to $59.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Finally, ValuEngine upgraded AlarmCom from a “hold” rating to a “buy” rating in a report on Friday, March 20th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $66.30.
ALRM stock traded up $2.61 during midday trading on Thursday, reaching $42.44. The company’s stock had a trading volume of 704,244 shares, compared to its average volume of 942,083. The stock has a fifty day simple moving average of $43.75 and a two-hundred day simple moving average of $44.98. AlarmCom Hldg Inc has a 1 year low of $32.00 and a 1 year high of $71.50. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 40.04, a PEG ratio of 3.01 and a beta of 1.06.
AlarmCom (NASDAQ:ALRM) last released its earnings results on Tuesday, February 25th. The software maker reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.10. AlarmCom had a negative return on equity of 194.90% and a net margin of 10.66%. The business had revenue of $140.49 million for the quarter, compared to analyst estimates of $113.63 million. During the same quarter last year, the firm posted $0.29 earnings per share. The business’s revenue was up 26.1% compared to the same quarter last year. On average, equities research analysts predict that AlarmCom Hldg Inc will post 1.09 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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