AlarmCom Hldg Inc (NASDAQ:ALRM) CEO Stephen Trundle sold 101,763 shares of the company’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $67.52, for a total transaction of $6,871,037.76. Following the transaction, the chief executive officer now owns 257,741 shares in the company, valued at $17,402,672.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of ALRM opened at $70.04 on Friday. The company has a 50 day moving average price of $66.33 and a 200-day moving average price of $50.51. AlarmCom Hldg Inc has a fifty-two week low of $32.00 and a fifty-two week high of $74.66. The stock has a market capitalization of $3.41 billion, a PE ratio of 66.08, a PEG ratio of 5.78 and a beta of 1.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.51 and a current ratio of 3.98.
AlarmCom (NASDAQ:ALRM) last announced its quarterly earnings results on Thursday, May 7th. The software maker reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.08. AlarmCom had a net margin of 9.84% and a return on equity of 18.82%. The firm had revenue of $151.90 million during the quarter, compared to analysts’ expectations of $125.13 million. During the same quarter in the prior year, the company earned $0.34 EPS. The company’s revenue was up 35.3% compared to the same quarter last year. Equities research analysts forecast that AlarmCom Hldg Inc will post 1.01 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in ALRM. FDx Advisors Inc. purchased a new stake in AlarmCom in the 1st quarter valued at $32,000. Canton Hathaway LLC purchased a new position in AlarmCom in the second quarter valued at approximately $32,000. Harvest Fund Management Co. Ltd purchased a new position in AlarmCom in the first quarter valued at approximately $62,000. Mutual of America Capital Management LLC raised its holdings in AlarmCom by 24.2% in the first quarter. Mutual of America Capital Management LLC now owns 1,601 shares of the software maker’s stock valued at $62,000 after buying an additional 312 shares during the period. Finally, Pearl River Capital LLC purchased a new position in AlarmCom in the first quarter valued at approximately $65,000. 97.37% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently commented on ALRM. Roth Capital upped their price target on shares of AlarmCom from $51.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, June 23rd. ValuEngine downgraded shares of AlarmCom from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Northland Securities upped their target price on shares of AlarmCom from $58.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Zacks Investment Research downgraded shares of AlarmCom from a “hold” rating to a “sell” rating in a research note on Tuesday, July 14th. Finally, Maxim Group restated a “buy” rating and issued a $79.00 target price on shares of AlarmCom in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $63.25.
AlarmCom Company Profile
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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