AlarmCom Sees Unusually High Options Volume (ALRM)

AlarmCom Hldg Inc (NASDAQ:ALRM) was the target of unusually large options trading on Thursday. Traders purchased 1,856 call options on the stock. This represents an increase of 1,245% compared to the typical daily volume of 138 call options.

In other news, Director Hugh Panero sold 16,114 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $37.26, for a total value of $600,407.64. Following the transaction, the director now directly owns 58,615 shares in the company, valued at approximately $2,183,994.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Daniel Ramos sold 4,800 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $47.15, for a total value of $226,320.00. Following the completion of the transaction, the vice president now owns 82,327 shares in the company, valued at $3,881,718.05. The disclosure for this sale can be found here. Insiders sold a total of 283,178 shares of company stock worth $12,111,202 over the last 90 days. 78.50% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of ALRM. Schwab Charles Investment Management Inc. raised its stake in AlarmCom by 42.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 60,664 shares of the software maker’s stock worth $2,283,000 after buying an additional 18,204 shares during the period. Rhumbline Advisers raised its stake in AlarmCom by 102.6% during the 2nd quarter. Rhumbline Advisers now owns 23,134 shares of the software maker’s stock worth $871,000 after buying an additional 11,716 shares during the period. Bank of New York Mellon Corp raised its stake in AlarmCom by 38.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 364,064 shares of the software maker’s stock worth $13,700,000 after buying an additional 100,698 shares during the period. Legal & General Group Plc raised its stake in AlarmCom by 57.4% during the 2nd quarter. Legal & General Group Plc now owns 4,586 shares of the software maker’s stock worth $172,000 after buying an additional 1,673 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in AlarmCom by 95.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the software maker’s stock worth $156,000 after buying an additional 2,033 shares during the period. 83.16% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on ALRM shares. Jefferies Group started coverage on AlarmCom in a research report on Friday, October 6th. They issued a “hold” rating and a $43.00 price target on the stock. Zacks Investment Research lowered AlarmCom from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Northland Securities restated a “buy” rating and issued a $51.00 price target on shares of AlarmCom in a research report on Friday, October 13th. Bank of America raised their price target on AlarmCom from $46.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $38.00 price target (up from $34.00) on shares of AlarmCom in a research report on Thursday, November 9th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. AlarmCom currently has an average rating of “Buy” and a consensus target price of $46.90.

Shares of AlarmCom (NASDAQ:ALRM) opened at $38.73 on Friday. The company has a market capitalization of $1,858.75, a price-to-earnings ratio of 59.59, a P/E/G ratio of 3.33 and a beta of 1.26. AlarmCom has a 12 month low of $26.84 and a 12 month high of $49.49. The company has a debt-to-equity ratio of -0.81, a quick ratio of 2.88 and a current ratio of 3.16.

AlarmCom (NASDAQ:ALRM) last issued its quarterly earnings data on Wednesday, November 8th. The software maker reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.07. The business had revenue of $90.00 million for the quarter, compared to the consensus estimate of $83.04 million. AlarmCom had a negative return on equity of 42.00% and a net margin of 9.97%. The firm’s revenue was up 32.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.19 EPS. analysts expect that AlarmCom will post 0.82 earnings per share for the current fiscal year.

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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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