Engineers Gate Manager LP boosted its holdings in shares of AlarmCom Hldg Inc (NASDAQ:ALRM) by 29.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,783 shares of the software maker’s stock after purchasing an additional 4,483 shares during the period. Engineers Gate Manager LP’s holdings in AlarmCom were worth $1,136,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in ALRM. BlackRock Inc. increased its holdings in AlarmCom by 25.5% during the 2nd quarter. BlackRock Inc. now owns 3,737,921 shares of the software maker’s stock valued at $150,936,000 after purchasing an additional 758,513 shares during the period. Eagle Asset Management Inc. purchased a new position in AlarmCom during the 2nd quarter valued at about $29,999,000. Carillon Tower Advisers Inc. purchased a new position in AlarmCom during the 2nd quarter valued at about $26,184,000. Riverbridge Partners LLC increased its holdings in AlarmCom by 26.3% during the 3rd quarter. Riverbridge Partners LLC now owns 1,517,237 shares of the software maker’s stock valued at $87,089,000 after purchasing an additional 315,895 shares during the period. Finally, Dimensional Fund Advisors LP purchased a new position in AlarmCom during the 2nd quarter valued at about $12,503,000. Institutional investors own 96.99% of the company’s stock.
ALRM stock opened at $47.27 on Friday. AlarmCom Hldg Inc has a fifty-two week low of $33.39 and a fifty-two week high of $60.20. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 62.20, a PEG ratio of 2.67 and a beta of 1.67.
AlarmCom (NASDAQ:ALRM) last posted its earnings results on Wednesday, November 7th. The software maker reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.11. AlarmCom had a negative return on equity of 64.90% and a net margin of 9.75%. The firm had revenue of $111.85 million for the quarter, compared to the consensus estimate of $96.76 million. During the same quarter in the prior year, the business earned $0.27 EPS. The business’s revenue for the quarter was up 24.3% on a year-over-year basis. As a group, sell-side analysts expect that AlarmCom Hldg Inc will post 1.01 earnings per share for the current fiscal year.
In other news, Director Hugh Panero sold 1,115 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $56.75, for a total value of $63,276.25. Following the sale, the director now directly owns 4,835 shares of the company’s stock, valued at approximately $274,386.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Crossover Managemen Technology sold 172,032 shares of the business’s stock in a transaction that occurred on 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. Insiders have sold a total of 334,245 shares of company stock worth $18,458,406 in the last quarter. Company insiders own 37.10% of the company’s stock.
A number of research analysts recently issued reports on the company. Raymond James boosted their price target on AlarmCom from $55.00 to $58.00 and gave the company a “buy” rating in a report on Thursday. Stifel Nicolaus boosted their price target on AlarmCom from $38.00 to $45.00 and gave the company a “hold” rating in a report on Wednesday, August 8th. ValuEngine upgraded AlarmCom from a “hold” rating to a “buy” rating in a report on Friday, November 2nd. Jefferies Financial Group boosted their price target on AlarmCom to $60.00 and gave the company a “buy” rating in a report on Thursday. Finally, Roth Capital boosted their price target on AlarmCom from $51.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. AlarmCom has a consensus rating of “Buy” and an average target price of $55.00.
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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