BlackRock Inc. increased its stake in AlarmCom Hldg Inc (NASDAQ:ALRM) by 2.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,886,004 shares of the software maker’s stock after buying an additional 112,122 shares during the period. BlackRock Inc. owned 10.18% of AlarmCom worth $253,437,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of ALRM. Handelsinvest Investeringsforvaltning purchased a new stake in AlarmCom during the 4th quarter valued at $2,050,000. Vanguard Group Inc. boosted its stake in AlarmCom by 14.1% during the 3rd quarter. Vanguard Group Inc. now owns 3,323,794 shares of the software maker’s stock valued at $190,786,000 after purchasing an additional 410,254 shares during the last quarter. Morgan Stanley boosted its stake in shares of AlarmCom by 66.7% in the 3rd quarter. Morgan Stanley now owns 188,115 shares of the software maker’s stock worth $10,798,000 after buying an additional 75,244 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of AlarmCom in the 3rd quarter worth $292,000. Finally, Arizona State Retirement System boosted its stake in shares of AlarmCom by 6.8% in the 4th quarter. Arizona State Retirement System now owns 53,965 shares of the software maker’s stock worth $2,799,000 after buying an additional 3,457 shares during the last quarter. Institutional investors own 96.93% of the company’s stock.
In related news, CFO Steve Valenzuela sold 1,083 shares of the firm’s stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $51.11, for a total value of $55,352.13. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Stephen Trundle sold 30,000 shares of the firm’s stock in a transaction on Wednesday, January 16th. The stock was sold at an average price of $55.42, for a total value of $1,662,600.00. Following the completion of the transaction, the insider now directly owns 218,514 shares in the company, valued at $12,110,045.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,050 shares of company stock worth $2,888,429. 37.10% of the stock is owned by insiders.
A number of equities analysts have recently issued reports on ALRM shares. BidaskClub downgraded AlarmCom from a “buy” rating to a “hold” rating in a research note on Thursday, February 28th. Zacks Investment Research downgraded AlarmCom from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 6th. ValuEngine downgraded AlarmCom from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 5th. Maxim Group restated a “buy” rating and issued a $74.00 price target (up from $69.00) on shares of AlarmCom in a research note on Friday, March 1st. Finally, Raymond James raised their price target on AlarmCom from $58.00 to $70.00 and gave the stock a “strong-buy” rating in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $57.09.
ALRM stock opened at $60.99 on Friday. AlarmCom Hldg Inc has a 1 year low of $36.28 and a 1 year high of $65.85. The firm has a market capitalization of $2.94 billion, a PE ratio of 46.56, a PEG ratio of 3.15 and a beta of 1.47.
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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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