Dana Investment Advisors Inc. cut its position in AlarmCom Hldg Inc (NASDAQ:ALRM) by 24.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,132 shares of the software maker’s stock after selling 11,358 shares during the quarter. Dana Investment Advisors Inc. owned about 0.07% of AlarmCom worth $1,822,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of ALRM. Oregon Public Employees Retirement Fund bought a new stake in shares of AlarmCom in the fourth quarter valued at $30,000. DekaBank Deutsche Girozentrale raised its stake in shares of AlarmCom by 202.9% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,302 shares of the software maker’s stock valued at $128,000 after buying an additional 1,542 shares during the period. Winslow Evans & Crocker Inc. bought a new stake in shares of AlarmCom in the fourth quarter valued at $130,000. We Are One Seven LLC bought a new stake in shares of AlarmCom in the fourth quarter valued at $167,000. Finally, Modera Wealth Management LLC bought a new stake in shares of AlarmCom in the third quarter valued at $210,000. Hedge funds and other institutional investors own 96.93% of the company’s stock.
In related news, CEO Stephen Trundle sold 18,800 shares of the business’s stock in a transaction dated Monday, January 14th. The stock was sold at an average price of $55.11, for a total transaction of $1,036,068.00. Following the completion of the transaction, the chief executive officer now directly owns 218,514 shares in the company, valued at $12,042,306.54. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Steve Valenzuela sold 1,083 shares of the business’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $51.11, for a total value of $55,352.13. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,050 shares of company stock valued at $2,888,429. 37.10% of the stock is owned by company insiders.
Shares of NASDAQ ALRM opened at $60.99 on Friday. The firm has a market capitalization of $2.94 billion, a PE ratio of 46.56, a P/E/G ratio of 3.15 and a beta of 1.47. AlarmCom Hldg Inc has a fifty-two week low of $36.28 and a fifty-two week high of $65.85.
Several analysts have issued reports on the company. BidaskClub upgraded AlarmCom from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research upgraded AlarmCom from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Wednesday, January 9th. Raymond James lifted their price target on AlarmCom from $58.00 to $70.00 and gave the company a “strong-buy” rating in a research report on Friday, March 1st. Maxim Group reiterated a “buy” rating and issued a $74.00 price target (up from $69.00) on shares of AlarmCom in a research report on Friday, March 1st. Finally, ValuEngine upgraded AlarmCom from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $57.09.
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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