AlarmCom Hldg Inc (NASDAQ:ALRM) Director Hugh Panero Sells 1,115 Shares

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AlarmCom Hldg Inc (NASDAQ:ALRM) Director Hugh Panero sold 1,115 shares of the stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $56.75, for a total value of $63,276.25. Following the transaction, the director now owns 4,835 shares of the company’s stock, valued at $274,386.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

ALRM traded down $0.02 during trading hours on Friday, hitting $44.30. 1,036,030 shares of the stock were exchanged, compared to its average volume of 499,670. AlarmCom Hldg Inc has a 12 month low of $33.39 and a 12 month high of $60.20. The stock has a market capitalization of $2.74 billion, a PE ratio of 58.29, a price-to-earnings-growth ratio of 3.35 and a beta of 1.33. The company has a debt-to-equity ratio of -1.08, a current ratio of 4.25 and a quick ratio of 3.93.

AlarmCom (NASDAQ:ALRM) last announced its quarterly earnings data on Tuesday, August 7th. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.12. AlarmCom had a negative return on equity of 64.90% and a net margin of 9.75%. The firm had revenue of $104.49 million for the quarter, compared to analysts’ expectations of $94.72 million. As a group, research analysts anticipate that AlarmCom Hldg Inc will post 1.01 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in ALRM. BlackRock Inc. increased its position in AlarmCom by 25.5% in the second quarter. BlackRock Inc. now owns 3,737,921 shares of the software maker’s stock worth $150,936,000 after buying an additional 758,513 shares during the period. Riverbridge Partners LLC increased its position in AlarmCom by 26.3% in the third quarter. Riverbridge Partners LLC now owns 1,517,237 shares of the software maker’s stock worth $87,089,000 after buying an additional 315,895 shares during the period. Brown Advisory Inc. increased its position in AlarmCom by 21.6% in the second quarter. Brown Advisory Inc. now owns 1,066,141 shares of the software maker’s stock worth $43,050,000 after buying an additional 189,032 shares during the period. Janus Henderson Group PLC increased its position in AlarmCom by 21.7% in the second quarter. Janus Henderson Group PLC now owns 830,856 shares of the software maker’s stock worth $33,550,000 after buying an additional 148,416 shares during the period. Finally, Standard Life Aberdeen plc increased its position in AlarmCom by 40.9% in the second quarter. Standard Life Aberdeen plc now owns 774,408 shares of the software maker’s stock worth $31,282,000 after buying an additional 224,866 shares during the period. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Several equities analysts have recently commented on the company. Bank of America upgraded AlarmCom to a “buy” rating and increased their target price for the company from $55.00 to $65.00 in a research note on Friday, September 14th. Imperial Capital reiterated an “in-line” rating and set a $60.00 target price (up from $45.00) on shares of AlarmCom in a research note on Thursday, August 23rd. Credit Suisse Group reiterated an “outperform” rating on shares of AlarmCom in a research note on Friday, August 17th. Maxim Group increased their target price on AlarmCom from $59.00 to $69.00 and gave the company a “buy” rating in a research note on Tuesday, September 18th. Finally, Zacks Investment Research upgraded AlarmCom from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $53.75.

About AlarmCom

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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Insider Buying and Selling by Quarter for AlarmCom (NASDAQ:ALRM)

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