Fmr LLC Sells 172,900 Shares of AlarmCom Hldg Inc (ALRM)
Fmr LLC lowered its stake in shares of AlarmCom Hldg Inc (NASDAQ:ALRM) by 86.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,700 shares of the software maker’s stock after selling 172,900 shares during the period. Fmr LLC owned 0.06% of AlarmCom Hldg worth $771,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. Emerald Mutual Fund Advisers Trust raised its position in AlarmCom Hldg by 2.5% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 513,366 shares of the software maker’s stock valued at $14,816,000 after buying an additional 12,650 shares in the last quarter. State Street Corp raised its position in AlarmCom Hldg by 3.5% in the fourth quarter. State Street Corp now owns 164,475 shares of the software maker’s stock valued at $4,574,000 after buying an additional 5,597 shares in the last quarter. JPMorgan Chase & Co. raised its position in AlarmCom Hldg by 289,279.3% in the third quarter. JPMorgan Chase & Co. now owns 83,920 shares of the software maker’s stock valued at $2,422,000 after buying an additional 83,891 shares in the last quarter. Wells Fargo & Company MN raised its position in AlarmCom Hldg by 346.2% in the third quarter. Wells Fargo & Company MN now owns 62,710 shares of the software maker’s stock valued at $1,810,000 after buying an additional 48,657 shares in the last quarter. Finally, Analytic Investors LLC acquired a new position in AlarmCom Hldg during the third quarter valued at approximately $1,403,000. 63.00% of the stock is currently owned by institutional investors.
Shares of AlarmCom Hldg Inc (NASDAQ:ALRM) opened at 31.83 on Friday. The stock has a market cap of $1.47 billion, a PE ratio of 151.57 and a beta of 1.64. AlarmCom Hldg Inc has a 12 month low of $19.91 and a 12 month high of $34.43. The firm’s 50-day moving average is $30.81 and its 200 day moving average is $29.22.
AlarmCom Hldg (NASDAQ:ALRM) last released its quarterly earnings data on Wednesday, March 15th. The software maker reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.06. AlarmCom Hldg had a net margin of 4.21% and a negative return on equity of 20.70%. The company earned $69.79 million during the quarter, compared to analyst estimates of $63.95 million. During the same period in the prior year, the firm earned $0.14 earnings per share. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. On average, equities analysts predict that AlarmCom Hldg Inc will post $0.74 EPS for the current year.
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ALRM has been the topic of several recent research reports. Maxim Group reaffirmed a “buy” rating and set a $42.00 target price (up previously from $37.00) on shares of AlarmCom Hldg in a report on Thursday, March 16th. Goldman Sachs Group Inc started coverage on shares of AlarmCom Hldg in a research report on Tuesday, January 31st. They set a “neutral” rating and a $31.00 price target for the company. Roth Capital set a $40.00 price target on shares of AlarmCom Hldg and gave the company a “buy” rating in a research report on Saturday, March 18th. Stifel Nicolaus reissued a “hold” rating and set a $29.00 price target (up previously from $27.00) on shares of AlarmCom Hldg in a research report on Thursday, March 16th. Finally, Imperial Capital raised shares of AlarmCom Hldg from an “in-line” rating to an “outperform” rating and increased their price target for the company from $30.00 to $35.00 in a research report on Friday, March 17th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $34.10.
In related news, insider Jean-Paul Martin sold 40,000 shares of the company’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $27.42, for a total value of $1,096,800.00. Following the completion of the sale, the insider now directly owns 162,904 shares of the company’s stock, valued at $4,466,827.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel Kerzner sold 36,000 shares of the company’s stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $27.54, for a total transaction of $991,440.00. Following the completion of the sale, the insider now directly owns 37,341 shares of the company’s stock, valued at $1,028,371.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 149,998 shares of company stock valued at $4,298,345. 78.50% of the stock is owned by insiders.
About AlarmCom Hldg
Alarm.com Holdings, Inc is a platform solution for the connected home. The Company, through its cloud-based services, makes connected home technology accessible to millions of home and business owners. The Company operates through two segments: Alarm.com and Other. The Company’s Alarm.com segment represents its cloud-based platform for the connected home and related connected home solutions.
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