AlarmCom Hldg Inc (NASDAQ:ALRM) Posts Earnings Results, Beats Expectations By $0.14 EPS
AlarmCom Hldg Inc (NASDAQ:ALRM) released its earnings results on Tuesday, August 8th. The software maker reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.14, Morningstar.com reports. The company had revenue of $86 million for the quarter, compared to analysts’ expectations of $81.05 million. AlarmCom Hldg had a return on equity of 19.31% and a net margin of 11.47%. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 EPS. AlarmCom Hldg updated its FY17 guidance to $0.96-0.98 EPS.
Shares of AlarmCom Hldg (NASDAQ:ALRM) traded up 1.16% during trading on Friday, hitting $42.68. The company had a trading volume of 384,321 shares. AlarmCom Hldg has a 52 week low of $24.52 and a 52 week high of $42.84. The company has a market capitalization of $1.99 billion, a P/E ratio of 109.16 and a beta of 1.52. The stock’s 50-day moving average price is $38.61 and its 200 day moving average price is $33.53.
In other AlarmCom Hldg news, insider Jean-Paul Martin sold 20,000 shares of AlarmCom Hldg stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $34.92, for a total value of $698,400.00. Following the sale, the insider now owns 150,404 shares of the company’s stock, valued at approximately $5,252,107.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Hutz sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $40.48, for a total value of $1,214,400.00. Following the sale, the insider now directly owns 94,022 shares in the company, valued at approximately $3,806,010.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 220,777 shares of company stock worth $8,088,734. Corporate insiders own 78.50% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Victory Capital Management Inc. increased its position in shares of AlarmCom Hldg by 40.8% in the first quarter. Victory Capital Management Inc. now owns 3,583 shares of the software maker’s stock valued at $110,000 after buying an additional 1,039 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of AlarmCom Hldg by 95.8% in the second quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the software maker’s stock valued at $156,000 after buying an additional 2,033 shares in the last quarter. Legal & General Group Plc increased its position in shares of AlarmCom Hldg by 57.4% in the second quarter. Legal & General Group Plc now owns 4,586 shares of the software maker’s stock valued at $172,000 after buying an additional 1,673 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of AlarmCom Hldg during the first quarter valued at about $178,000. Finally, American International Group Inc. increased its position in shares of AlarmCom Hldg by 7.1% in the first quarter. American International Group Inc. now owns 6,353 shares of the software maker’s stock valued at $195,000 after buying an additional 422 shares in the last quarter. 78.52% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently commented on ALRM shares. Northland Securities set a $41.00 price objective on AlarmCom Hldg and gave the stock a “buy” rating in a report on Wednesday, July 19th. Imperial Capital reaffirmed an “outperform” rating and issued a $36.00 target price (up previously from $35.00) on shares of AlarmCom Hldg in a research note on Thursday, May 11th. Zacks Investment Research lowered AlarmCom Hldg from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. BidaskClub downgraded AlarmCom Hldg from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Finally, Maxim Group boosted their price objective on AlarmCom Hldg from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, July 26th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $43.11.
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About AlarmCom Hldg
Alarm.com Holdings, Inc is a platform solution for the connected property. The Company offers a suite of cloud-based solutions for the smart home and business, including interactive security, video monitoring, intelligent automation and energy management. The Company operates through two segments: Alarm.com and Other.
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