AlarmCom Hldg Inc (ALRM) Expected to Announce Quarterly Sales of $102.07 Million
Wall Street brokerages expect AlarmCom Hldg Inc (NASDAQ:ALRM) to post sales of $102.07 million for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for AlarmCom’s earnings, with estimates ranging from $100.80 million to $103.90 million. AlarmCom reported sales of $92.76 million in the same quarter last year, which indicates a positive year over year growth rate of 10%. The company is expected to issue its next earnings report on Thursday, May 2nd.
According to Zacks, analysts expect that AlarmCom will report full year sales of $446.06 million for the current year, with estimates ranging from $445.02 million to $447.60 million. For the next fiscal year, analysts forecast that the firm will report sales of $488.14 million, with estimates ranging from $467.60 million to $503.80 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover AlarmCom.
ALRM has been the topic of a number of analyst reports. BidaskClub upgraded shares of AlarmCom from a “hold” rating to a “buy” rating in a research report on Thursday, January 17th. Maxim Group reiterated a “buy” rating and issued a $74.00 price target (up previously from $69.00) on shares of AlarmCom in a report on Friday, March 1st. ValuEngine upgraded shares of AlarmCom from a “buy” rating to a “strong-buy” rating in a report on Monday, February 4th. Raymond James lifted their price target on shares of AlarmCom from $58.00 to $70.00 and gave the company a “strong-buy” rating in a report on Friday, March 1st. Finally, Zacks Investment Research upgraded shares of AlarmCom from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Wednesday, January 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. AlarmCom presently has an average rating of “Buy” and an average target price of $57.09.
In other AlarmCom news, CEO Stephen Trundle sold 18,800 shares of the business’s stock in a transaction dated Monday, January 14th. The shares were 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 of the company’s stock, valued at approximately $12,042,306.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steve Valenzuela sold 1,083 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $61.00, for a total transaction of $66,063.00. The disclosure for this sale can be found here. Insiders sold a total of 52,050 shares of company stock valued at $2,888,429 in the last three months. Insiders own 37.10% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Redmond Asset Management LLC grew its holdings in shares of AlarmCom by 1.1% in the 4th quarter. Redmond Asset Management LLC now owns 16,009 shares of the software maker’s stock worth $830,000 after purchasing an additional 180 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of AlarmCom by 0.3% during the fourth quarter. Raymond James & Associates now owns 70,971 shares of the software maker’s stock worth $3,681,000 after buying an additional 199 shares in the last quarter. Victory Capital Management Inc. raised its stake in AlarmCom by 4.0% during the fourth quarter. Victory Capital Management Inc. now owns 6,938 shares of the software maker’s stock worth $360,000 after acquiring an additional 270 shares in the last quarter. Piedmont Investment Advisors Inc. raised its stake in AlarmCom by 4.1% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 8,273 shares of the software maker’s stock worth $429,000 after acquiring an additional 324 shares in the last quarter. Finally, Comerica Bank raised its stake in AlarmCom by 1.1% during the fourth quarter. Comerica Bank now owns 33,999 shares of the software maker’s stock worth $2,131,000 after acquiring an additional 381 shares in the last quarter. Institutional investors own 97.91% of the company’s stock.
AlarmCom Company Profile
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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