AlarmCom (ALRM) Shares Down 5%
AlarmCom Hldg Inc (NASDAQ:ALRM)’s share price traded down 5% during trading on Friday . The stock traded as low as $36.83 and last traded at $37.15. 1,109,932 shares traded hands during trading, an increase of 187% from the average session volume of 387,052 shares. The stock had previously closed at $39.11.
Several equities analysts have commented on the stock. Northland Securities reissued a “buy” rating and set a $51.00 target price on shares of AlarmCom in a research note on Friday, October 13th. Bank of America raised their target price on shares of AlarmCom from $46.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. Zacks Investment Research cut shares of AlarmCom from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Jefferies Group assumed coverage on shares of AlarmCom in a research note on Friday, October 6th. They issued a “hold” rating and a $43.00 price objective on the stock. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $52.00 price objective (up previously from $46.00) on shares of AlarmCom in a research note on Thursday, November 9th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. AlarmCom has a consensus rating of “Buy” and an average target price of $46.90.
The company has a quick ratio of 2.88, a current ratio of 3.16 and a debt-to-equity ratio of -0.81. The stock has a market cap of $1,843.66, a price-to-earnings ratio of 57.15, a P/E/G ratio of 3.36 and a beta of 1.27.
AlarmCom (NASDAQ:ALRM) last posted its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.27 EPS for the quarter, topping the consensus estimate of $0.20 by $0.07. The business had revenue of $90.00 million during the quarter, compared to analysts’ expectations of $83.04 million. AlarmCom had a net margin of 9.97% and a negative return on equity of 42.00%. The firm’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same period last year, the company posted $0.19 earnings per share. analysts predict that AlarmCom Hldg Inc will post 0.82 earnings per share for the current fiscal year.
In related news, insider Vii Lp Tcv sold 121,885 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $42.40, for a total transaction of $5,167,924.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider David Hutz sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $43.87, for a total transaction of $153,545.00. Following the transaction, the insider now directly owns 87,022 shares in the company, valued at approximately $3,817,655.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 290,178 shares of company stock valued at $12,431,802. 78.50% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. raised its position in AlarmCom by 42.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 60,664 shares of the software maker’s stock valued at $2,283,000 after acquiring an additional 18,204 shares in the last quarter. Pier Capital LLC bought a new position in AlarmCom during the second quarter valued at approximately $5,916,000. Pictet Asset Management Ltd. bought a new position in AlarmCom during the third quarter valued at approximately $19,427,000. Oak Ridge Investments LLC bought a new position in AlarmCom during the second quarter valued at approximately $19,059,000. Finally, Alliancebernstein L.P. raised its position in AlarmCom by 107.2% during the second quarter. Alliancebernstein L.P. now owns 28,600 shares of the software maker’s stock valued at $1,076,000 after acquiring an additional 14,800 shares in the last quarter. 83.16% of the stock is currently owned by hedge funds and other institutional investors.
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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