Penserra Capital Management LLC bought a new position in AlarmCom Hldg Inc (NASDAQ:ALRM) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 340,993 shares of the software maker’s stock, valued at approximately $19,572,000. AlarmCom accounts for about 1.2% of Penserra Capital Management LLC’s investment portfolio, making the stock its 26th biggest holding.
A number of other institutional investors also recently made changes to their positions in ALRM. BlackRock Inc. raised its holdings in AlarmCom by 25.5% in the 2nd quarter. BlackRock Inc. now owns 3,737,921 shares of the software maker’s stock worth $150,936,000 after purchasing an additional 758,513 shares during the period. Eagle Asset Management Inc. bought a new position in AlarmCom in the 2nd quarter worth $29,999,000. Carillon Tower Advisers Inc. bought a new position in AlarmCom in the 2nd quarter worth $26,184,000. Riverbridge Partners LLC raised its holdings in AlarmCom by 26.3% in the 3rd quarter. Riverbridge Partners LLC now owns 1,517,237 shares of the software maker’s stock worth $87,089,000 after purchasing an additional 315,895 shares during the period. Finally, Dimensional Fund Advisors LP bought a new position in AlarmCom in the 2nd quarter worth $12,503,000. 96.99% of the stock is currently owned by institutional investors.
In other news, insider Jean-Paul Martin sold 10,000 shares of AlarmCom stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $56.68, for a total value of $566,800.00. Following the sale, the insider now directly owns 148,004 shares of the company’s stock, valued at $8,388,866.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hugh Panero sold 1,115 shares of AlarmCom stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $56.75, for a total value of $63,276.25. Following the completion of the sale, the director now directly owns 4,835 shares in the company, valued at $274,386.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 314,245 shares of company stock worth $17,501,856. Insiders own 37.10% of the company’s stock.
AlarmCom (NASDAQ:ALRM) last posted its quarterly earnings results on Wednesday, November 7th. The software maker reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.11. The business had revenue of $111.85 million for the quarter, compared to analysts’ expectations of $96.76 million. AlarmCom had a negative return on equity of 64.90% and a net margin of 9.75%. The business’s quarterly revenue was up 24.3% on a year-over-year basis. During the same period last year, the firm earned $0.27 earnings per share. On average, equities research analysts predict that AlarmCom Hldg Inc will post 1.01 EPS for the current year.
A number of brokerages recently commented on ALRM. Stifel Nicolaus raised their target price on AlarmCom from $38.00 to $45.00 and gave the stock a “hold” rating in a report on Wednesday, August 8th. Jefferies Financial Group raised their target price on AlarmCom to $60.00 and gave the stock a “buy” rating in a report on Thursday. ValuEngine raised AlarmCom from a “hold” rating to a “buy” rating in a report on Friday, November 2nd. Roth Capital raised their target price on AlarmCom from $51.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, August 8th. Finally, Zacks Investment Research cut AlarmCom from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $54.17.
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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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