Eagle Asset Management Inc. trimmed its stake in AlarmCom Hldg Inc (NASDAQ:ALRM) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 738,428 shares of the software maker’s stock after selling 4,504 shares during the period. Eagle Asset Management Inc. owned approximately 1.55% of AlarmCom worth $42,385,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Polen Capital Management LLC grew its position in shares of AlarmCom by 12.1% in the 2nd quarter. Polen Capital Management LLC now owns 9,546 shares of the software maker’s stock valued at $385,000 after buying an additional 1,031 shares during the last quarter. American Capital Management Inc. grew its position in AlarmCom by 0.7% during the 3rd quarter. American Capital Management Inc. now owns 164,035 shares of the software maker’s stock worth $9,416,000 after purchasing an additional 1,205 shares during the last quarter. Engineers Gate Manager LP grew its position in AlarmCom by 13.1% during the 2nd quarter. Engineers Gate Manager LP now owns 15,300 shares of the software maker’s stock worth $618,000 after purchasing an additional 1,770 shares during the last quarter. Great West Life Assurance Co. Can grew its position in AlarmCom by 5.8% during the 2nd quarter. Great West Life Assurance Co. Can now owns 33,526 shares of the software maker’s stock worth $1,354,000 after purchasing an additional 1,826 shares during the last quarter. Finally, Sei Investments Co. grew its position in AlarmCom by 28.9% during the 2nd quarter. Sei Investments Co. now owns 8,517 shares of the software maker’s stock worth $344,000 after purchasing an additional 1,909 shares during the last quarter. 98.64% of the stock is currently owned by hedge funds and other institutional investors.
ALRM has been the topic of several research reports. ValuEngine raised shares of AlarmCom from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Roth Capital raised their price objective on shares of AlarmCom from $51.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Jefferies Financial Group raised their price objective on shares of AlarmCom to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Zacks Investment Research raised shares of AlarmCom from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research report on Monday, August 13th. Finally, BidaskClub downgraded shares of AlarmCom from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $55.18.
AlarmCom (NASDAQ:ALRM) last issued its earnings results on Wednesday, November 7th. The software maker reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.11. The business had revenue of $111.85 million for the quarter, compared to the consensus estimate of $96.76 million. AlarmCom had a net margin of 3.50% and a negative return on equity of 73.39%. The business’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 earnings per share. As a group, sell-side analysts expect that AlarmCom Hldg Inc will post 1.06 EPS for the current year.
In other news, Director Hugh Panero sold 1,115 shares of AlarmCom stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $56.75, for a total value of $63,276.25. Following the sale, the director now owns 4,835 shares of the company’s stock, valued at $274,386.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Crossover Managemen Technology sold 172,032 shares of AlarmCom stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $55.23, for a total transaction of $9,501,327.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 395,245 shares of company stock worth $21,304,426. Insiders own 37.10% of the company’s stock.
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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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