PNC Financial Services Group Inc. raised its position in AlarmCom Hldg Inc (NASDAQ:ALRM) by 32.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,508 shares of the software maker’s stock after acquiring an additional 16,180 shares during the period. PNC Financial Services Group Inc. owned approximately 0.14% of AlarmCom worth $2,644,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently made changes to their positions in ALRM. BlackRock Inc. boosted its stake in AlarmCom by 25.5% in the second quarter. BlackRock Inc. now owns 3,737,921 shares of the software maker’s stock valued at $150,936,000 after acquiring an additional 758,513 shares in the last quarter. Bares Capital Management Inc. boosted its stake in AlarmCom by 28.0% in the first quarter. Bares Capital Management Inc. now owns 3,416,891 shares of the software maker’s stock valued at $128,953,000 after acquiring an additional 747,152 shares in the last quarter. Eagle Asset Management Inc. acquired a new stake in AlarmCom in the second quarter valued at approximately $29,999,000. Carillon Tower Advisers Inc. acquired a new stake in AlarmCom in the second quarter valued at approximately $26,184,000. Finally, Dimensional Fund Advisors LP acquired a new stake in AlarmCom in the second quarter valued at approximately $12,503,000. Institutional investors own 96.04% of the company’s stock.
NASDAQ:ALRM opened at $56.46 on Friday. AlarmCom Hldg Inc has a 12 month low of $33.39 and a 12 month high of $59.05. The company has a debt-to-equity ratio of -1.08, a current ratio of 4.25 and a quick ratio of 3.93. The firm has a market cap of $2.74 billion, a PE ratio of 74.29, a P/E/G ratio of 3.35 and a beta of 1.33.
In other news, insider Crossover Managemen Technology sold 172,032 shares of AlarmCom stock in a transaction on Friday, September 7th. The shares were sold at an average price of $55.23, for a total transaction of $9,501,327.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen Trundle sold 22,193 shares of AlarmCom stock in a transaction on Monday, June 18th. The stock was sold at an average price of $45.52, for a total transaction of $1,010,225.36. Following the sale, the insider now owns 204,691 shares of the company’s stock, valued at $9,317,534.32. The disclosure for this sale can be found here. Insiders have sold 344,923 shares of company stock valued at $18,922,805 over the last quarter. Insiders own 37.10% of the company’s stock.
Several equities research analysts have weighed in on the stock. ValuEngine downgraded shares of AlarmCom from a “buy” rating to a “hold” rating in a research note on Thursday, June 21st. BidaskClub upgraded shares of AlarmCom from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 30th. Stifel Nicolaus raised their target price on shares of AlarmCom from $38.00 to $45.00 and gave the company a “hold” rating in a research note on Wednesday, August 8th. Goldman Sachs Group downgraded shares of AlarmCom from a “neutral” rating to a “sell” rating in a research note on Wednesday, June 27th. Finally, Roth Capital raised their target price on shares of AlarmCom from $51.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, August 8th. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. AlarmCom presently has a consensus rating of “Buy” and a consensus target price of $52.92.
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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