Eagle Asset Management Inc. trimmed its holdings in shares of AlarmCom Hldg Inc (NASDAQ:ALRM) by 0.1% in the first quarter, Holdings Channel reports. The institutional investor owned 741,228 shares of the software maker’s stock after selling 740 shares during the quarter. Eagle Asset Management Inc.’s holdings in AlarmCom were worth $48,105,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of ALRM. Oregon Public Employees Retirement Fund bought a new stake in shares of AlarmCom during the fourth quarter worth approximately $30,000. Winslow Evans & Crocker Inc. bought a new stake in AlarmCom in the fourth quarter valued at approximately $130,000. We Are One Seven LLC bought a new stake in AlarmCom in the fourth quarter valued at approximately $167,000. Oppenheimer & Co. Inc. bought a new stake in AlarmCom in the first quarter valued at approximately $233,000. Finally, Nwam LLC increased its stake in AlarmCom by 27.8% in the fourth quarter. Nwam LLC now owns 4,600 shares of the software maker’s stock valued at $239,000 after purchasing an additional 1,000 shares in the last quarter. 97.16% of the stock is owned by institutional investors and hedge funds.
Shares of ALRM stock opened at $71.14 on Tuesday. AlarmCom Hldg Inc has a 12-month low of $36.28 and a 12-month high of $71.50. The firm has a market cap of $3.43 billion, a PE ratio of 63.96, a P/E/G ratio of 3.70 and a beta of 1.46.
In other news, CTO Jean-Paul Martin sold 603 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $64.63, for a total transaction of $38,971.89. Following the completion of the sale, the chief technology officer now owns 148,004 shares of the company’s stock, valued at $9,565,498.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel Kerzner sold 758 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $64.63, for a total transaction of $48,989.54. Following the sale, the insider now directly owns 39,133 shares of the company’s stock, valued at approximately $2,529,165.79. The disclosure for this sale can be found here. Insiders have sold 42,489 shares of company stock valued at $2,811,169 in the last three months. 37.10% of the stock is owned by insiders.
ALRM has been the subject of several recent analyst reports. BidaskClub downgraded shares of AlarmCom from a “buy” rating to a “hold” rating in a research note on Thursday, February 28th. Northland Securities reaffirmed a “buy” rating and issued a $73.00 target price on shares of AlarmCom in a research note on Wednesday, April 10th. Zacks Investment Research downgraded shares of AlarmCom from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 6th. ValuEngine downgraded shares of AlarmCom from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 5th. Finally, Maxim Group reaffirmed a “buy” rating and issued a $74.00 target price (up previously from $69.00) on shares of AlarmCom in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. AlarmCom presently has an average rating of “Buy” and a consensus target price of $61.64.
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.
Further Reading: Understanding Specialty Certificates of Deposit
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