EAM Investors LLC purchased a new position in shares of AlarmCom Hldg Inc (NASDAQ:ALRM) during the first quarter, Holdings Channel reports. The institutional investor purchased 86,455 shares of the software maker’s stock, valued at approximately $2,658,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. A.R.T. Advisors LLC purchased a new stake in AlarmCom Hldg during the fourth quarter valued at $225,000. Renaissance Technologies LLC boosted its stake in AlarmCom Hldg by 73.4% in the fourth quarter. Renaissance Technologies LLC now owns 293,800 shares of the software maker’s stock valued at $8,176,000 after buying an additional 124,400 shares during the last quarter. Allianz Asset Management AG boosted its stake in AlarmCom Hldg by 132.9% in the fourth quarter. Allianz Asset Management AG now owns 135,106 shares of the software maker’s stock valued at $3,760,000 after buying an additional 77,098 shares during the last quarter. Credit Agricole S A boosted its stake in AlarmCom Hldg by 299.0% in the fourth quarter. Credit Agricole S A now owns 55,860 shares of the software maker’s stock valued at $1,555,000 after buying an additional 41,860 shares during the last quarter. Finally, PEAK6 Investments L.P. purchased a new stake in AlarmCom Hldg during the fourth quarter valued at $290,000. Institutional investors own 63.00% of the company’s stock.
Shares of AlarmCom Hldg Inc (NASDAQ:ALRM) opened at 32.24 on Thursday. AlarmCom Hldg Inc has a 12 month low of $20.44 and a 12 month high of $34.43. The company has a market capitalization of $1.49 billion, a PE ratio of 140.17 and a beta of 1.64. The stock has a 50 day moving average price of $32.02 and a 200-day moving average price of $29.78.
AlarmCom Hldg (NASDAQ:ALRM) last released its quarterly earnings data on Tuesday, May 9th. The software maker reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.08. AlarmCom Hldg had a net margin of 4.21% and a negative return on equity of 20.70%. The firm had revenue of $74.20 million for the quarter, compared to the consensus estimate of $69.70 million. During the same period last year, the firm earned $0.12 earnings per share. The company’s quarterly revenue was up 25.8% on a year-over-year basis. Analysts forecast that AlarmCom Hldg Inc will post $0.75 EPS for the current year.
COPYRIGHT VIOLATION WARNING: “86,455 Shares in AlarmCom Hldg Inc (ALRM) Acquired by EAM Investors LLC” was originally reported by sleekmoney and is the property of of sleekmoney. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://sleekmoney.com/86455-shares-in-alarmcom-hldg-inc-alrm-acquired-by-eam-investors-llc/1851559.html.
Several analysts have weighed in on ALRM shares. Maxim Group reaffirmed a “buy” rating and set a $42.00 price objective on shares of AlarmCom Hldg in a research report on Friday, March 31st. Zacks Investment Research raised AlarmCom Hldg from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Monday, March 20th. Roth Capital set a $40.00 price objective on AlarmCom Hldg and gave the company a “buy” rating in a research report on Saturday, March 18th. Bank of America Corp lifted their price objective on AlarmCom Hldg from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, March 16th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $29.00 price objective (up from $27.00) on shares of AlarmCom Hldg in a research report on Thursday, March 16th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $34.20.
In other news, insider Jean-Paul Martin sold 30,000 shares of the stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $29.10, for a total transaction of $873,000.00. Following the transaction, the insider now directly owns 152,904 shares in the company, valued at $4,449,506.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David Hutz sold 3,500 shares of the stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of $33.09, for a total transaction of $115,815.00. Following the transaction, the insider now owns 145,522 shares in the company, valued at $4,815,322.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 111,000 shares of company stock worth $3,423,495. Insiders own 78.50% of the company’s stock.
About AlarmCom Hldg
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.
Want to see what other hedge funds are holding ALRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AlarmCom Hldg Inc (NASDAQ:ALRM).
This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/86455-shares-in-alarmcom-hldg-inc-alrm-acquired-by-eam-investors-llc/1851559.html
Receive News & Ratings for AlarmCom Hldg Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AlarmCom Hldg Inc and related companies with MarketBeat.com's FREE daily email newsletter.