Metropolitan Life Insurance Co. NY lifted its holdings in shares of AlarmCom Hldg Inc (NASDAQ:ALRM) by 46.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,088 shares of the software makerâ€™s stock after acquiring an additional 3,189 shares during the quarter. Metropolitan Life Insurance Co. NYâ€™s holdings in AlarmCom were worth $407,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Shaker Investments LLC OH bought a new position in shares of AlarmCom during the second quarter valued at approximately $971,000. Legal & General Group Plc raised its holdings in AlarmCom by 4.6% in the first quarter. Legal & General Group Plc now owns 50,964 shares of the software makerâ€™s stock worth $1,906,000 after purchasing an additional 2,242 shares in the last quarter. Teacher Retirement System of Texas bought a new position in AlarmCom in the second quarter worth $251,000. Brown Advisory Inc. raised its holdings in AlarmCom by 21.6% in the second quarter. Brown Advisory Inc. now owns 1,066,141 shares of the software makerâ€™s stock worth $43,050,000 after purchasing an additional 189,032 shares in the last quarter. Finally, Creative Planning bought a new position in AlarmCom in the second quarter worth $233,000. Institutional investors own 96.01% of the companyâ€™s stock.
In other news, Director Hugh Panero sold 1,115 shares of the stock in a transaction on Friday, September 14th. The stock was sold at an average price of $56.75, for a total value of $63,276.25. Following the sale, the director now directly owns 4,835 shares of the companyâ€™s stock, valued at $274,386.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jean-Paul Martin sold 10,000 shares of the stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $56.68, for a total value of $566,800.00. Following the completion of the sale, the insider now directly owns 148,004 shares in the company, valued at $8,388,866.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 324,245 shares of company stock worth $17,998,456. Insiders own 37.10% of the companyâ€™s stock.A number of research firms have issued reports on ALRM. Maxim Group increased their price objective on AlarmCom from $59.00 to $69.00 and gave the stock a â€śbuyâ€ť rating in a report on Tuesday, September 18th. Bank of America upgraded AlarmCom to a â€śbuyâ€ť rating and increased their price objective for the stock from $55.00 to $65.00 in a report on Friday, September 14th. Imperial Capital reiterated an â€śin-lineâ€ť rating and issued a $60.00 price objective (up previously from $45.00) on shares of AlarmCom in a report on Thursday, August 23rd. Credit Suisse Group reiterated an â€śoutperformâ€ť rating on shares of AlarmCom in a report on Friday, August 17th. Finally, Zacks Investment Research upgraded AlarmCom from a â€śholdâ€ť rating to a â€śbuyâ€ť rating and set a $56.00 price objective for the company in a report on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the companyâ€™s stock. AlarmCom currently has a consensus rating of â€śBuyâ€ť and a consensus price target of $53.75.
NASDAQ ALRM opened at $57.22 on Friday. AlarmCom Hldg Inc has a 12 month low of $33.39 and a 12 month high of $59.05. The firm has a market capitalization of $2.71 billion, a PE ratio of 55.15, a P/E/G ratio of 3.31 and a beta of 1.33. The company has a debt-to-equity ratio of -1.08, a quick ratio of 3.93 and a current ratio of 4.25.
AlarmCom (NASDAQ:ALRM) last released its earnings results on Tuesday, August 7th. The software maker reported $0.34 EPS for the quarter, topping analystsâ€™ consensus estimates of $0.22 by $0.12. AlarmCom had a negative return on equity of 64.90% and a net margin of 9.75%. The firm had revenue of $104.49 million for the quarter, compared to analystsâ€™ expectations of $94.72 million. equities analysts anticipate that AlarmCom Hldg Inc will post 1.01 earnings per share for the current year.
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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