Metropolitan Life Insurance Co. NY raised its stake in shares of AlarmCom Hldg Inc (NASDAQ:ALRM) by 46.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,088 shares of the software makerâ€™s stock after purchasing 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 and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ALRM. Shaker Investments LLC OH bought a new stake in shares of AlarmCom during the 2nd quarter valued at $971,000. Teacher Retirement System of Texas bought a new stake in shares of AlarmCom during the 2nd quarter valued at $251,000. Legal & General Group Plc raised its position in shares of AlarmCom by 4.6% during the 1st quarter. Legal & General Group Plc now owns 50,964 shares of the software makerâ€™s stock valued at $1,906,000 after acquiring an additional 2,242 shares during the last quarter. Brown Advisory Inc. raised its position in shares of AlarmCom by 21.6% during the 2nd quarter. Brown Advisory Inc. now owns 1,066,141 shares of the software makerâ€™s stock valued at $43,050,000 after acquiring an additional 189,032 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of AlarmCom by 28.9% during the 2nd quarter. Sei Investments Co. now owns 8,517 shares of the software makerâ€™s stock valued at $344,000 after acquiring an additional 1,909 shares during the last quarter. 96.01% of the stock is currently owned by institutional investors.
Several equities analysts have recently issued reports on the stock. Maxim Group boosted their price target on shares of AlarmCom from $59.00 to $69.00 and gave the company a â€śbuyâ€ť rating in a report on Tuesday, September 18th. Bank of America raised shares of AlarmCom to a â€śbuyâ€ť rating and boosted their price target for the company from $55.00 to $65.00 in a report on Friday, September 14th. Imperial Capital reissued an â€śin-lineâ€ť rating and issued a $60.00 price target (up previously from $45.00) on shares of AlarmCom in a report on Thursday, August 23rd. Credit Suisse Group reissued an â€śoutperformâ€ť rating on shares of AlarmCom in a report on Friday, August 17th. Finally, Zacks Investment Research raised shares of AlarmCom from a â€śholdâ€ť rating to a â€śbuyâ€ť rating and set a $56.00 target price for the company in a research note on Monday, August 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the companyâ€™s stock. The stock currently has a consensus rating of â€śBuyâ€ť and a consensus price target of $53.75.AlarmCom stock opened at $55.23 on Friday. AlarmCom Hldg Inc has a one year low of $33.39 and a one year high of $60.20. 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 stock has a market cap of $2.74 billion, a PE ratio of 72.67, a price-to-earnings-growth ratio of 3.35 and a beta of 1.33.
AlarmCom (NASDAQ:ALRM) last posted its quarterly earnings data on Tuesday, August 7th. The software maker reported $0.34 EPS for the quarter, topping the Zacksâ€™ consensus estimate of $0.22 by $0.12. The company had revenue of $104.49 million during the quarter, compared to the consensus estimate of $94.72 million. AlarmCom had a net margin of 9.75% and a negative return on equity of 64.90%. On average, sell-side analysts expect that AlarmCom Hldg Inc will post 1.01 earnings per share for the current fiscal year.
In other AlarmCom news, insider Daniel Kerzner sold 10,000 shares of the stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $49.66, for a total value of $496,600.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Hugh Panero sold 1,115 shares of the stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $56.75, for a total transaction of $63,276.25. Following the completion of the transaction, the director now directly owns 4,835 shares in the company, valued at $274,386.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 324,245 shares of company stock worth $17,998,456. 37.10% of the stock is owned by insiders.
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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