Janus Henderson Group PLC lessened its holdings in AlarmCom Hldg Inc (NASDAQ:ALRM) by 15.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 843,902 shares of the software maker’s stock after selling 157,526 shares during the period. Janus Henderson Group PLC owned approximately 1.79% of AlarmCom worth $38,127,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of AlarmCom by 21.7% during the 2nd quarter. Vanguard Group Inc. now owns 776,777 shares of the software maker’s stock worth $29,229,000 after purchasing an additional 138,595 shares during the last quarter. Renaissance Technologies LLC raised its stake in AlarmCom by 61.6% during the 2nd quarter. Renaissance Technologies LLC now owns 593,000 shares of the software maker’s stock worth $22,315,000 after acquiring an additional 226,000 shares in the last quarter. Oak Ridge Investments LLC acquired a new stake in AlarmCom during the 2nd quarter worth $19,059,000. Koch Industries Inc. acquired a new stake in AlarmCom during the 2nd quarter worth $485,000. Finally, Pictet Asset Management Ltd. acquired a new stake in AlarmCom during the 3rd quarter worth $19,427,000. 83.16% of the stock is owned by institutional investors.
Several equities research analysts recently commented on the stock. Credit Suisse Group reiterated an “outperform” rating and set a $52.00 price target (up from $46.00) on shares of AlarmCom in a research note on Thursday, November 9th. BidaskClub lowered shares of AlarmCom from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Northland Securities set a $51.00 price objective on shares of AlarmCom and gave the company a “buy” rating in a research note on Thursday, November 16th. Bank of America lifted their target price on shares of AlarmCom from $46.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. Finally, Maxim Group reaffirmed a “buy” rating and issued a $57.00 target price on shares of AlarmCom in a report on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. AlarmCom currently has an average rating of “Hold” and an average target price of $46.90.
Shares of AlarmCom Hldg Inc (NASDAQ ALRM) traded up $0.31 during midday trading on Thursday, hitting $36.54. 439,961 shares of the company’s stock traded hands, compared to its average volume of 588,295. AlarmCom Hldg Inc has a 12 month low of $26.84 and a 12 month high of $49.49. The stock has a market capitalization of $1,720.00 and a P/E ratio of 56.22. The company has a quick ratio of 2.88, a current ratio of 3.16 and a debt-to-equity ratio of -0.81.
AlarmCom (NASDAQ:ALRM) last announced its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.07. The company had revenue of $90.00 million for the quarter, compared to the consensus estimate of $83.04 million. AlarmCom had a net margin of 16.79% and a return on equity of 27.45%. The company’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.19 earnings per share. equities research analysts expect that AlarmCom Hldg Inc will post 0.82 earnings per share for the current fiscal year.
In other news, VP Daniel Ramos sold 4,800 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $47.15, for a total value of $226,320.00. Following the completion of the sale, the vice president now owns 82,327 shares of the company’s stock, valued at $3,881,718.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vii Lp Tcv sold 121,885 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $42.40, for a total transaction of $5,167,924.00. The disclosure for this sale can be found here. In the last three months, insiders sold 283,178 shares of company stock valued at $12,111,202. Company insiders own 46.80% of the company’s stock.
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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.
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