Virtu Financial LLC acquired a new stake in shares of AlarmCom Hldg Inc (NASDAQ:ALRM) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,281 shares of the software maker’s stock, valued at approximately $275,000.
A number of other large investors also recently made changes to their positions in the business. BlackRock Inc. boosted its stake in AlarmCom by 116.3% in the fourth quarter. BlackRock Inc. now owns 2,885,799 shares of the software maker’s stock worth $108,938,000 after purchasing an additional 1,551,418 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of AlarmCom by 34.3% during the fourth quarter. Bank of New York Mellon Corp now owns 514,404 shares of the software maker’s stock valued at $19,420,000 after acquiring an additional 131,399 shares during the period. Polen Capital Management LLC acquired a new position in shares of AlarmCom during the fourth quarter valued at $226,000. Rhumbline Advisers lifted its stake in shares of AlarmCom by 73.2% during the fourth quarter. Rhumbline Advisers now owns 40,719 shares of the software maker’s stock valued at $1,537,000 after acquiring an additional 17,210 shares during the period. Finally, Global X Management Co. LLC lifted its stake in shares of AlarmCom by 58.3% during the fourth quarter. Global X Management Co. LLC now owns 32,271 shares of the software maker’s stock valued at $1,218,000 after acquiring an additional 11,885 shares during the period. Hedge funds and other institutional investors own 87.73% of the company’s stock.
In related news, Director Darius G. Nevin acquired 10,000 shares of the stock in a transaction on Friday, March 2nd. The shares were purchased at an average price of $37.21 per share, for a total transaction of $372,100.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at $372,100. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Stephen Trundle sold 25,000 shares of the firm’s stock in a transaction on Friday, March 16th. The stock was sold at an average price of $39.11, for a total value of $977,750.00. The disclosure for this sale can be found here. Company insiders own 78.50% of the company’s stock.
NASDAQ:ALRM traded down $0.37 during mid-day trading on Friday, hitting $38.52. 400,397 shares of the stock were exchanged, compared to its average volume of 411,167. The stock has a market cap of $1,835.83, a P/E ratio of 50.68, a PEG ratio of 2.53 and a beta of 1.13. The company has a current ratio of 3.68, a quick ratio of 3.37 and a debt-to-equity ratio of -0.80. AlarmCom Hldg Inc has a fifty-two week low of $30.17 and a fifty-two week high of $49.49.
AlarmCom (NASDAQ:ALRM) last released its quarterly earnings results on Tuesday, February 27th. The software maker reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.01). The firm had revenue of $88.79 million for the quarter, compared to analyst estimates of $83.50 million. AlarmCom had a negative return on equity of 47.29% and a net margin of 8.63%. sell-side analysts forecast that AlarmCom Hldg Inc will post 0.98 EPS for the current year.
ALRM has been the topic of several research reports. Jefferies Group upgraded AlarmCom from a “hold” rating to a “buy” rating and dropped their price objective for the company from $44.00 to $43.00 in a report on Thursday, January 18th. BidaskClub upgraded AlarmCom from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Maxim Group restated a “buy” rating and issued a $59.00 price target on shares of AlarmCom in a report on Thursday, March 22nd. Zacks Investment Research upgraded AlarmCom from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Tuesday, February 27th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $48.00 price objective on shares of AlarmCom in a report on Monday, March 19th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. AlarmCom currently has a consensus rating of “Buy” and a consensus target price of $48.20.
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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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