BlackRock Inc. Grows Stake in AlarmCom Hldg Inc (NASDAQ:ALRM)

BlackRock Inc. grew its position in AlarmCom Hldg Inc (NASDAQ:ALRM) by 3.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 5,047,888 shares of the software maker’s stock after purchasing an additional 161,884 shares during the period. BlackRock Inc. owned 0.10% of AlarmCom worth $327,609,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC increased its stake in shares of AlarmCom by 125.0% in the 1st quarter. Signaturefd LLC now owns 450 shares of the software maker’s stock valued at $29,000 after buying an additional 250 shares during the period. Oregon Public Employees Retirement Fund acquired a new stake in shares of AlarmCom in the 4th quarter valued at $30,000. Manchester Capital Management LLC increased its stake in shares of AlarmCom by 151.3% in the 1st quarter. Manchester Capital Management LLC now owns 691 shares of the software maker’s stock valued at $45,000 after buying an additional 416 shares during the period. Cim LLC acquired a new stake in shares of AlarmCom in the 1st quarter valued at $201,000. Finally, Cetera Investment Advisers acquired a new stake in shares of AlarmCom in the 1st quarter valued at $214,000. 93.73% of the stock is owned by institutional investors.

NASDAQ:ALRM opened at $55.15 on Friday. AlarmCom Hldg Inc has a 12-month low of $36.28 and a 12-month high of $71.50. The firm has a market capitalization of $2.60 billion, a PE ratio of 42.10, a P/E/G ratio of 4.08 and a beta of 1.60.

AlarmCom (NASDAQ:ALRM) last posted its quarterly earnings results on Thursday, May 9th. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.03. AlarmCom had a negative return on equity of 86.44% and a net margin of 4.55%. The business had revenue of $112.34 million for the quarter, compared to analyst estimates of $102.35 million. During the same period last year, the company earned $0.34 EPS. The firm’s revenue was up 21.1% on a year-over-year basis. On average, research analysts anticipate that AlarmCom Hldg Inc will post 1.11 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on the company. BidaskClub cut AlarmCom from a “buy” rating to a “hold” rating in a research note on Friday, June 7th. Zacks Investment Research lowered AlarmCom from a “hold” rating to a “sell” rating in a research report on Tuesday, May 14th. Jefferies Financial Group lowered AlarmCom from a “buy” rating to a “hold” rating and reduced their price target for the stock from $71.00 to $66.00 in a research report on Monday, May 13th. Imperial Capital restated an “in-line” rating and issued a $64.00 price target (up from $61.00) on shares of AlarmCom in a research report on Monday, May 13th. Finally, Raymond James set a $77.00 price target on AlarmCom and gave the stock a “buy” rating in a research report on Friday, May 10th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $64.75.

In other AlarmCom news, insider Daniel Kerzner sold 758 shares of AlarmCom stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $64.63, for a total transaction of $48,989.54. Following the transaction, the insider now directly owns 39,133 shares in the company, valued at $2,529,165.79. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Steve Valenzuela sold 1,083 shares of AlarmCom stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $57.99, for a total value of $62,803.17. Following the transaction, the chief financial officer now owns 41,632 shares in the company, valued at $2,414,239.68. The disclosure for this sale can be found here. Insiders sold a total of 44,710 shares of company stock worth $2,937,651 over the last 90 days. 26.00% of the stock is owned by corporate insiders.

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AlarmCom Profile

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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Institutional Ownership by Quarter for AlarmCom (NASDAQ:ALRM)

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