AlarmCom (NASDAQ:ALRM) Hits New 52-Week High at $65.04

Shares of AlarmCom Hldg Inc (NASDAQ:ALRM) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $65.04 and last traded at $64.83, with a volume of 9425 shares. The stock had previously closed at $63.76.

ALRM has been the topic of a number of research reports. Maxim Group restated a “buy” rating and issued a $79.00 price target on shares of AlarmCom in a research note on Saturday, May 9th. Raymond James dropped their price target on AlarmCom from $65.00 to $55.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, May 6th. BidaskClub upgraded AlarmCom from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Northland Securities restated a “buy” rating and issued a $65.00 price target on shares of AlarmCom in a research note on Monday, April 13th. Finally, Roth Capital raised their price target on AlarmCom from $51.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $62.38.

The stock has a fifty day moving average of $54.94 and a 200 day moving average of $46.28. The company has a market capitalization of $3.10 billion, a P/E ratio of 61.17, a PEG ratio of 5.31 and a beta of 1.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.51 and a current ratio of 3.98.

AlarmCom (NASDAQ:ALRM) last announced its earnings results on Thursday, May 7th. The software maker reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.08. AlarmCom had a return on equity of 18.82% and a net margin of 9.84%. The company had revenue of $151.90 million for the quarter, compared to analysts’ expectations of $125.13 million. During the same period last year, the firm earned $0.34 EPS. AlarmCom’s revenue for the quarter was up 35.3% compared to the same quarter last year. Research analysts anticipate that AlarmCom Hldg Inc will post 1.01 EPS for the current fiscal year.

In other AlarmCom news, VP Daniel Ramos sold 2,834 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $62.17, for a total transaction of $176,189.78. Following the sale, the vice president now directly owns 39,769 shares of the company’s stock, valued at $2,472,438.73. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Stephen Trundle sold 4,752 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $37.12, for a total value of $176,394.24. Following the sale, the chief executive officer now directly owns 272,493 shares in the company, valued at $10,114,940.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,706,103 shares of company stock worth $268,652,579. 20.80% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its holdings in AlarmCom by 27.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 268,126 shares of the software maker’s stock valued at $11,522,000 after acquiring an additional 58,016 shares during the period. Geode Capital Management LLC grew its position in shares of AlarmCom by 6.5% during the first quarter. Geode Capital Management LLC now owns 545,357 shares of the software maker’s stock valued at $21,219,000 after purchasing an additional 33,424 shares in the last quarter. Man Group plc grew its position in shares of AlarmCom by 393.1% during the fourth quarter. Man Group plc now owns 56,916 shares of the software maker’s stock valued at $2,446,000 after purchasing an additional 45,373 shares in the last quarter. BlackRock Inc. grew its position in shares of AlarmCom by 1.1% during the first quarter. BlackRock Inc. now owns 6,022,262 shares of the software maker’s stock valued at $234,324,000 after purchasing an additional 66,630 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of AlarmCom by 2.7% during the first quarter. Legal & General Group Plc now owns 109,216 shares of the software maker’s stock valued at $4,250,000 after purchasing an additional 2,883 shares in the last quarter. 97.36% of the stock is currently owned by institutional investors and hedge funds.

About AlarmCom (NASDAQ:ALRM)

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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