AlarmCom Hldg Inc (ALRM) Director Hugh Panero Sells 16,114 Shares of Stock
AlarmCom Hldg Inc (NASDAQ:ALRM) Director Hugh Panero sold 16,114 shares of AlarmCom stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $37.26, for a total transaction of $600,407.64. Following the completion of the sale, the director now directly owns 58,615 shares of the company’s stock, valued at approximately $2,183,994.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
AlarmCom Hldg Inc (ALRM) traded up $0.35 during trading on Friday, reaching $37.16. 800,416 shares of the company’s stock were exchanged, compared to its average volume of 656,672. The firm has a market cap of $1,770.00 and a price-to-earnings ratio of 40.90. The company has a debt-to-equity ratio of -0.81, a quick ratio of 2.88 and a current ratio of 3.16. AlarmCom Hldg Inc has a 52-week low of $26.68 and a 52-week high of $49.49.
AlarmCom (NASDAQ:ALRM) last released its earnings results on Wednesday, November 8th. The software maker reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.07. The firm had revenue of $90.00 million during the quarter, compared to analyst estimates of $83.04 million. AlarmCom had a net margin of 9.97% and a negative return on equity of 42.00%. The business’s revenue was up 32.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 EPS. analysts forecast that AlarmCom Hldg Inc will post 0.82 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. lifted its position in AlarmCom by 42.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 60,664 shares of the software maker’s stock worth $2,283,000 after acquiring an additional 18,204 shares during the last quarter. Pier Capital LLC acquired a new position in AlarmCom during the 2nd quarter worth $5,916,000. Pictet Asset Management Ltd. acquired a new position in AlarmCom during the 3rd quarter worth $19,427,000. Oak Ridge Investments LLC acquired a new position in AlarmCom during the 2nd quarter worth $19,059,000. Finally, Alliancebernstein L.P. lifted its position in AlarmCom by 107.2% during the 2nd quarter. Alliancebernstein L.P. now owns 28,600 shares of the software maker’s stock worth $1,076,000 after acquiring an additional 14,800 shares during the last quarter. 83.16% of the stock is owned by hedge funds and other institutional investors.
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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