American International Group Inc. decreased its holdings in AlarmCom Hldg Inc (NASDAQ:ALRM) by 2.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,095 shares of the software maker’s stock after selling 627 shares during the quarter. American International Group Inc.’s holdings in AlarmCom were worth $1,564,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Oregon Public Employees Retirement Fund purchased a new stake in AlarmCom in the fourth quarter worth $30,000. Cetera Investment Advisers purchased a new stake in AlarmCom in the first quarter worth $214,000. Oppenheimer & Co. Inc. purchased a new stake in AlarmCom in the first quarter worth $233,000. Nwam LLC lifted its stake in AlarmCom by 27.8% in the fourth quarter. Nwam LLC now owns 4,600 shares of the software maker’s stock worth $239,000 after acquiring an additional 1,000 shares during the period. Finally, Amalgamated Bank purchased a new stake in AlarmCom in the fourth quarter worth $255,000. 93.73% of the stock is owned by institutional investors.

In other AlarmCom news, VP Daniel Ramos sold 607 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $64.63, for a total value of $39,230.41. Following the completion of the transaction, the vice president now owns 448,100 shares in the company, valued at $28,960,703. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Jean-Paul Martin sold 952 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $58.41, for a total value of $55,606.32. Following the transaction, the chief technology officer now owns 146,458 shares of the company’s stock, valued at $8,554,611.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,627 shares of company stock valued at $2,874,848. 26.00% of the stock is owned by corporate insiders.

ALRM opened at $58.31 on Monday. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 44.51, a PEG ratio of 4.51 and a beta of 1.46. AlarmCom Hldg Inc has a 12-month low of $36.28 and a 12-month high of $71.50.

AlarmCom (NASDAQ:ALRM) last posted its quarterly earnings data on Thursday, February 28th. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The business had revenue of $111.40 million during the quarter, compared to the consensus estimate of $99.63 million. AlarmCom had a negative return on equity of 86.44% and a net margin of 4.55%. On average, equities analysts forecast that AlarmCom Hldg Inc will post 1.11 EPS for the current year.

A number of analysts recently commented on ALRM shares. Northland Securities reaffirmed a “buy” rating and issued a $73.00 price target on shares of AlarmCom in a research note on Friday, May 10th. Bank of America reaffirmed a “buy” rating and issued a $78.00 price target (up previously from $67.00) on shares of AlarmCom in a research note on Friday, May 3rd. Roth Capital raised their price target on AlarmCom from $6,673.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. BidaskClub raised AlarmCom from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Finally, ValuEngine lowered AlarmCom from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 5th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. AlarmCom has an average rating of “Hold” and an average target price of $64.75.

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AlarmCom Company 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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