Beacon Investment Advisory Services Inc. Purchases New Position in AlarmCom Hldg Inc (ALRM)
Beacon Investment Advisory Services Inc. acquired a new stake in AlarmCom Hldg Inc (NASDAQ:ALRM) in the third quarter, according to its most recent filing with the SEC. The fund acquired 16,580 shares of the software maker’s stock, valued at approximately $749,000.
A number of other institutional investors have also added to or reduced their stakes in the stock. Janus Henderson Group PLC purchased a new position in AlarmCom in the 2nd quarter valued at approximately $37,684,000. Vanguard Group Inc. grew its stake in AlarmCom by 21.7% in the 2nd quarter. Vanguard Group Inc. now owns 776,777 shares of the software maker’s stock valued at $29,229,000 after buying an additional 138,595 shares in the last quarter. Renaissance Technologies LLC grew its stake in AlarmCom by 61.6% in the 2nd quarter. Renaissance Technologies LLC now owns 593,000 shares of the software maker’s stock valued at $22,315,000 after buying an additional 226,000 shares in the last quarter. Oak Ridge Investments LLC purchased a new position in AlarmCom in the 2nd quarter valued at approximately $19,059,000. Finally, Koch Industries Inc. purchased a new position in AlarmCom in the 2nd quarter valued at approximately $485,000. Institutional investors and hedge funds own 83.16% of the company’s stock.
In other news, insider Stephen Trundle sold 60,000 shares of AlarmCom stock in a transaction on Monday, November 20th. The shares were sold at an average price of $44.05, for a total transaction of $2,643,000.00. Following the completion of the sale, the insider now directly owns 222,191 shares of the company’s stock, valued at approximately $9,787,513.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vii Lp Tcv sold 121,885 shares of AlarmCom stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $42.40, for a total transaction of $5,167,924.00. The disclosure for this sale can be found here. Insiders have sold a total of 293,421 shares of company stock valued at $12,852,709 over the last ninety days. 46.80% of the stock is currently owned by insiders.
AlarmCom Hldg Inc (ALRM) opened at $37.19 on Tuesday. The company has a quick ratio of 2.88, a current ratio of 3.16 and a debt-to-equity ratio of -0.81. AlarmCom Hldg Inc has a fifty-two week low of $26.68 and a fifty-two week high of $49.49. The company has a market cap of $1,768.24, a price-to-earnings ratio of 41.68, a price-to-earnings-growth ratio of 3.19 and a beta of 1.27.
AlarmCom (NASDAQ:ALRM) last announced its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.07. AlarmCom had a net margin of 9.97% and a negative return on equity of 42.00%. The firm had revenue of $90.00 million during the quarter, compared to the consensus estimate of $83.04 million. During the same period last year, the firm earned $0.19 EPS. The business’s quarterly revenue was up 32.7% compared to the same quarter last year. equities research analysts anticipate that AlarmCom Hldg Inc will post 0.83 earnings per share for the current year.
Several research analysts have commented on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $38.00 price target (up from $34.00) on shares of AlarmCom in a report on Thursday, November 9th. Credit Suisse Group reissued an “outperform” rating and issued a $52.00 price target (up from $46.00) on shares of AlarmCom in a report on Thursday, November 9th. William Blair reissued an “outperform” rating on shares of AlarmCom in a report on Thursday, September 21st. Northland Securities reissued a “buy” rating and issued a $51.00 price target on shares of AlarmCom in a report on Friday, October 13th. Finally, Maxim Group reissued a “buy” rating and issued a $57.00 price target on shares of AlarmCom in a report on Tuesday, November 21st. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. AlarmCom presently has an average rating of “Buy” and an average target price of $46.90.
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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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