Summit Creek Advisors LLC cut its stake in shares of AlarmCom Hldg Inc (NASDAQ:ALRM) by 26.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 157,836 shares of the software maker’s stock after selling 56,650 shares during the quarter. AlarmCom comprises approximately 1.8% of Summit Creek Advisors LLC’s portfolio, making the stock its 27th biggest position. Summit Creek Advisors LLC’s holdings in AlarmCom were worth $10,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Redmond Asset Management LLC increased its holdings in shares of AlarmCom by 1.1% during the fourth quarter. Redmond Asset Management LLC now owns 16,009 shares of the software maker’s stock valued at $830,000 after acquiring an additional 180 shares in the last quarter. Raymond James & Associates increased its holdings in AlarmCom by 0.3% in the 4th quarter. Raymond James & Associates now owns 70,971 shares of the software maker’s stock worth $3,681,000 after buying an additional 199 shares in the last quarter. Victory Capital Management Inc. increased its holdings in AlarmCom by 4.0% in the 4th quarter. Victory Capital Management Inc. now owns 6,938 shares of the software maker’s stock worth $360,000 after buying an additional 270 shares in the last quarter. Piedmont Investment Advisors Inc. increased its holdings in AlarmCom by 4.1% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 8,273 shares of the software maker’s stock worth $429,000 after buying an additional 324 shares in the last quarter. Finally, Comerica Bank increased its holdings in AlarmCom by 1.1% in the 4th quarter. Comerica Bank now owns 33,999 shares of the software maker’s stock worth $2,131,000 after buying an additional 381 shares in the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Shares of ALRM stock traded up $0.46 during trading hours on Monday, reaching $68.79. 3,696 shares of the company traded hands, compared to its average volume of 351,827. AlarmCom Hldg Inc has a 12-month low of $36.28 and a 12-month high of $68.82. The stock has a market cap of $3.29 billion, a P/E ratio of 52.68, a PEG ratio of 3.54 and a beta of 1.46.

In related news, insider Stephen Trundle sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 16th. The stock was sold at an average price of $55.42, for a total value of $1,662,600.00. Following the transaction, the insider now directly owns 218,514 shares of the company’s stock, valued at approximately $12,110,045.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Daniel Ramos sold 607 shares of the business’s stock in a transaction that occurred 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 directly owns 448,100 shares in the company, valued at $28,960,703. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,489 shares of company stock worth $3,112,476. Insiders own 37.10% of the company’s stock.

Several research analysts have issued reports on the company. BidaskClub raised AlarmCom from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Northland Securities reissued a “buy” rating and issued a $73.00 target price on shares of AlarmCom in a research report on Wednesday, April 10th. Zacks Investment Research cut AlarmCom from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 6th. ValuEngine raised AlarmCom from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 4th. Finally, Raymond James raised their target price on AlarmCom from $58.00 to $70.00 and gave the stock a “strong-buy” rating in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $58.42.

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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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