AlarmCom Hldg Inc (NASDAQ:ALRM) Insider Stephen Trundle Sells 20,000 Shares

AlarmCom Hldg Inc (NASDAQ:ALRM) insider Stephen Trundle sold 20,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $47.18, for a total transaction of $943,600.00. Following the completion of the transaction, the insider now directly owns 242,443 shares in the company, valued at approximately $11,438,460.74. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of NASDAQ ALRM traded down $0.17 during mid-day trading on Thursday, hitting $46.63. The company’s stock had a trading volume of 6,214 shares, compared to its average volume of 513,150. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 35.60, a price-to-earnings-growth ratio of 3.60 and a beta of 1.38. AlarmCom Hldg Inc has a one year low of $40.92 and a one year high of $71.50. The company’s fifty day simple moving average is $49.96 and its 200-day simple moving average is $58.84.

AlarmCom (NASDAQ:ALRM) last issued its earnings results on Thursday, August 8th. The software maker reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.08. AlarmCom had a net margin of 5.05% and a negative return on equity of 98.00%. The company had revenue of $121.66 million for the quarter, compared to analyst estimates of $109.45 million. During the same quarter last year, the firm earned $0.34 EPS. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. On average, equities research analysts anticipate that AlarmCom Hldg Inc will post 1.11 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in ALRM. Brown Capital Management LLC boosted its stake in AlarmCom by 39.2% during the 2nd quarter. Brown Capital Management LLC now owns 4,488,606 shares of the software maker’s stock worth $240,140,000 after acquiring an additional 1,264,342 shares during the last quarter. BlackRock Inc. boosted its stake in AlarmCom by 11.9% during the 2nd quarter. BlackRock Inc. now owns 5,650,949 shares of the software maker’s stock worth $302,326,000 after acquiring an additional 603,061 shares during the last quarter. Pictet Asset Management Ltd. bought a new position in AlarmCom during the 1st quarter worth approximately $33,878,000. FMR LLC boosted its stake in AlarmCom by 323,590.2% during the 1st quarter. FMR LLC now owns 297,795 shares of the software maker’s stock worth $19,327,000 after acquiring an additional 297,703 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in AlarmCom by 55.3% during the 2nd quarter. Invesco Ltd. now owns 579,446 shares of the software maker’s stock worth $31,001,000 after acquiring an additional 206,450 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on ALRM. Roth Capital reduced their target price on shares of AlarmCom from $73.00 to $55.00 in a research note on Tuesday, July 16th. BidaskClub raised shares of AlarmCom from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th. Maxim Group reaffirmed a “buy” rating and issued a $79.00 target price on shares of AlarmCom in a research note on Friday, August 9th. Zacks Investment Research lowered shares of AlarmCom from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th. Finally, Jefferies Financial Group lowered shares of AlarmCom from a “buy” rating to a “hold” rating and reduced their target price for the company from $71.00 to $66.00 in a research note on Monday, May 13th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $67.70.

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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