Amalgamated Bank Purchases Shares of 4,912 AlarmCom Hldg Inc (ALRM)

Amalgamated Bank purchased a new position in shares of AlarmCom Hldg Inc (NASDAQ:ALRM) during the fourth quarter, Holdings Channel reports. The firm purchased 4,912 shares of the software maker’s stock, valued at approximately $255,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Intrinsic Edge Capital Management LLC boosted its holdings in AlarmCom by 489.5% in the 4th quarter. Intrinsic Edge Capital Management LLC now owns 442,603 shares of the software maker’s stock valued at $22,958,000 after purchasing an additional 367,516 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in AlarmCom by 4.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 24,717 shares of the software maker’s stock valued at $1,282,000 after purchasing an additional 980 shares during the last quarter. Handelsinvest Investeringsforvaltning acquired a new position in AlarmCom in the 4th quarter valued at about $2,050,000. Vanguard Group Inc. boosted its holdings in AlarmCom by 14.1% in the 3rd quarter. Vanguard Group Inc. now owns 3,323,794 shares of the software maker’s stock valued at $190,786,000 after purchasing an additional 410,254 shares during the last quarter. Finally, Standard Life Aberdeen plc boosted its holdings in AlarmCom by 55.1% in the 4th quarter. Standard Life Aberdeen plc now owns 1,387,431 shares of the software maker’s stock valued at $71,342,000 after purchasing an additional 492,660 shares during the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Several equities analysts have weighed in on ALRM shares. BidaskClub lowered shares of AlarmCom from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. Northland Securities reiterated a “buy” rating and issued a $73.00 target price on shares of AlarmCom in a report on Wednesday, April 10th. Zacks Investment Research lowered shares of AlarmCom from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 6th. ValuEngine lowered shares of AlarmCom from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 5th. Finally, Maxim Group reiterated a “buy” rating and issued a $74.00 target price (up from $69.00) on shares of AlarmCom in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $58.42.

In other news, CEO Stephen Trundle sold 2,271 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $64.63, for a total value of $146,774.73. Following the sale, the chief executive officer now directly owns 224,714 shares of the company’s stock, valued at approximately $14,523,265.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steve Valenzuela sold 1,084 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $63.05, for a total transaction of $68,346.20. Following the completion of the sale, the chief financial officer now directly owns 29,133 shares in the company, valued at $1,836,835.65. The disclosure for this sale can be found here. Insiders sold a total of 52,489 shares of company stock worth $3,112,476 over the last three months. Insiders own 37.10% of the company’s stock.

AlarmCom stock opened at $68.76 on Tuesday. The company has a market capitalization of $3.29 billion, a PE ratio of 52.49, a P/E/G ratio of 3.54 and a beta of 1.46. AlarmCom Hldg Inc has a 1 year low of $36.28 and a 1 year high of $69.61.

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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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