A number of other equities research analysts have also recently commented on the company. First Analysis raised AlarmCom from an outperform rating to a strong-buy rating and set a $75.00 price objective for the company in a research note on Monday, October 21st. Imperial Capital decreased their price objective on AlarmCom from $58.00 to $51.00 and set an in-line rating for the company in a research note on Thursday, November 7th. Roth Capital set a $51.00 price objective on AlarmCom and gave the stock a hold rating in a research note on Thursday, October 10th. Finally, Zacks Investment Research cut AlarmCom from a hold rating to a strong sell rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. AlarmCom presently has an average rating of Buy and a consensus price target of $66.70.
ALRM stock opened at $46.03 on Friday. The company has a market cap of $2.24 billion, a P/E ratio of 47.95, a PEG ratio of 2.92 and a beta of 1.29. AlarmCom has a twelve month low of $41.06 and a twelve month high of $71.50. The business has a fifty day moving average of $42.90 and a 200-day moving average of $46.66.
AlarmCom (NASDAQ:ALRM) last released its earnings results on Tuesday, November 5th. The software maker reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.12. AlarmCom had a negative return on equity of 122.34% and a net margin of 10.23%. The company had revenue of $127.90 million during the quarter, compared to the consensus estimate of $114.62 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. On average, analysts predict that AlarmCom will post 1.12 EPS for the current year.
In other AlarmCom news, CEO Stephen Trundle sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $44.83, for a total value of $448,300.00. Following the completion of the transaction, the chief executive officer now directly owns 257,493 shares of the company’s stock, valued at $11,543,411.19. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 26.00% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of ALRM. BlackRock Inc. boosted its position in shares of AlarmCom by 11.9% during the second quarter. BlackRock Inc. now owns 5,650,949 shares of the software maker’s stock worth $302,326,000 after buying an additional 603,061 shares during the period. Vanguard Group Inc. raised its stake in AlarmCom by 2.8% in the second quarter. Vanguard Group Inc. now owns 3,995,055 shares of the software maker’s stock valued at $213,737,000 after buying an additional 109,046 shares during the period. Riverbridge Partners LLC raised its stake in AlarmCom by 26.4% in the third quarter. Riverbridge Partners LLC now owns 1,506,830 shares of the software maker’s stock valued at $70,279,000 after buying an additional 314,346 shares during the period. State Street Corp raised its stake in AlarmCom by 1.5% in the third quarter. State Street Corp now owns 1,067,223 shares of the software maker’s stock valued at $49,775,000 after buying an additional 15,894 shares during the period. Finally, Pictet Asset Management Ltd. raised its stake in AlarmCom by 43.6% in the second quarter. Pictet Asset Management Ltd. now owns 749,691 shares of the software maker’s stock valued at $40,108,000 after buying an additional 227,691 shares during the period. 99.79% of the stock is owned by hedge funds and other institutional investors.
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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