Alarm.com Holdings, Inc. (ALRM) Position Boosted by State Street Corp

State Street Corp raised its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 91.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 320,596 shares of the software maker’s stock after buying an additional 153,047 shares during the quarter. State Street Corp owned about 0.69% of Alarm.com Holdings worth $12,066,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its holdings in shares of Alarm.com Holdings by 95.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the software maker’s stock worth $156,000 after purchasing an additional 2,033 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Alarm.com Holdings by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,215 shares of the software maker’s stock worth $159,000 after purchasing an additional 632 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Alarm.com Holdings by 57.4% in the 2nd quarter. Legal & General Group Plc now owns 4,586 shares of the software maker’s stock worth $172,000 after purchasing an additional 1,673 shares in the last quarter. American International Group Inc. boosted its holdings in shares of Alarm.com Holdings by 7.1% in the 1st quarter. American International Group Inc. now owns 6,353 shares of the software maker’s stock worth $195,000 after purchasing an additional 422 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Alarm.com Holdings by 918.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,129 shares of the software maker’s stock worth $268,000 after purchasing an additional 6,429 shares in the last quarter. Institutional investors and hedge funds own 76.39% of the company’s stock.

ALRM has been the subject of a number of research reports. Credit Suisse Group reiterated an “outperform” rating and issued a $46.00 price objective (up from $37.00) on shares of Alarm.com Holdings in a report on Wednesday, August 9th. Northland Securities set a $51.00 price objective on Alarm.com Holdings and gave the stock a “buy” rating in a report on Thursday, November 16th. Zacks Investment Research cut Alarm.com Holdings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 10th. William Blair reiterated an “outperform” rating on shares of Alarm.com Holdings in a report on Thursday, September 21st. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $34.00 price objective (up from $29.00) on shares of Alarm.com Holdings in a report on Thursday, August 10th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $46.90.

In related news, CTO Jean-Paul Martin sold 10,000 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $45.13, for a total transaction of $451,300.00. Following the completion of the sale, the chief technology officer now directly owns 140,404 shares in the company, valued at approximately $6,336,432.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen Trundle sold 78,542 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $45.25, for a total value of $3,554,025.50. The disclosure for this sale can be found here. Insiders have sold a total of 356,714 shares of company stock valued at $15,956,692 over the last 90 days. 78.50% of the stock is currently owned by company insiders.

Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) opened at $45.30 on Friday. The firm has a market capitalization of $2,156.67, a PE ratio of 50.83, a P/E/G ratio of 3.89 and a beta of 1.43. Alarm.com Holdings, Inc. has a fifty-two week low of $26.68 and a fifty-two week high of $49.49. The company has a current ratio of 3.16, a quick ratio of 2.88 and a debt-to-equity ratio of -0.81.

Alarm.com Holdings (NASDAQ:ALRM) last issued its earnings results on Wednesday, November 8th. The software maker reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.07. The company had revenue of $90.00 million during the quarter, compared to analysts’ expectations of $83.04 million. Alarm.com Holdings had a negative return on equity of 42.00% and a net margin of 9.97%. Alarm.com Holdings’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.19 EPS. equities analysts predict that Alarm.com Holdings, Inc. will post 0.83 earnings per share for the current fiscal year.

WARNING: This report was first published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this report on another domain, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this report can be accessed at https://www.com-unik.info/2017/11/25/alarm-com-holdings-inc-alrm-position-boosted-by-state-street-corp.html.

About Alarm.com Holdings

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.

Institutional Ownership by Quarter for Alarm.com Holdings (NASDAQ:ALRM)

What are top analysts saying about Alarm.com Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Alarm.com Holdings Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit