14,649 Shares in AlarmCom Hldg Inc (ALRM) Purchased by Rafferty Asset Management LLC

Rafferty Asset Management LLC purchased a new stake in AlarmCom Hldg Inc (NASDAQ:ALRM) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 14,649 shares of the software maker’s stock, valued at approximately $841,000.

Several other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. raised its stake in shares of AlarmCom by 3.3% in the first quarter. Principal Financial Group Inc. now owns 225,484 shares of the software maker’s stock worth $8,510,000 after purchasing an additional 7,128 shares during the last quarter. Xact Kapitalforvaltning AB acquired a new stake in AlarmCom during the second quarter worth about $246,000. Amalgamated Bank acquired a new stake in AlarmCom during the second quarter worth about $200,000. Creative Planning acquired a new stake in AlarmCom during the second quarter worth about $233,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in AlarmCom during the second quarter worth about $460,000. 98.64% of the stock is owned by institutional investors.

AlarmCom stock opened at $50.85 on Friday. The stock has a market cap of $2.44 billion, a P/E ratio of 46.65, a P/E/G ratio of 2.81 and a beta of 1.67. AlarmCom Hldg Inc has a 52 week low of $33.39 and a 52 week high of $60.20.

AlarmCom (NASDAQ:ALRM) last issued its quarterly earnings data on Wednesday, November 7th. The software maker reported $0.36 EPS for the quarter, beating the consensus estimate of $0.25 by $0.11. AlarmCom had a negative return on equity of 73.39% and a net margin of 3.50%. The company had revenue of $111.85 million for the quarter, compared to analyst estimates of $96.76 million. During the same period last year, the company earned $0.27 earnings per share. AlarmCom’s quarterly revenue was up 24.3% compared to the same quarter last year. Analysts predict that AlarmCom Hldg Inc will post 1.06 EPS for the current year.

In other AlarmCom news, Director Hugh Panero sold 1,115 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $56.75, for a total value of $63,276.25. Following the sale, the director now directly owns 4,835 shares of the company’s stock, valued at $274,386.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Steve Valenzuela sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $45.00, for a total value of $225,000.00. Following the completion of the sale, the chief financial officer now directly owns 42,774 shares in the company, valued at $1,924,830. The disclosure for this sale can be found here. Over the last three months, insiders sold 400,245 shares of company stock worth $21,549,426. 37.10% of the stock is owned by corporate insiders.

Several analysts recently commented on the company. Stifel Nicolaus raised their target price on AlarmCom from $38.00 to $45.00 and gave the stock a “hold” rating in a report on Wednesday, August 8th. Raymond James raised their target price on AlarmCom from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, November 8th. ValuEngine raised AlarmCom from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. Roth Capital raised their target price on AlarmCom from $51.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, August 8th. Finally, Jefferies Financial Group raised their target price on AlarmCom to $55.00 and gave the stock a “buy” rating in a report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $55.18.

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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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