Summit Creek Advisors LLC lifted its stake in shares of AlarmCom Hldg Inc (NASDAQ:ALRM) by 81.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 309,570 shares of the software maker’s stock after buying an additional 138,910 shares during the quarter. AlarmCom comprises approximately 2.4% of Summit Creek Advisors LLC’s investment portfolio, making the stock its 16th largest holding. Summit Creek Advisors LLC’s holdings in AlarmCom were worth $14,438,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. FMR LLC grew its position in AlarmCom by 323,590.2% in the 1st quarter. FMR LLC now owns 297,795 shares of the software maker’s stock valued at $19,327,000 after purchasing an additional 297,703 shares during the period. Centaurus Financial Inc. grew its position in AlarmCom by 18.0% in the 1st quarter. Centaurus Financial Inc. now owns 13,356 shares of the software maker’s stock valued at $206,000 after purchasing an additional 2,037 shares during the period. Arlington Partners LLC acquired a new stake in AlarmCom in the 2nd quarter valued at $675,000. Handelsbanken Fonder AB grew its position in AlarmCom by 66.7% in the 2nd quarter. Handelsbanken Fonder AB now owns 250,000 shares of the software maker’s stock valued at $13,375,000 after purchasing an additional 100,000 shares during the period. Finally, We Are One Seven LLC grew its position in AlarmCom by 4.3% in the 2nd quarter. We Are One Seven LLC now owns 6,444 shares of the software maker’s stock valued at $344,000 after purchasing an additional 264 shares during the period. 97.95% of the stock is owned by institutional investors.
AlarmCom stock traded up $0.63 during midday trading on Thursday, reaching $47.76. The stock had a trading volume of 46,442 shares, compared to its average volume of 249,578. AlarmCom Hldg Inc has a 12 month low of $40.92 and a 12 month high of $71.50. The firm’s 50-day moving average price is $47.64 and its 200 day moving average price is $54.77. The firm has a market capitalization of $2.25 billion, a PE ratio of 36.46, a P/E/G ratio of 2.99 and a beta of 1.39.
AlarmCom (NASDAQ:ALRM) last announced its quarterly earnings data on Thursday, August 8th. The software maker reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.08. AlarmCom had a negative return on equity of 98.00% and a net margin of 5.05%. The business had revenue of $121.66 million for the quarter, compared to analysts’ expectations of $109.45 million. During the same period in the previous year, the business posted $0.34 EPS. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. On average, equities research analysts anticipate that AlarmCom Hldg Inc will post 1.11 earnings per share for the current fiscal year.
Several research firms recently issued reports on ALRM. Maxim Group reissued a “buy” rating and issued a $79.00 price target on shares of AlarmCom in a research report on Friday, August 9th. Roth Capital set a $51.00 price objective on AlarmCom and gave the company a “hold” rating in a research note on Thursday, October 10th. Credit Suisse Group lowered their target price on AlarmCom from $70.00 to $62.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. ValuEngine cut AlarmCom from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Finally, BidaskClub cut AlarmCom from a “hold” rating to a “sell” rating in a research note on Saturday, October 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $67.20.
In related news, insider Stephen Trundle sold 20,000 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $47.18, for a total value of $943,600.00. Following the sale, 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 Securities & Exchange Commission, which is available at this hyperlink. Insiders own 26.00% of the company’s stock.
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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