AlarmCom (NASDAQ:ALRM) Receives “In-Line” Rating from Imperial Capital
Imperial Capital reaffirmed their in-line rating on shares of AlarmCom (NASDAQ:ALRM) in a research note issued to investors on Thursday, August 23rd, Marketbeat reports. Imperial Capital currently has a $60.00 target price on the software maker’s stock, up from their previous target price of $45.00.
ALRM has been the subject of several other reports. Maxim Group reiterated a buy rating and set a $59.00 target price on shares of AlarmCom in a research report on Friday, May 4th. ValuEngine upgraded shares of AlarmCom from a hold rating to a buy rating in a research report on Friday, June 1st. BidaskClub upgraded shares of AlarmCom from a buy rating to a strong-buy rating in a research report on Saturday, June 30th. Roth Capital boosted their price objective on shares of AlarmCom from $51.00 to $57.00 and gave the stock a buy rating in a report on Wednesday, August 8th. Finally, Credit Suisse Group restated an outperform rating on shares of AlarmCom in a report on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. AlarmCom presently has an average rating of Buy and an average target price of $52.92.
Shares of ALRM traded down $1.05 during trading hours on Thursday, hitting $56.46. The company’s stock had a trading volume of 478,916 shares, compared to its average volume of 563,165. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 55.75, a PEG ratio of 3.35 and a beta of 1.33. The company has a quick ratio of 3.93, a current ratio of 4.25 and a debt-to-equity ratio of -1.08. AlarmCom has a 52-week low of $33.39 and a 52-week high of $59.05.
In other news, VP Daniel Ramos sold 70,299 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $56.47, for a total value of $3,969,784.53. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Daniel Kerzner sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $49.66, for a total transaction of $496,600.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 344,923 shares of company stock worth $18,922,805. Insiders own 37.10% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Polen Capital Management LLC lifted its stake in AlarmCom by 12.1% during the 2nd quarter. Polen Capital Management LLC now owns 9,546 shares of the software maker’s stock valued at $385,000 after acquiring an additional 1,031 shares during the period. Victory Capital Management Inc. lifted its stake in AlarmCom by 28.4% during the 1st quarter. Victory Capital Management Inc. now owns 6,024 shares of the software maker’s stock valued at $227,000 after acquiring an additional 1,334 shares during the period. Prudential Financial Inc. lifted its stake in AlarmCom by 3.9% during the 1st quarter. Prudential Financial Inc. now owns 42,190 shares of the software maker’s stock valued at $1,592,000 after acquiring an additional 1,600 shares during the period. Swiss National Bank lifted its stake in AlarmCom by 6.3% during the 1st quarter. Swiss National Bank now owns 28,500 shares of the software maker’s stock valued at $1,076,000 after acquiring an additional 1,700 shares during the period. Finally, Engineers Gate Manager LP lifted its stake in AlarmCom by 13.1% during the 2nd quarter. Engineers Gate Manager LP now owns 15,300 shares of the software maker’s stock valued at $618,000 after acquiring an additional 1,770 shares during the period. 96.04% of the stock is currently 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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