AlarmCom Hldg Inc (NASDAQ:ALRM) was up 5.6% during mid-day trading on Wednesday . The company traded as high as $50.09 and last traded at $49.96, approximately 358,991 shares were traded during mid-day trading. A decline of 22% from the average daily volume of 458,521 shares. The stock had previously closed at $47.31.

A number of equities analysts have commented on ALRM shares. Credit Suisse Group decreased their target price on AlarmCom from $70.00 to $62.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Zacks Investment Research cut AlarmCom from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. BidaskClub raised AlarmCom from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. Roth Capital reduced their price objective on AlarmCom from $73.00 to $55.00 in a research report on Tuesday, July 16th. Finally, ValuEngine downgraded AlarmCom from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $67.70.

The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 38.14, a price-to-earnings-growth ratio of 3.58 and a beta of 1.40. The business’s 50 day simple moving average is $48.16 and its 200-day simple moving average is $57.08.

AlarmCom (NASDAQ:ALRM) last issued its quarterly earnings data on Thursday, August 8th. The software maker reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $109.45 million. During the same period in the previous year, the firm posted $0.34 earnings per share. The business’s revenue was up 16.4% on a year-over-year basis. As a group, equities analysts predict that AlarmCom Hldg Inc will post 1.11 earnings per share for the current fiscal year.

In other AlarmCom news, insider Stephen Trundle sold 20,000 shares of AlarmCom stock in a transaction on Monday, August 19th. The stock was sold at an average price of $47.18, for a total transaction of $943,600.00. Following the sale, the insider now owns 242,443 shares of the company’s stock, valued at approximately $11,438,460.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 26.00% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Signaturefd LLC raised its position in shares of AlarmCom by 125.0% during the 1st quarter. Signaturefd LLC now owns 450 shares of the software maker’s stock worth $29,000 after buying an additional 250 shares in the last quarter. Icon Wealth Partners LLC bought a new position in shares of AlarmCom in the first quarter valued at approximately $34,000. Pearl River Capital LLC bought a new position in shares of AlarmCom in the second quarter valued at approximately $38,000. Tower Research Capital LLC TRC acquired a new position in shares of AlarmCom during the second quarter valued at approximately $42,000. Finally, Manchester Capital Management LLC increased its stake in shares of AlarmCom by 151.3% during the first quarter. Manchester Capital Management LLC now owns 691 shares of the software maker’s stock valued at $45,000 after acquiring an additional 416 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

About AlarmCom (NASDAQ:ALRM)

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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