AlarmCom Hldg Inc (NASDAQ:ALRM) Holdings Cut by Standard Life Aberdeen plc

Standard Life Aberdeen plc reduced its stake in AlarmCom Hldg Inc (NASDAQ:ALRM) by 41.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 873,887 shares of the software maker’s stock after selling 621,384 shares during the quarter. Standard Life Aberdeen plc’s holdings in AlarmCom were worth $37,551,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Bares Capital Management Inc. raised its position in shares of AlarmCom by 26.8% during the 4th quarter. Bares Capital Management Inc. now owns 1,524,386 shares of the software maker’s stock worth $65,503,000 after purchasing an additional 321,796 shares during the period. State Street Corp lifted its holdings in shares of AlarmCom by 1.7% in the 4th quarter. State Street Corp now owns 1,085,054 shares of the software maker’s stock worth $46,625,000 after purchasing an additional 17,831 shares during the last quarter. New York State Common Retirement Fund boosted its position in AlarmCom by 3.4% during the 4th quarter. New York State Common Retirement Fund now owns 810,204 shares of the software maker’s stock valued at $34,814,000 after purchasing an additional 26,465 shares during the period. Handelsbanken Fonder AB boosted its position in AlarmCom by 53.8% during the 4th quarter. Handelsbanken Fonder AB now owns 500,000 shares of the software maker’s stock valued at $21,485,000 after purchasing an additional 175,000 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in AlarmCom by 6.7% during the 4th quarter. Bank of New York Mellon Corp now owns 462,926 shares of the software maker’s stock worth $19,892,000 after buying an additional 28,941 shares during the last quarter. 99.87% of the stock is owned by institutional investors.

In other AlarmCom news, CEO Stephen Trundle sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $42.31, for a total value of $846,200.00. Following the completion of the sale, the chief executive officer now directly owns 267,493 shares in the company, valued at $11,317,628.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vii Lp Tcv sold 75,747 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $45.73, for a total value of $3,463,910.31. The disclosure for this sale can be found here. Insiders sold 135,118 shares of company stock valued at $5,815,865 in the last ninety days. Corporate insiders own 26.00% of the company’s stock.

Several equities research analysts have weighed in on the company. Zacks Investment Research lowered AlarmCom from a “buy” rating to a “hold” rating in a research report on Wednesday. Maxim Group reissued a “buy” rating and set a $79.00 price target on shares of AlarmCom in a report on Thursday, February 27th. BidaskClub upgraded shares of AlarmCom from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Imperial Capital upped their price target on shares of AlarmCom from $57.00 to $59.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Finally, ValuEngine raised shares of AlarmCom from a “hold” rating to a “buy” rating in a report on Friday, March 20th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. AlarmCom presently has a consensus rating of “Buy” and a consensus target price of $66.30.

AlarmCom stock traded up $2.61 during mid-day trading on Thursday, hitting $42.44. 710,300 shares of the company’s stock traded hands, compared to its average volume of 563,507. AlarmCom Hldg Inc has a one year low of $32.00 and a one year high of $71.50. The firm has a 50 day moving average price of $43.75 and a 200 day moving average price of $44.98. The company has a market cap of $2.08 billion, a PE ratio of 40.04, a price-to-earnings-growth ratio of 3.01 and a beta of 1.06.

AlarmCom (NASDAQ:ALRM) last issued its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.10. AlarmCom had a negative return on equity of 194.90% and a net margin of 10.66%. The company had revenue of $140.49 million for the quarter, compared to analyst estimates of $113.63 million. During the same period last year, the company earned $0.29 earnings per share. The company’s quarterly revenue was up 26.1% compared to the same quarter last year. Sell-side analysts forecast that AlarmCom Hldg Inc will post 1.09 earnings per share for the current year.

AlarmCom 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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