Zacks Investment Research cut shares of AlarmCom (NASDAQ:ALRM) from a buy rating to a hold rating in a report published on Monday.
According to Zacks, “Alarm.com Holdings, Inc. offers interactive security solutions for home and business owners. The Company offers security systems which include image sensor, crash and smash protection, web control, mobile access and video monitoring. Alarm.com Holdings, Inc. is based in VIENNA, United States. “
Other equities research analysts also recently issued research reports about the stock. Jefferies Group raised shares of AlarmCom from a hold rating to a buy rating and dropped their price target for the stock from $44.00 to $43.00 in a research note on Thursday, January 18th. BidaskClub raised shares of AlarmCom from a hold rating to a buy rating in a research note on Friday. Maxim Group reaffirmed a buy rating and set a $57.00 price target on shares of AlarmCom in a research note on Tuesday, November 21st. Northland Securities set a $51.00 price target on shares of AlarmCom and gave the stock a buy rating in a research note on Thursday, November 16th. Finally, Stifel Nicolaus reaffirmed a hold rating and set a $38.00 price target (up previously from $34.00) on shares of AlarmCom in a research note on Thursday, November 9th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $46.80.
In other news, insider Timothy P. Mcadam sold 20,407 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $36.78, for a total value of $750,569.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hugh Panero sold 16,114 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $37.26, for a total transaction of $600,407.64. Following the completion of the sale, the director now directly owns 58,615 shares of the company’s stock, valued at approximately $2,183,994.90. The disclosure for this sale can be found here. Insiders sold a total of 158,406 shares of company stock valued at $6,518,901 in the last three months. Insiders own 46.80% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its position in shares of AlarmCom by 10.8% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 16,549 shares of the software maker’s stock worth $625,000 after purchasing an additional 1,610 shares during the last quarter. Blueport Capital L.P. increased its position in shares of AlarmCom by 19.6% in the 4th quarter. Blueport Capital L.P. now owns 10,788 shares of the software maker’s stock worth $407,000 after purchasing an additional 1,771 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of AlarmCom in the 3rd quarter worth about $109,000. First Republic Investment Management Inc. increased its position in shares of AlarmCom by 27.5% in the 3rd quarter. First Republic Investment Management Inc. now owns 11,413 shares of the software maker’s stock worth $516,000 after purchasing an additional 2,460 shares during the last quarter. Finally, Global X MANAGEMENT CO LLC increased its position in shares of AlarmCom by 16.8% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 20,386 shares of the software maker’s stock worth $921,000 after purchasing an additional 2,926 shares during the last quarter. 87.90% of the stock is owned by institutional investors.
AlarmCom Company Profile
Alarm.com Holdings, Inc is a platform solution for the connected property. The Company offers a suite of cloud-based solutions for the smart home and business, including interactive security, video monitoring, intelligent automation and energy management. The Company operates through two segments: Alarm.com and Other.
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