AlarmCom Hldg Inc (NASDAQ:ALRM) – Equities researchers at First Analysis issued their Q2 2018 earnings per share estimates for AlarmCom in a research report issued on Wednesday. First Analysis analyst anticipates that the software maker will post earnings of $0.28 per share for the quarter.
A number of other research firms have also recently issued reports on ALRM. Credit Suisse Group reaffirmed an “outperform” rating and issued a $52.00 price target (up from $46.00) on shares of AlarmCom in a report on Thursday, November 9th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $38.00 price target (up from $34.00) on shares of AlarmCom in a report on Thursday, November 9th. Maxim Group reaffirmed a “buy” rating and issued a $57.00 price target on shares of AlarmCom in a report on Tuesday, November 21st. Northland Securities set a $51.00 price target on AlarmCom and gave the company a “buy” rating in a report on Thursday, November 16th. Finally, BidaskClub raised AlarmCom from a “sell” rating to a “hold” rating in a report on Friday, January 19th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. AlarmCom currently has a consensus rating of “Buy” and an average target price of $46.80.
In other AlarmCom news, insider Timothy P. Mcadam sold 20,407 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $36.78, for a total transaction of $750,569.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 value of $600,407.64. Following the sale, the director now directly owns 58,615 shares of the company’s stock, valued at $2,183,994.90. The disclosure for this sale can be found here. Insiders own 78.50% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. increased its stake 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 valued at $625,000 after acquiring an additional 1,610 shares during the last quarter. Blueport Capital L.P. increased its stake 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 valued at $407,000 after acquiring 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 valued at about $109,000. First Republic Investment Management Inc. increased its stake 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 valued at $516,000 after acquiring an additional 2,460 shares during the last quarter. Finally, Global X MANAGEMENT CO LLC increased its stake 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 valued at $921,000 after acquiring an additional 2,926 shares during the last quarter. 87.90% of the stock is owned by hedge funds and other institutional investors.
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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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