Bank of America Corp DE Has $22.83 Million Stake in AlarmCom Hldg Inc (ALRM)

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Bank of America Corp DE lifted its position in shares of AlarmCom Hldg Inc (NASDAQ:ALRM) by 13.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 440,105 shares of the software maker’s stock after purchasing an additional 51,878 shares during the period. Bank of America Corp DE owned 0.92% of AlarmCom worth $22,829,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Prudential Financial Inc. boosted its stake in AlarmCom by 35.4% in the third quarter. Prudential Financial Inc. now owns 58,030 shares of the software maker’s stock worth $3,331,000 after purchasing an additional 15,160 shares in the last quarter. Rhumbline Advisers boosted its stake in AlarmCom by 18.4% in the third quarter. Rhumbline Advisers now owns 76,418 shares of the software maker’s stock worth $4,386,000 after purchasing an additional 11,887 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in AlarmCom by 56.8% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,312 shares of the software maker’s stock worth $477,000 after purchasing an additional 3,010 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in AlarmCom by 24.6% in the third quarter. Bank of New York Mellon Corp now owns 503,485 shares of the software maker’s stock worth $28,899,000 after purchasing an additional 99,346 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in AlarmCom by 9.8% in the third quarter. PNC Financial Services Group Inc. now owns 71,948 shares of the software maker’s stock worth $4,130,000 after purchasing an additional 6,440 shares in the last quarter. Institutional investors own 97.91% of the company’s stock.

A number of equities analysts have commented on the company. Zacks Investment Research lowered AlarmCom from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 6th. BidaskClub raised AlarmCom from a “hold” rating to a “buy” rating in a research note on Saturday, December 8th. ValuEngine raised AlarmCom from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 4th. Raymond James boosted their price objective on AlarmCom from $58.00 to $70.00 and gave the stock a “strong-buy” rating in a research note on Friday, March 1st. Finally, Maxim Group reissued a “buy” rating and issued a $74.00 price objective (up previously from $69.00) on shares of AlarmCom in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. AlarmCom presently has an average rating of “Buy” and a consensus price target of $57.09.

In other news, insider Daniel Kerzner sold 758 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $64.63, for a total transaction of $48,989.54. Following the completion of the sale, the insider now owns 39,133 shares in the company, valued at $2,529,165.79. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Stephen Trundle sold 30,000 shares of the business’s stock in a transaction on Wednesday, January 16th. The stock was sold at an average price of $55.42, for a total value of $1,662,600.00. Following the sale, the insider now owns 218,514 shares of the company’s stock, valued at approximately $12,110,045.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,289 shares of company stock valued at $3,177,894. 37.10% of the stock is currently owned by corporate insiders.

ALRM stock opened at $65.59 on Thursday. The firm has a market cap of $3.17 billion, a PE ratio of 50.07, a PEG ratio of 3.39 and a beta of 1.46. AlarmCom Hldg Inc has a twelve month low of $36.28 and a twelve month high of $66.43.

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About AlarmCom

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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