Nwam LLC cut its stake in shares of AlarmCom Hldg Inc (NASDAQ:ALRM) by 10.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,100 shares of the software maker’s stock after selling 500 shares during the quarter. Nwam LLC’s holdings in AlarmCom were worth $266,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Redmond Asset Management LLC lifted its holdings in AlarmCom by 1.1% during the 4th quarter. Redmond Asset Management LLC now owns 16,009 shares of the software maker’s stock worth $830,000 after buying an additional 180 shares during the period. Raymond James & Associates lifted its holdings in AlarmCom by 0.3% during the 4th quarter. Raymond James & Associates now owns 70,971 shares of the software maker’s stock worth $3,681,000 after buying an additional 199 shares during the period. Victory Capital Management Inc. lifted its stake in shares of AlarmCom by 4.0% in the 4th quarter. Victory Capital Management Inc. now owns 6,938 shares of the software maker’s stock valued at $360,000 after purchasing an additional 270 shares during the period. Piedmont Investment Advisors Inc. lifted its stake in shares of AlarmCom by 4.1% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 8,273 shares of the software maker’s stock valued at $429,000 after purchasing an additional 324 shares during the period. Finally, Comerica Bank lifted its stake in shares of AlarmCom by 1.1% in the 4th quarter. Comerica Bank now owns 33,999 shares of the software maker’s stock valued at $2,131,000 after purchasing an additional 381 shares during the period. 97.16% of the stock is currently owned by hedge funds and other institutional investors.
ALRM stock traded down $5.73 during trading on Friday, reaching $63.95. 1,622,880 shares of the stock were exchanged, compared to its average volume of 301,692. AlarmCom Hldg Inc has a twelve month low of $36.28 and a twelve month high of $71.50. The company has a market cap of $3.37 billion, a P/E ratio of 48.81, a price-to-earnings-growth ratio of 4.55 and a beta of 1.46.
A number of brokerages have recently issued reports on ALRM. Maxim Group reissued a “buy” rating and issued a $79.00 price objective (up from $74.00) on shares of AlarmCom in a research note on Friday. Northland Securities reissued a “buy” rating and issued a $73.00 price objective on shares of AlarmCom in a research note on Friday. First Analysis downgraded AlarmCom from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the company from $70.00 to $75.00 in a research note on Friday. Bank of America reissued a “buy” rating and issued a $78.00 price objective (up from $67.00) on shares of AlarmCom in a research note on Friday, May 3rd. Finally, Roth Capital reissued a “neutral” rating and issued a $73.00 price objective on shares of AlarmCom in a research note on Monday, April 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $63.17.
In other AlarmCom news, VP Daniel Ramos sold 607 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $64.63, for a total transaction of $39,230.41. Following the completion of the sale, the vice president now directly owns 448,100 shares of the company’s stock, valued at approximately $28,960,703. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steve Valenzuela sold 1,084 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $71.07, for a total value of $77,039.88. Following the sale, the chief financial officer now directly owns 41,633 shares of the company’s stock, valued at $2,958,857.31. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,489 shares of company stock worth $2,811,169. 37.10% of the stock is owned by company insiders.
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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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