Catalyst Capital Advisors LLC trimmed its stake in shares of AlarmCom Hldg Inc (NASDAQ:ALRM) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,066 shares of the software maker’s stock after selling 734 shares during the quarter. Catalyst Capital Advisors LLC owned approximately 0.06% of AlarmCom worth $1,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale lifted its holdings in AlarmCom by 202.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,302 shares of the software maker’s stock worth $128,000 after buying an additional 1,542 shares during the period. Winslow Evans & Crocker Inc. purchased a new stake in AlarmCom in the 4th quarter worth approximately $130,000. We Are One Seven LLC purchased a new stake in AlarmCom in the 4th quarter worth approximately $167,000. Modera Wealth Management LLC purchased a new stake in AlarmCom in the 3rd quarter worth approximately $210,000. Finally, Riverhead Capital Management LLC lifted its holdings in AlarmCom by 168.8% in the 3rd quarter. Riverhead Capital Management LLC now owns 4,300 shares of the software maker’s stock worth $247,000 after buying an additional 2,700 shares during the period. Institutional investors and hedge funds own 94.67% of the company’s stock.
ALRM has been the subject of several research analyst reports. Jefferies Financial Group increased their price objective on AlarmCom to $60.00 and gave the stock a “buy” rating in a report on Thursday, November 8th. ValuEngine upgraded AlarmCom from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 4th. Zacks Investment Research upgraded AlarmCom from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Tuesday, January 1st. BidaskClub upgraded AlarmCom from a “hold” rating to a “buy” rating in a research note on Thursday, January 17th. Finally, Raymond James raised their target price on AlarmCom from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, November 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $55.55.
In other AlarmCom news, CEO Stephen Trundle sold 18,800 shares of AlarmCom stock in a transaction on Monday, January 14th. The stock was sold at an average price of $55.11, for a total transaction of $1,036,068.00. Following the completion of the transaction, the chief executive officer now owns 218,514 shares in the company, valued at $12,042,306.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Steve Valenzuela sold 1,084 shares of AlarmCom stock in a transaction on Friday, February 1st. The shares were sold at an average price of $63.05, for a total value of $68,346.20. Following the transaction, the chief financial officer now owns 29,133 shares of the company’s stock, valued at approximately $1,836,835.65. The disclosure for this sale can be found here. Insiders have sold 82,221 shares of company stock valued at $4,400,514 in the last quarter. 37.10% of the stock is owned by company insiders.
Shares of NASDAQ:ALRM opened at $64.70 on Thursday. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 59.31, a P/E/G ratio of 3.35 and a beta of 1.48. AlarmCom Hldg Inc has a 12-month low of $33.39 and a 12-month high of $65.58.
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AlarmCom Company 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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