Renaissance Technologies LLC Cuts Position in AlarmCom Hldg Inc (ALRM)

Renaissance Technologies LLC reduced its stake in AlarmCom Hldg Inc (NASDAQ:ALRM) by 51.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,100 shares of the software maker’s stock after selling 171,100 shares during the quarter. Renaissance Technologies LLC owned 0.34% of AlarmCom worth $6,119,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ALRM. BlackRock Inc. lifted its position in AlarmCom by 116.3% in the 4th quarter. BlackRock Inc. now owns 2,885,799 shares of the software maker’s stock valued at $108,938,000 after acquiring an additional 1,551,418 shares in the last quarter. Brown Advisory Inc. lifted its position in AlarmCom by 501.2% in the 4th quarter. Brown Advisory Inc. now owns 820,167 shares of the software maker’s stock valued at $30,961,000 after acquiring an additional 683,743 shares in the last quarter. Centaurus Financial Inc. bought a new stake in AlarmCom in the 4th quarter valued at $9,146,000. Wells Fargo & Company MN lifted its position in AlarmCom by 223.5% in the 4th quarter. Wells Fargo & Company MN now owns 341,529 shares of the software maker’s stock valued at $12,892,000 after acquiring an additional 235,947 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in AlarmCom by 34.3% in the 4th quarter. Bank of New York Mellon Corp now owns 514,404 shares of the software maker’s stock valued at $19,420,000 after acquiring an additional 131,399 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently commented on the stock. Raymond James Financial reaffirmed an “outperform” rating and issued a $48.00 price objective on shares of AlarmCom in a research report on Monday, March 19th. Maxim Group reaffirmed a “buy” rating and issued a $59.00 price objective on shares of AlarmCom in a research report on Thursday, March 22nd. BidaskClub lowered shares of AlarmCom from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Zacks Investment Research lowered shares of AlarmCom from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Finally, Jefferies Group upgraded shares of AlarmCom from a “hold” rating to a “buy” rating and lowered their price target for the company from $44.00 to $43.00 in a research note on Thursday, January 18th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $48.20.



In other news, insider Stephen Trundle sold 25,000 shares of the business’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $39.11, for a total transaction of $977,750.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Darius G. Nevin acquired 10,000 shares of the stock in a transaction dated Friday, March 2nd. The shares were purchased at an average price of $37.21 per share, for a total transaction of $372,100.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $372,100. The disclosure for this purchase can be found here. 78.50% of the stock is currently owned by insiders.

Shares of ALRM stock opened at $39.46 on Friday. The company has a current ratio of 3.68, a quick ratio of 3.37 and a debt-to-equity ratio of -0.80. AlarmCom Hldg Inc has a 1 year low of $30.88 and a 1 year high of $49.49. The firm has a market capitalization of $1,836.78, a price-to-earnings ratio of 41.84, a price-to-earnings-growth ratio of 2.53 and a beta of 1.13.

AlarmCom (NASDAQ:ALRM) last issued its quarterly earnings results on Tuesday, February 27th. The software maker reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). AlarmCom had a net margin of 8.63% and a negative return on equity of 47.29%. The business had revenue of $88.79 million during the quarter, compared to analyst estimates of $83.50 million. research analysts expect that AlarmCom Hldg Inc will post 0.98 EPS for the current year.

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About AlarmCom

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.

Institutional Ownership by Quarter for AlarmCom (NASDAQ:ALRM)

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