Prudential Financial Inc. Raises Stock Position in AlarmCom Hldg Inc (NASDAQ:ALRM)

Prudential Financial Inc. grew its holdings in AlarmCom Hldg Inc (NASDAQ:ALRM) by 3.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 61,115 shares of the software maker’s stock after acquiring an additional 2,059 shares during the period. Prudential Financial Inc. owned about 0.13% of AlarmCom worth $3,270,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Handelsinvest Investeringsforvaltning increased its stake in AlarmCom by 19.2% during the 2nd quarter. Handelsinvest Investeringsforvaltning now owns 65,000 shares of the software maker’s stock worth $3,478,000 after buying an additional 10,470 shares during the period. Alps Advisors Inc. increased its stake in AlarmCom by 40.6% during the 2nd quarter. Alps Advisors Inc. now owns 12,731 shares of the software maker’s stock worth $681,000 after buying an additional 3,676 shares during the period. Shaker Investments LLC OH increased its stake in AlarmCom by 13.1% during the 2nd quarter. Shaker Investments LLC OH now owns 36,125 shares of the software maker’s stock worth $1,933,000 after buying an additional 4,175 shares during the period. JPMorgan Chase & Co. increased its stake in AlarmCom by 87.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 89,603 shares of the software maker’s stock worth $4,741,000 after buying an additional 41,803 shares during the period. Finally, Wells Fargo & Company MN increased its stake in AlarmCom by 25.2% during the 2nd quarter. Wells Fargo & Company MN now owns 156,763 shares of the software maker’s stock worth $8,387,000 after buying an additional 31,592 shares during the period. 97.89% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Stephen Trundle sold 20,000 shares of AlarmCom stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $47.18, for a total value of $943,600.00. Following the completion of the transaction, the insider now directly owns 242,443 shares of the company’s stock, valued at approximately $11,438,460.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 26.00% of the stock is owned by company insiders.



ALRM stock traded down $0.05 during mid-day trading on Monday, hitting $49.76. 25,067 shares of the company were exchanged, compared to its average volume of 304,328. The company has a market capitalization of $2.42 billion, a PE ratio of 37.98, a price-to-earnings-growth ratio of 3.78 and a beta of 1.40. AlarmCom Hldg Inc has a twelve month low of $40.92 and a twelve month high of $71.50. The firm has a fifty day simple moving average of $48.13 and a 200 day simple moving average of $57.00.

AlarmCom (NASDAQ:ALRM) last announced its quarterly earnings data on Thursday, August 8th. The software maker reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.08. The company had revenue of $121.66 million during the quarter, compared to analyst estimates of $109.45 million. AlarmCom had a net margin of 5.05% and a negative return on equity of 98.00%. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the business earned $0.34 EPS. On average, equities research analysts expect that AlarmCom Hldg Inc will post 1.11 EPS for the current year.

Several equities research analysts recently issued reports on the stock. Credit Suisse Group dropped their price target on shares of AlarmCom from $70.00 to $62.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Roth Capital dropped their price target on shares of AlarmCom from $73.00 to $55.00 in a research note on Tuesday, July 16th. ValuEngine downgraded shares of AlarmCom from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Zacks Investment Research downgraded shares of AlarmCom from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th. Finally, Maxim Group reissued a “buy” rating and set a $79.00 price objective on shares of AlarmCom in a report on Friday, August 9th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $67.70.

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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Institutional Ownership by Quarter for AlarmCom (NASDAQ:ALRM)

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