Alarm.com Holdings, Inc. (NASDAQ:ALRM) released its quarterly earnings data on Tuesday, August 8th. The software maker reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.14, Morningstar.com reports. The firm had revenue of $86 million for the quarter, compared to analyst estimates of $81.05 million. Alarm.com Holdings had a net margin of 6.50% and a negative return on equity of 35.68%. Alarm.com Holdings’s quarterly revenue was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.15 earnings per share. Alarm.com Holdings updated its FY17 guidance to $0.96-0.98 EPS.
Alarm.com Holdings (ALRM) traded up 1.16% on Friday, hitting $42.68. 384,321 shares of the company were exchanged. Alarm.com Holdings has a one year low of $24.52 and a one year high of $42.84. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 109.16 and a beta of 1.52. The stock has a 50 day moving average price of $38.61 and a 200 day moving average price of $33.53.
Several equities research analysts recently weighed in on the stock. Maxim Group reiterated a “buy” rating and set a $44.00 price objective on shares of Alarm.com Holdings in a research note on Wednesday, August 9th. Bank of America Corporation increased their price objective on shares of Alarm.com Holdings from $39.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Imperial Capital lowered shares of Alarm.com Holdings from an “outperform” rating to an “in-line” rating and raised their price target for the company from $40.00 to $45.00 in a research note on Thursday, August 10th. Zacks Investment Research upgraded shares of Alarm.com Holdings from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Monday, August 14th. Finally, BidaskClub upgraded shares of Alarm.com Holdings from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 9th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $43.11.
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In other Alarm.com Holdings news, VP Daniel Ramos sold 40,000 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $32.40, for a total value of $1,296,000.00. Following the completion of the transaction, the vice president now directly owns 162,404 shares of the company’s stock, valued at $5,261,889.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David Hutz sold 3,500 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $31.59, for a total transaction of $110,565.00. Following the completion of the transaction, the insider now directly owns 141,522 shares of the company’s stock, valued at $4,470,679.98. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 220,777 shares of company stock valued at $8,088,734. Insiders own 78.50% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Capital Fund Management S.A. acquired a new stake in Alarm.com Holdings during the first quarter worth $255,000. Parametric Portfolio Associates LLC increased its stake in Alarm.com Holdings by 15.3% in the first quarter. Parametric Portfolio Associates LLC now owns 32,269 shares of the software maker’s stock worth $992,000 after buying an additional 4,276 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Alarm.com Holdings during the first quarter worth $674,000. Highbridge Capital Management LLC acquired a new stake in Alarm.com Holdings during the first quarter worth $461,000. Finally, State Street Corp increased its stake in Alarm.com Holdings by 3.5% in the fourth quarter. State Street Corp now owns 164,475 shares of the software maker’s stock worth $4,574,000 after buying an additional 5,597 shares during the period. 78.52% of the stock is owned by institutional investors and hedge funds.
About Alarm.com Holdings
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.
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