Driehaus Capital Management LLC reduced its position in shares of AlarmCom Hldg Inc (NASDAQ:ALRM) by 67.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,260 shares of the software maker’s stock after selling 75,844 shares during the period. Driehaus Capital Management LLC owned 0.08% of AlarmCom worth $1,369,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in shares of AlarmCom in the third quarter worth approximately $109,000. Macquarie Group Ltd. acquired a new stake in shares of AlarmCom in the third quarter worth approximately $147,000. Jasper Ridge Partners L.P. acquired a new stake in shares of AlarmCom in the third quarter worth approximately $213,000. Janney Montgomery Scott LLC acquired a new stake in shares of AlarmCom in the third quarter worth approximately $230,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of AlarmCom in the fourth quarter worth approximately $216,000. 87.73% of the stock is currently owned by institutional investors.
In other AlarmCom news, insider Stephen Trundle sold 25,000 shares of the business’s stock in a transaction on 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Darius G. Nevin purchased 10,000 shares of AlarmCom stock in a transaction dated Friday, March 2nd. The shares were purchased at an average cost of $37.21 per share, with a total value of $372,100.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $372,100. The disclosure for this purchase can be found here. 46.80% of the stock is owned by insiders.
Several equities research analysts recently issued reports on ALRM shares. BidaskClub raised shares of AlarmCom from a “sell” rating to a “hold” rating in a research report on Friday, January 19th. Imperial Capital raised shares of AlarmCom from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $37.88 to $45.00 in a research report on Friday, February 16th. Raymond James Financial reaffirmed an “outperform” rating and set a $48.00 price target on shares of AlarmCom in a research report on Monday. Zacks Investment Research upgraded shares of AlarmCom from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Tuesday, February 27th. Finally, Jefferies Group upgraded shares of AlarmCom from a “hold” rating to a “buy” rating and dropped their price target for the stock from $44.00 to $43.00 in a research note on Thursday, January 18th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. AlarmCom has an average rating of “Buy” and a consensus target price of $48.20.
ALRM stock traded up $0.99 during mid-day trading on Wednesday, reaching $40.00. 279,294 shares of the company’s stock traded hands, compared to its average volume of 520,868. 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 12-month low of $29.70 and a 12-month high of $49.49. The company has a market capitalization of $1,822.15, a price-to-earnings ratio of 65.02, a price-to-earnings-growth ratio of 2.53 and a beta of 1.19.
ILLEGAL ACTIVITY NOTICE: This story was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://ledgergazette.com/2018/03/21/driehaus-capital-management-llc-has-1-37-million-stake-in-alarmcom-hldg-inc-alrm.html.
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.
Receive News & Ratings for AlarmCom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AlarmCom and related companies with MarketBeat.com's FREE daily email newsletter.