Brown Advisory Inc. lessened its holdings in shares of AlarmCom Hldg Inc (NASDAQ:ALRM) by 77.9% in the fourth quarter, HoldingsChannel reports. The firm owned 166,813 shares of the software maker’s stock after selling 586,440 shares during the period. Brown Advisory Inc.’s holdings in AlarmCom were worth $8,653,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ALRM. DekaBank Deutsche Girozentrale grew its position in shares of 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 acquiring an additional 1,542 shares in the last quarter. Winslow Evans & Crocker Inc. acquired a new position in shares of AlarmCom in the 4th quarter worth approximately $130,000. We Are One Seven LLC acquired a new position in shares of AlarmCom in the 4th quarter worth approximately $167,000. Modera Wealth Management LLC acquired a new position in shares of AlarmCom in the 3rd quarter worth approximately $210,000. Finally, Riverhead Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 2,700 shares during the last quarter. Hedge funds and other institutional investors own 96.93% of the company’s stock.

Shares of AlarmCom stock opened at $60.99 on Friday. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 46.56, a price-to-earnings-growth ratio of 3.15 and a beta of 1.47. AlarmCom Hldg Inc has a 1-year low of $36.28 and a 1-year high of $65.85.

ALRM has been the topic of several recent research reports. BidaskClub raised AlarmCom from a “hold” rating to a “buy” rating in a report on Saturday, December 8th. ValuEngine raised AlarmCom from a “buy” rating to a “strong-buy” rating in a report on Monday, February 4th. Zacks Investment Research raised AlarmCom from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Wednesday, January 9th. Raymond James raised their price target on AlarmCom from $58.00 to $70.00 and gave the stock a “strong-buy” rating in a report on Friday, March 1st. Finally, Maxim Group reissued a “buy” rating and issued a $74.00 price target (up previously from $69.00) on shares of AlarmCom in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. AlarmCom presently has an average rating of “Buy” and an average target price of $57.09.

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 sale, the chief executive officer now owns 218,514 shares of the company’s stock, valued at approximately $12,042,306.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Steve Valenzuela sold 1,083 shares of AlarmCom stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $51.11, for a total value of $55,352.13. The disclosure for this sale can be found here. Insiders have sold a total of 52,050 shares of company stock worth $2,888,429 in the last ninety days. 37.10% of the stock is owned by company insiders.

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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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Institutional Ownership by Quarter for AlarmCom (NASDAQ:ALRM)

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