Dragoneer Investment Group Lowers stake in AlarmCom Hldg Inc (ALRM)

AlarmCom Hldg Inc (ALRM) : Dragoneer Investment Group reduced its stake in AlarmCom Hldg Inc by 11.45% during the most recent quarter end. The investment management company now holds a total of 619,723 shares of AlarmCom Hldg Inc which is valued at $20,060,434 after selling 80,162 shares in AlarmCom Hldg Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.AlarmCom Hldg Inc makes up approximately 4.63% of Dragoneer Investment Group’s portfolio.

Other Hedge Funds, Including , Schwab Charles Investment Management Inc boosted its stake in ALRM in the latest quarter, The investment management firm added 13,210 additional shares and now holds a total of 37,260 shares of AlarmCom Hldg Inc which is valued at $1,206,106. Citadel Advisors added ALRM to its portfolio by purchasing 14,861 company shares during the most recent quarter which is valued at $448,356.Blackrock Investment Management reduced its stake in ALRM by selling 102 shares or 0.27% in the most recent quarter. The Hedge Fund company now holds 38,113 shares of ALRM which is valued at $1,135,005.Rhumbline Advisers boosted its stake in ALRM in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 9,533 shares of AlarmCom Hldg Inc which is valued at $283,893.

AlarmCom Hldg Inc closed down -0.07 points or -0.24% at $29.39 with 1,87,824 shares getting traded on Monday. Post opening the session at $29.41, the shares hit an intraday low of $29.0152 and an intraday high of $29.5 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, AlarmCom Hldg Inc reported $0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Nov 14, 2016. Analyst had a consensus of $0.11. The company had revenue of $67.80 million for the quarter, compared to analysts expectations of $59.73 million. The company’s revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS.

Many Wall Street Analysts have commented on AlarmCom Hldg Inc. ROTH Capital Initiated AlarmCom Hldg Inc on Oct 3, 2016 to “Buy”, Price Target of the shares are set at $33.50.Company shares were Reiterated by Imperial Capital on Aug 17, 2016 to “In-line”, Firm has raised the Price Target to $ 30 from a previous price target of $24.50 .

Alarm.com Holdings Inc. is a platform solution for the connected home. The Company through its cloud-based services makes connected home technology accessible to millions of home and business owners. The Company’s multi-tenant software-as-a-service (SaaS) platform enables home and business owners to secure their properties and automate and control an array of connected devices through a single intuitive user interface. The Company offers four primary solutions which include interactive security intelligent automation video monitoring and energy management. The Company offers a suite of enterprise-grade business management solutions to its service providers which include service provider portal installation and support business management and sales marketing and training. The Company is also engaged in the design and manufacturing of various types of hardware including cellular communication modules image sensor video cameras and smart thermostat.

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