Victory Capital Management Inc. Increases Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Victory Capital Management Inc. grew its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 27.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,393 shares of the software maker's stock after acquiring an additional 18,848 shares during the period. Victory Capital Management Inc. owned about 0.18% of Alarm.com worth $5,374,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in ALRM. Centaurus Financial Inc. lifted its position in shares of Alarm.com by 3.7% in the third quarter. Centaurus Financial Inc. now owns 236,644 shares of the software maker's stock worth $12,937,000 after buying an additional 8,456 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Alarm.com by 4.5% in the fourth quarter. Principal Financial Group Inc. now owns 265,301 shares of the software maker's stock worth $16,130,000 after buying an additional 11,531 shares in the last quarter. Atomi Financial Group Inc. purchased a new stake in shares of Alarm.com in the fourth quarter worth about $259,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Alarm.com in the third quarter worth about $1,322,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Alarm.com by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 521,543 shares of the software maker's stock worth $28,513,000 after buying an additional 7,567 shares in the last quarter. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Separately, StockNews.com upgraded Alarm.com from a "hold" rating to a "buy" rating in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Alarm.com has an average rating of "Hold" and an average target price of $64.40.

Insider Activity

In other news, CFO Steve Valenzuela sold 3,436 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total transaction of $200,834.20. Following the transaction, the chief financial officer now owns 37,500 shares of the company's stock, valued at approximately $2,191,875. This represents a 8.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 5.60% of the company's stock.

Alarm.com Trading Up 1.7 %

NASDAQ ALRM traded up $0.98 during trading hours on Wednesday, hitting $59.37. 141,018 shares of the company were exchanged, compared to its average volume of 381,860. The stock has a 50-day moving average price of $60.60 and a 200 day moving average price of $59.40. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35. Alarm.com Holdings, Inc. has a 52 week low of $51.87 and a 52 week high of $74.97. The stock has a market cap of $2.95 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 3.59 and a beta of 1.10.

Alarm.com (NASDAQ:ALRM - Get Free Report) last released its earnings results on Thursday, February 20th. The software maker reported $0.47 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.06). The business had revenue of $242.24 million for the quarter, compared to the consensus estimate of $237.44 million. Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. Analysts forecast that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Alarm.com Profile

Alarm.com Holdings, Inc provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets in North America and internationally. The company operates through two segments, Alarm.com and Other. It offers solutions to control and monitor security systems, as well as to IoT devices, including door locks, garage doors, thermostats, and video cameras; and video monitoring and analytics solutions, such as video analytics, escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts.