Barclays PLC Increases Stock Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Barclays PLC lifted its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 12.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,734 shares of the software maker's stock after acquiring an additional 11,332 shares during the period. Barclays PLC owned 0.21% of Alarm.com worth $6,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Alarm.com in the fourth quarter valued at about $34,841,000. Arrowstreet Capital Limited Partnership raised its holdings in Alarm.com by 120.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 400,810 shares of the software maker's stock valued at $24,369,000 after acquiring an additional 219,203 shares during the last quarter. Vanguard Group Inc. lifted its stake in Alarm.com by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 6,300,842 shares of the software maker's stock worth $383,091,000 after purchasing an additional 68,907 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Alarm.com by 31.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 219,456 shares of the software maker's stock worth $13,343,000 after purchasing an additional 52,062 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Alarm.com by 14.1% in the fourth quarter. Wells Fargo & Company MN now owns 375,233 shares of the software maker's stock valued at $22,814,000 after purchasing an additional 46,262 shares in the last quarter. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Alarm.com

In other news, insider Daniel Kerzner sold 932 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total value of $51,716.68. Following the completion of the transaction, the insider now owns 58,736 shares of the company's stock, valued at approximately $3,259,260.64. This trade represents a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 sale, the chief financial officer now directly owns 37,500 shares in the company, valued at approximately $2,191,875. The trade was a 8.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,921 shares of company stock worth $338,727. 5.60% of the stock is currently owned by company insiders.

Alarm.com Trading Up 1.0 %

Shares of NASDAQ ALRM traded up $0.50 during mid-day trading on Friday, reaching $53.04. 283,492 shares of the company's stock were exchanged, compared to its average volume of 419,215. The company's 50-day moving average is $55.54 and its 200-day moving average is $59.07. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 3.59 and a beta of 1.03. Alarm.com Holdings, Inc. has a 52-week low of $48.23 and a 52-week high of $71.98.

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

Wall Street Analyst Weigh In

ALRM has been the topic of a number of analyst reports. Barclays reduced their price objective on Alarm.com from $67.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group reduced their price target on Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $61.20.

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.