Motley Fool Asset Management LLC Boosts Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Motley Fool Asset Management LLC lifted its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 9.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 168,403 shares of the software maker's stock after purchasing an additional 15,029 shares during the period. Motley Fool Asset Management LLC owned about 0.34% of Alarm.com worth $10,239,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in Alarm.com by 4.5% during the 4th quarter. Principal Financial Group Inc. now owns 265,301 shares of the software maker's stock worth $16,130,000 after acquiring an additional 11,531 shares in the last quarter. Atomi Financial Group Inc. purchased a new stake in shares of Alarm.com during the fourth quarter valued at about $259,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Alarm.com in the 3rd quarter valued at about $1,322,000. Charles Schwab Investment Management Inc. raised its stake in shares of Alarm.com by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 521,543 shares of the software maker's stock worth $28,513,000 after acquiring an additional 7,567 shares in the last quarter. Finally, KBC Group NV lifted its position in Alarm.com by 47.9% during the fourth quarter. KBC Group NV now owns 1,920 shares of the software maker's stock valued at $117,000 after acquiring an additional 622 shares during the last quarter. Institutional investors own 91.74% of the company's stock.

Alarm.com Stock Performance

Alarm.com stock traded up $0.24 during trading hours on Tuesday, hitting $50.69. 108,920 shares of the stock traded hands, compared to its average volume of 407,866. The firm's 50 day moving average price is $59.10 and its 200-day moving average price is $59.41. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 22.21, a P/E/G ratio of 3.59 and a beta of 1.03. Alarm.com Holdings, Inc. has a 1 year low of $48.23 and a 1 year 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 the consensus estimate 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 return on equity of 13.55% and a net margin of 13.21%. As a group, equities analysts expect that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

Insider Activity

In other news, insider Daniel Kerzner sold 932 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total value of $51,716.68. Following the transaction, the insider now directly 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 filing with the SEC, which is available at this link. Also, CFO Steve Valenzuela sold 3,436 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were 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 of the company's stock, valued at approximately $2,191,875. This represents a 8.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,921 shares of company stock worth $338,727 over the last quarter. 5.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Alarm.com Company 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.