Sei Investments Co. Raises Stock Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Sei Investments Co. boosted its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 7.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 205,440 shares of the software maker's stock after purchasing an additional 14,811 shares during the quarter. Sei Investments Co. owned approximately 0.42% of Alarm.com worth $12,491,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ALRM. SBI Securities Co. Ltd. purchased a new stake in shares of Alarm.com during the fourth quarter worth approximately $25,000. Quarry LP grew its holdings in Alarm.com by 291.7% during the 3rd quarter. Quarry LP now owns 705 shares of the software maker's stock worth $39,000 after acquiring an additional 525 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Alarm.com by 134.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker's stock worth $57,000 after acquiring an additional 539 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Alarm.com by 305.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker's stock valued at $63,000 after purchasing an additional 779 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Alarm.com by 29.5% in the 4th quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker's stock valued at $64,000 after purchasing an additional 238 shares in the last quarter. Institutional investors and hedge funds own 91.74% of the company's stock.

Alarm.com Stock Performance

Shares of NASDAQ ALRM traded down $3.25 during midday trading on Thursday, reaching $52.50. 449,323 shares of the company were exchanged, compared to its average volume of 405,608. Alarm.com Holdings, Inc. has a 1 year low of $51.87 and a 1 year high of $71.98. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35. The stock has a fifty day simple moving average of $59.54 and a 200 day simple moving average of $59.39. The stock has a market cap of $2.61 billion, a P/E ratio of 22.93, a PEG ratio of 3.59 and a beta of 1.03.

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 the consensus estimate of $0.53 by ($0.06). Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. The firm had revenue of $242.24 million during the quarter, compared to analyst estimates of $237.44 million. On average, research analysts forecast that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Alarm.com

In other news, CFO Steve Valenzuela sold 3,436 shares of Alarm.com stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total value of $200,834.20. Following the completion of the sale, the chief financial officer now owns 37,500 shares of the company's stock, valued at $2,191,875. The trade was a 8.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.60% of the stock is owned by corporate insiders.

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.