Allianz SE bought a new position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 15,600 shares of the software maker's stock, valued at approximately $948,000.
Several other institutional investors and hedge funds also recently bought and sold shares of ALRM. Daiwa Securities Group Inc. grew its holdings in shares of Alarm.com by 8.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 2,670 shares of the software maker's stock worth $162,000 after purchasing an additional 200 shares during the period. GAMMA Investing LLC lifted its position in Alarm.com by 29.5% in the fourth quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker's stock valued at $64,000 after buying an additional 238 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Alarm.com during the fourth quarter worth about $25,000. Quarry LP increased its position in shares of Alarm.com by 291.7% during the third quarter. Quarry LP now owns 705 shares of the software maker's stock valued at $39,000 after acquiring an additional 525 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Alarm.com by 134.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker's stock valued at $57,000 after acquiring an additional 539 shares during the period. 91.74% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Alarm.com from a "hold" rating to a "buy" rating in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Alarm.com has an average rating of "Hold" and an average target price of $64.40.
Get Our Latest Stock Report on ALRM
Alarm.com Stock Down 3.0 %
Shares of ALRM stock traded down $1.57 during trading on Friday, reaching $50.93. The company's stock had a trading volume of 693,636 shares, compared to its average volume of 407,304. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 22.24, a P/E/G ratio of 3.59 and a beta of 1.03. Alarm.com Holdings, Inc. has a 1-year low of $47.88 and a 1-year high of $71.98. 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's 50-day moving average price is $59.33 and its 200 day moving average price is $59.36.
Alarm.com (NASDAQ:ALRM - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $237.44 million. Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. On average, research analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.
Insider Buying and Selling at Alarm.com
In other news, CFO Steve Valenzuela sold 3,436 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $58.45, for a total value 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. This trade represents a 8.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.60% of the stock is owned by corporate insiders.
About Alarm.com
(
Free Report)
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.
Featured Stories
Before you consider Alarm.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alarm.com wasn't on the list.
While Alarm.com currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
