Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Bought by Amundi

Amundi grew its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 37.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,419 shares of the software maker's stock after purchasing an additional 4,465 shares during the quarter. Amundi's holdings in Alarm.com were worth $993,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its holdings in 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. Nicolet Advisory Services LLC lifted its stake in shares of Alarm.com by 6.0% during the third quarter. Nicolet Advisory Services LLC now owns 4,775 shares of the software maker's stock valued at $250,000 after buying an additional 272 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Alarm.com during the fourth quarter worth approximately $25,000. Quarry LP grew its stake in Alarm.com by 291.7% in the 3rd quarter. Quarry LP now owns 705 shares of the software maker's stock worth $39,000 after acquiring an additional 525 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in 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 last quarter. 91.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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 transaction, the chief financial officer now owns 37,500 shares of the company's stock, valued at approximately $2,191,875. This trade represents a 8.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 5.60% of the company's stock.

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Analysts Set New Price Targets

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

Alarm.com Trading Down 0.7 %

NASDAQ:ALRM traded down $0.40 during trading hours on Friday, reaching $56.54. 653,709 shares of the company were exchanged, compared to its average volume of 385,938. Alarm.com Holdings, Inc. has a 52-week low of $51.87 and a 52-week high of $74.25. The stock has a 50 day simple moving average of $60.45 and a 200 day simple moving average of $59.37. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 3.59 and a beta of 1.10. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38.

Alarm.com (NASDAQ:ALRM - Get Free Report) last issued its 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). 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 analysts' expectations of $237.44 million. As a group, analysts predict that Alarm.com Holdings, Inc. will post 1.64 EPS for the current 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.