Arrowstreet Capital Limited Partnership Raises Stock Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Arrowstreet Capital Limited Partnership grew its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 120.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 400,810 shares of the software maker's stock after buying an additional 219,203 shares during the period. Arrowstreet Capital Limited Partnership owned 0.81% of Alarm.com worth $24,369,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allianz SE acquired a new stake in Alarm.com during the 4th quarter valued at $948,000. denkapparat Operations GmbH bought a new position in shares of Alarm.com during the fourth quarter worth about $208,000. New Age Alpha Advisors LLC acquired a new position in shares of Alarm.com in the 4th quarter worth approximately $170,000. Norges Bank bought a new stake in Alarm.com during the fourth quarter valued at $34,841,000. Finally, WINTON GROUP Ltd raised its stake in Alarm.com by 30.9% during the fourth quarter. WINTON GROUP Ltd now owns 17,398 shares of the software maker's stock worth $1,058,000 after acquiring an additional 4,109 shares during the period. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Stephen Trundle sold 1,553 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total value of $86,175.97. Following the completion of the sale, the chief executive officer now directly owns 251,129 shares in the company, valued at approximately $13,935,148.21. The trade was a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Steve Valenzuela sold 3,436 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $2,191,875. This represents a 8.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,921 shares of company stock worth $338,727 over the last ninety days. Insiders own 5.60% of the company's stock.

Alarm.com Price Performance

ALRM stock traded down $0.89 during trading on Tuesday, hitting $49.56. The company had a trading volume of 592,565 shares, compared to its average volume of 410,171. 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 company has a market cap of $2.46 billion, a P/E ratio of 21.64, a P/E/G ratio of 3.59 and a beta of 1.03. Alarm.com Holdings, Inc. has a fifty-two week low of $48.23 and a fifty-two week high of $71.98. The company has a fifty day moving average price of $58.61 and a two-hundred day moving average price of $59.30.

Alarm.com (NASDAQ:ALRM - Get Free Report) last issued 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 during 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%. Equities research analysts expect that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

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 assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target 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.