Aviso Financial Inc. Buys New Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Aviso Financial Inc. bought a new position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,250 shares of the software maker's stock, valued at approximately $806,000.

Several other institutional investors and hedge funds have also made changes to their positions in ALRM. Atria Investments Inc raised its holdings in shares of Alarm.com by 14.7% in the third quarter. Atria Investments Inc now owns 6,640 shares of the software maker's stock valued at $363,000 after acquiring an additional 853 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of Alarm.com by 18.2% in the third quarter. State of New Jersey Common Pension Fund D now owns 33,137 shares of the software maker's stock valued at $1,812,000 after acquiring an additional 5,110 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Alarm.com in the third quarter valued at about $223,000. GSA Capital Partners LLP raised its holdings in shares of Alarm.com by 350.5% in the third quarter. GSA Capital Partners LLP now owns 23,209 shares of the software maker's stock valued at $1,269,000 after acquiring an additional 18,057 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Alarm.com by 369.7% in the third quarter. Victory Capital Management Inc. now owns 69,545 shares of the software maker's stock valued at $3,802,000 after acquiring an additional 54,738 shares in the last quarter. 91.74% of the stock is currently owned by institutional investors.

Insider Transactions at Alarm.com

In other news, CFO Steve Valenzuela sold 3,436 shares of the business'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 owns 37,500 shares in the company, valued at approximately $2,191,875. The trade was a 8.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.60% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Alarm.com from a "hold" rating to a "buy" rating in a report 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 company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $64.40.

Alarm.com Stock Up 1.5 %

Alarm.com stock traded up $0.88 during trading hours on Wednesday, reaching $59.27. The stock had a trading volume of 478,990 shares, compared to its average volume of 382,440. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 25.88, 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. The business's 50 day moving average price is $60.60 and its 200-day moving average price is $59.40. Alarm.com Holdings, Inc. has a 52 week low of $51.87 and a 52 week high of $74.97.

Alarm.com (NASDAQ:ALRM - Get Free Report) last announced its earnings results on Thursday, February 20th. The software maker reported $0.47 EPS for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $237.44 million. Sell-side analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

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.