Charles Schwab Investment Management Inc. lifted its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 530,383 shares of the software maker's stock after acquiring an additional 8,840 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.07% of Alarm.com worth $32,247,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Disciplined Growth Investors Inc. MN raised its holdings in shares of Alarm.com by 6.0% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker's stock valued at $157,168,000 after purchasing an additional 163,851 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Alarm.com by 2.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 391,212 shares of the software maker's stock worth $23,786,000 after buying an additional 9,935 shares in the last quarter. DF Dent & Co. Inc. raised its stake in Alarm.com by 23.3% in the third quarter. DF Dent & Co. Inc. now owns 359,399 shares of the software maker's stock worth $19,648,000 after buying an additional 67,824 shares in the last quarter. Bank of Montreal Can lifted its holdings in Alarm.com by 18.0% during the third quarter. Bank of Montreal Can now owns 323,133 shares of the software maker's stock worth $17,879,000 after buying an additional 49,403 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Alarm.com by 4.5% during the 4th quarter. Principal Financial Group Inc. now owns 265,301 shares of the software maker's stock valued at $16,130,000 after acquiring an additional 11,531 shares in the last quarter. 91.74% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, CFO Steve Valenzuela sold 3,436 shares of the firm's 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 transaction, the chief financial officer now owns 37,500 shares in the company, valued at $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. 5.60% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Alarm.com from a "hold" rating to a "buy" rating in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Alarm.com has an average rating of "Hold" and a consensus target price of $64.40.
Read Our Latest Research Report on ALRM
Alarm.com Stock Down 3.9 %
Shares of ALRM traded down $2.34 during midday trading on Thursday, hitting $56.93. 168,411 shares of the company's stock traded hands, compared to its average volume of 382,320. Alarm.com Holdings, Inc. has a 1 year low of $51.87 and a 1 year high of $74.97. The firm's fifty day moving average is $60.58 and its 200-day moving average is $59.40. 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 market capitalization of $2.83 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 3.59 and a beta of 1.10.
Alarm.com (NASDAQ:ALRM - Get Free Report) last released its quarterly 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 net margin of 13.21% and a return on equity of 13.55%. The business had revenue of $242.24 million during the quarter, compared to analysts' expectations of $237.44 million. As a group, sell-side analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.
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.
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