Cibc World Markets Corp Makes New $269,000 Investment in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Cibc World Markets Corp bought a new stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,430 shares of the software maker's stock, valued at approximately $269,000.

Other large investors also recently bought and sold shares of the company. Daiwa Securities Group Inc. raised its stake in Alarm.com by 8.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,670 shares of the software maker's stock valued at $162,000 after buying an additional 200 shares in the last quarter. GAMMA Investing LLC grew its position in Alarm.com by 29.5% during the 4th quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker's stock worth $64,000 after purchasing an additional 238 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Alarm.com in the fourth quarter valued at $25,000. Quarry LP raised its holdings in shares of Alarm.com by 291.7% in the third quarter. Quarry LP now owns 705 shares of the software maker's stock valued at $39,000 after buying an additional 525 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Alarm.com by 134.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker's stock worth $57,000 after buying an additional 539 shares during the period. Institutional investors and hedge funds own 91.74% of the company's stock.

Insiders Place Their Bets

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

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Alarm.com Stock Performance

Shares of Alarm.com stock traded down $1.78 on Friday, reaching $55.81. 259,772 shares of the stock were exchanged, compared to its average volume of 403,826. 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 firm has a market capitalization of $2.77 billion, a PE ratio of 24.37, a PEG ratio of 3.59 and a beta of 1.10. Alarm.com Holdings, Inc. has a 1-year low of $51.87 and a 1-year high of $72.37. The business has a fifty day moving average price of $60.10 and a two-hundred day moving average price of $59.41.

Alarm.com (NASDAQ:ALRM - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The software maker reported $0.47 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $237.44 million. As a group, research analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded 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 given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Alarm.com presently has a consensus rating of "Hold" and an average price target of $64.40.

About Alarm.com

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.