Connor Clark & Lunn Investment Management Ltd. Has $13.34 Million Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Connor Clark & Lunn Investment Management Ltd. raised its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 31.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 219,456 shares of the software maker's stock after purchasing an additional 52,062 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.44% of Alarm.com worth $13,343,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atria Investments Inc increased its holdings in shares of Alarm.com by 14.7% in the 3rd quarter. Atria Investments Inc now owns 6,640 shares of the software maker's stock worth $363,000 after acquiring an additional 853 shares during the period. State of New Jersey Common Pension Fund D boosted its position in shares of Alarm.com by 18.2% during the third quarter. State of New Jersey Common Pension Fund D now owns 33,137 shares of the software maker's stock worth $1,812,000 after buying an additional 5,110 shares during the period. Entropy Technologies LP bought a new position in Alarm.com in the 3rd quarter worth approximately $223,000. GSA Capital Partners LLP increased its position in Alarm.com by 350.5% in the 3rd 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 during the period. Finally, Victory Capital Management Inc. raised its stake in Alarm.com by 369.7% during the 3rd 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. Institutional investors own 91.74% of the company's stock.

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Insider Transactions at Alarm.com

In other Alarm.com news, CFO Steve Valenzuela sold 3,436 shares of Alarm.com stock in a transaction dated Wednesday, March 12th. The stock was 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 in the company, valued at $2,191,875. The trade was a 8.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.60% of the stock is currently owned by insiders.

Alarm.com Stock Performance

Shares of ALRM traded up $0.88 during mid-day trading on Wednesday, reaching $59.27. The company's stock had a trading volume of 478,990 shares, compared to its average volume of 382,440. The business has a 50-day simple moving average of $60.60 and a two-hundred day simple moving average of $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 cap of $2.94 billion, a P/E ratio of 25.88, 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 $74.97.

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 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, equities research analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Alarm.com from a "hold" rating to a "buy" rating in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Alarm.com currently has an average rating of "Hold" and a consensus 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.