Dark Forest Capital Management LP Makes New Investment in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Dark Forest Capital Management LP purchased a new stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,755 shares of the software maker's stock, valued at approximately $532,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in Alarm.com by 4.5% in the 4th quarter. Principal Financial Group Inc. now owns 265,301 shares of the software maker's stock valued at $16,130,000 after purchasing an additional 11,531 shares during the last quarter. Atomi Financial Group Inc. acquired a new stake in shares of Alarm.com in the fourth quarter valued at $259,000. KBC Group NV raised its holdings in shares of Alarm.com by 47.9% in the 4th quarter. KBC Group NV now owns 1,920 shares of the software maker's stock valued at $117,000 after buying an additional 622 shares during the period. Barclays PLC lifted its stake in Alarm.com by 323.2% during the 3rd quarter. Barclays PLC now owns 91,402 shares of the software maker's stock worth $4,997,000 after acquiring an additional 69,804 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Alarm.com by 2.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 391,212 shares of the software maker's stock valued at $23,786,000 after acquiring an additional 9,935 shares during the period. 91.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Barclays cut their price target on shares of Alarm.com from $67.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group cut their target price on shares of Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. One equities research 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. Based on data from MarketBeat.com, Alarm.com has an average rating of "Hold" and a consensus price target of $61.20.

Alarm.com Stock Performance

Shares of Alarm.com stock opened at $53.04 on Friday. The business has a 50-day simple moving average of $55.54 and a 200-day simple moving average of $58.99. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. Alarm.com Holdings, Inc. has a one year low of $48.23 and a one year high of $71.98. The company has a market cap of $2.63 billion, a PE ratio of 23.16, a P/E/G ratio of 3.59 and a beta of 1.03.

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 return on equity of 13.55% and a net margin of 13.21%. The firm had revenue of $242.24 million for the quarter, compared to analyst estimates of $237.44 million. On average, equities research analysts forecast that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

Insider Buying and Selling

In other Alarm.com news, CEO Stephen Trundle sold 1,553 shares of Alarm.com stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total transaction of $86,175.97. Following the completion of the sale, the chief executive officer now directly owns 251,129 shares of the company's stock, valued at $13,935,148.21. The trade was a 0.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel Kerzner sold 932 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total value of $51,716.68. Following the completion of the transaction, the insider now owns 58,736 shares in the company, valued at approximately $3,259,260.64. The trade was a 1.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,921 shares of company stock worth $338,727. Corporate insiders own 5.60% of the company's stock.

Alarm.com 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.

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