Edgestream Partners L.P. Makes New $2.08 Million Investment in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Edgestream Partners L.P. purchased a new position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 34,252 shares of the software maker's stock, valued at approximately $2,083,000. Edgestream Partners L.P. owned 0.07% of Alarm.com as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of ALRM. SBI Securities Co. Ltd. acquired a new stake in Alarm.com during the fourth quarter worth approximately $25,000. Quarry LP grew its holdings in shares of Alarm.com by 291.7% during the 3rd quarter. Quarry LP now owns 705 shares of the software maker's stock worth $39,000 after purchasing an additional 525 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Alarm.com by 134.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker's stock worth $57,000 after purchasing an additional 539 shares during the period. Huntington National Bank raised its stake in Alarm.com by 52.4% in the third quarter. Huntington National Bank now owns 1,068 shares of the software maker's stock valued at $58,000 after purchasing an additional 367 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in Alarm.com by 305.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker's stock worth $63,000 after buying an additional 779 shares in the last quarter. Institutional investors and hedge funds own 91.74% of the company's stock.

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Analysts Set New Price Targets

Separately, StockNews.com raised shares of Alarm.com from a "hold" rating to a "buy" rating in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $64.40.

Insiders Place Their Bets

In related news, insider Daniel Kerzner sold 32,851 shares of Alarm.com stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $66.40, for a total value of $2,181,306.40. Following the transaction, the insider now directly owns 59,668 shares of the company's stock, valued at $3,961,955.20. The trade was a 35.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.60% of the company's stock.

Alarm.com Trading Down 1.4 %

Shares of NASDAQ:ALRM traded down $0.80 during midday trading on Thursday, hitting $58.02. 510,593 shares of the stock were exchanged, compared to its average volume of 379,948. The business's 50-day moving average price is $60.75 and its 200 day moving average price is $59.43. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 25.34, a P/E/G ratio of 3.59 and a beta of 1.10. Alarm.com Holdings, Inc. has a 12 month low of $51.87 and a 12 month high of $75.39. 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 (NASDAQ:ALRM - Get Free Report) last posted its earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.06). The business had revenue of $242.24 million for the quarter, compared to the consensus estimate of $237.44 million. Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. Analysts predict that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

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.