Fisher Asset Management LLC Has $15.46 Million Stock Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Fisher Asset Management LLC grew its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 9.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 254,216 shares of the software maker's stock after purchasing an additional 21,792 shares during the period. Fisher Asset Management LLC owned 0.51% of Alarm.com worth $15,456,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ALRM. Quarry LP raised its stake in Alarm.com by 291.7% during the third quarter. Quarry LP now owns 705 shares of the software maker's stock worth $39,000 after acquiring an additional 525 shares during the period. Nisa Investment Advisors LLC grew its holdings 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 valued at $57,000 after purchasing an additional 539 shares during the last quarter. Huntington National Bank raised its position in shares of Alarm.com by 52.4% during the 3rd quarter. Huntington National Bank now owns 1,068 shares of the software maker's stock worth $58,000 after purchasing an additional 367 shares during the period. GAMMA Investing LLC boosted 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 valued at $64,000 after purchasing an additional 238 shares during the period. Finally, Pacer Advisors Inc. grew its stake in Alarm.com by 50.1% during the 4th quarter. Pacer Advisors Inc. now owns 1,888 shares of the software maker's stock worth $115,000 after buying an additional 630 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors.

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Insider Activity

In other Alarm.com news, insider Daniel Kerzner sold 32,851 shares of the firm's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $66.40, for a total transaction of $2,181,306.40. Following the transaction, the insider now directly owns 59,668 shares in the company, valued at $3,961,955.20. This trade represents a 35.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen Trundle sold 47,500 shares of the company's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $68.18, for a total value of $3,238,550.00. Following the sale, the chief executive officer now owns 252,682 shares of the company's stock, valued at approximately $17,227,858.76. This trade represents a 15.82 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $50.00 price objective (down previously from $65.00) on shares of Alarm.com in a report on Monday, November 11th. The Goldman Sachs Group raised their target price on Alarm.com from $64.00 to $67.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. StockNews.com raised Alarm.com from a "hold" rating to a "buy" rating in a report on Wednesday, December 18th. Finally, Barclays upped their price objective on shares of Alarm.com from $60.00 to $67.00 and gave the company an "equal weight" rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Alarm.com presently has a consensus rating of "Hold" and an average target price of $64.40.

Alarm.com Stock Up 0.2 %

Shares of NASDAQ:ALRM traded up $0.09 during midday trading on Friday, hitting $58.92. 357,271 shares of the stock were exchanged, compared to its average volume of 331,872. The company has a market capitalization of $2.93 billion, a PE ratio of 25.73, a P/E/G ratio of 3.59 and a beta of 0.98. Alarm.com Holdings, Inc. has a 52-week low of $51.87 and a 52-week high of $76.34. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. The business's fifty day simple moving average is $60.96 and its two-hundred day simple moving average is $59.47.

Alarm.com (NASDAQ:ALRM - Get Free Report) last posted its quarterly 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 firm had revenue of $242.24 million for the quarter, compared to analysts' expectations of $237.44 million. Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. As a group, research analysts predict that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

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.