Globeflex Capital L P purchased a new position in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,958 shares of the software maker's stock, valued at approximately $484,000.
Several other institutional investors also recently modified their holdings of ALRM. Daiwa Securities Group Inc. grew its holdings in shares of Alarm.com by 8.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 2,670 shares of the software maker's stock worth $162,000 after acquiring an additional 200 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Alarm.com by 29.5% in 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. Nicolet Advisory Services LLC increased its stake in Alarm.com by 6.0% in the 3rd quarter. Nicolet Advisory Services LLC now owns 4,775 shares of the software maker's stock worth $250,000 after purchasing an additional 272 shares in the last quarter. Huntington National Bank raised its holdings in 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 buying an additional 367 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in Alarm.com during the fourth quarter valued at about $25,000. Institutional investors own 91.74% of the company's stock.
Alarm.com Stock Up 1.5 %
Shares of ALRM traded up $0.88 during trading hours 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 company has a 50 day moving average of $60.60 and a two-hundred day moving average of $59.40. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 25.88, a P/E/G 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 data on Thursday, February 20th. The software maker reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.06). The company had revenue of $242.24 million during the quarter, compared to analyst estimates of $237.44 million. Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. As a group, research analysts predict that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of 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 assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Alarm.com currently has a consensus rating of "Hold" and an average target price of $64.40.
Check Out Our Latest Analysis on ALRM
Insider Buying and Selling at Alarm.com
In related 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 value of $200,834.20. Following the completion of the sale, the chief financial officer now owns 37,500 shares of the company's stock, valued at approximately $2,191,875. The trade was a 8.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 5.60% of the company's stock.
Alarm.com Profile
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Free Report)
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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