Inceptionr LLC bought a new position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 11,982 shares of the software maker's stock, valued at approximately $729,000.
A number of other institutional investors have also made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new stake in shares of Alarm.com during the fourth quarter worth $25,000. Quarry LP grew its position 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 buying an additional 525 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Alarm.com by 134.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker's stock worth $57,000 after acquiring an additional 539 shares during the period. Huntington National Bank raised its holdings in Alarm.com by 52.4% in the 3rd quarter. Huntington National Bank now owns 1,068 shares of the software maker's stock valued at $58,000 after acquiring an additional 367 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Alarm.com by 305.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker's stock valued at $63,000 after acquiring an additional 779 shares during the period. 91.74% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, insider Daniel Kerzner sold 32,851 shares of the company's 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 sale, the insider now directly owns 59,668 shares in the company, valued at $3,961,955.20. This represents a 35.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.60% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
ALRM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. restated an "underweight" rating and issued a $50.00 price target (down previously from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. 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 assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Alarm.com has an average rating of "Hold" and an average price target of $64.40.
Read Our Latest Stock Analysis on Alarm.com
Alarm.com Price Performance
Alarm.com stock traded up $0.22 during mid-day trading on Tuesday, reaching $58.48. The company had a trading volume of 424,653 shares, compared to its average volume of 378,028. The business has a fifty day simple moving average of $60.84 and a 200 day simple moving average of $59.46. The company has a market cap of $2.90 billion, a P/E ratio of 25.54, a P/E/G ratio of 3.59 and a beta of 1.10. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35. Alarm.com Holdings, Inc. has a fifty-two week low of $51.87 and a fifty-two week high of $75.39.
Alarm.com (NASDAQ:ALRM - Get Free Report) last issued its earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $237.44 million. On average, equities research analysts predict that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.
Alarm.com Profile
(
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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