Integrated Quantitative Investments LLC Makes New $993,000 Investment in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Integrated Quantitative Investments LLC purchased a new stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 16,331 shares of the software maker's stock, valued at approximately $993,000.

A number of other hedge funds have also modified their holdings of ALRM. Principal Financial Group Inc. lifted its holdings in shares of 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 buying an additional 11,531 shares during the period. Atomi Financial Group Inc. purchased a new position in shares of Alarm.com in the fourth quarter worth about $259,000. Y Intercept Hong Kong Ltd acquired a new stake in Alarm.com in the 3rd quarter valued at about $1,322,000. Charles Schwab Investment Management Inc. lifted its stake in Alarm.com by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 521,543 shares of the software maker's stock worth $28,513,000 after purchasing an additional 7,567 shares in the last quarter. Finally, KBC Group NV grew its position in shares of Alarm.com by 47.9% in the fourth quarter. KBC Group NV now owns 1,920 shares of the software maker's stock valued at $117,000 after purchasing an additional 622 shares in the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.

Alarm.com Stock Up 0.9 %

Shares of NASDAQ ALRM traded up $0.44 during midday trading on Wednesday, hitting $50.00. The company's stock had a trading volume of 130,392 shares, compared to its average volume of 363,519. Alarm.com Holdings, Inc. has a 1 year low of $48.23 and a 1 year high of $71.98. The business's fifty day simple moving average is $58.61 and its two-hundred day simple moving average is $59.30. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 21.96, a price-to-earnings-growth ratio of 3.59 and a beta of 1.03. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38.

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 (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 analysts' expectations of $237.44 million. On average, equities analysts predict that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Transactions at Alarm.com

In other Alarm.com news, CEO Stephen Trundle sold 1,553 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total value of $86,175.97. Following the completion of the sale, the chief executive officer now owns 251,129 shares of the company's stock, valued at approximately $13,935,148.21. This trade represents a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steve Valenzuela sold 3,436 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total transaction of $200,834.20. Following the sale, the chief financial officer now owns 37,500 shares in the company, valued at $2,191,875. The trade was a 8.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,921 shares of company stock worth $338,727 over the last 90 days. 5.60% of the stock is currently owned by insiders.

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.