KLP Kapitalforvaltning AS Buys New Shares in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

KLP Kapitalforvaltning AS purchased a new stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 13,600 shares of the software maker's stock, valued at approximately $827,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Disciplined Growth Investors Inc. MN raised its position in Alarm.com by 6.0% in the third quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker's stock worth $157,168,000 after acquiring an additional 163,851 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Alarm.com by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 530,383 shares of the software maker's stock worth $32,247,000 after purchasing an additional 8,840 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Alarm.com by 2.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 391,212 shares of the software maker's stock valued at $23,786,000 after purchasing an additional 9,935 shares during the last quarter. DF Dent & Co. Inc. boosted its holdings in Alarm.com by 23.3% during the third quarter. DF Dent & Co. Inc. now owns 359,399 shares of the software maker's stock worth $19,648,000 after buying an additional 67,824 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Alarm.com by 4.5% in the fourth quarter. Principal Financial Group Inc. now owns 265,301 shares of the software maker's stock worth $16,130,000 after buying an additional 11,531 shares during the last quarter. Institutional investors own 91.74% of the company's stock.

Alarm.com Stock Down 3.0 %

Shares of NASDAQ ALRM traded down $1.57 during mid-day trading on Friday, reaching $50.93. The company had a trading volume of 693,636 shares, compared to its average volume of 407,730. The stock has a fifty day moving average of $59.33 and a two-hundred day moving average of $59.40. Alarm.com Holdings, Inc. has a 12-month low of $50.44 and a 12-month high of $71.98. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 3.59 and a beta of 1.03. 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 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 net margin of 13.21% and a return on equity of 13.55%. The company had revenue of $242.24 million for the quarter, compared to analyst estimates of $237.44 million. As a group, equities research analysts expect that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Alarm.com from a "hold" rating to a "buy" rating in a report on Wednesday, December 18th. One 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 company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $64.40.

Insider Transactions at Alarm.com

In other Alarm.com news, CFO Steve Valenzuela sold 3,436 shares of Alarm.com stock in a transaction that occurred on Wednesday, March 12th. The shares were 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 directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen Trundle sold 1,553 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total transaction of $86,175.97. Following the transaction, the chief executive officer now owns 251,129 shares in the company, valued at approximately $13,935,148.21. This trade represents a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,921 shares of company stock valued at $338,727 in the last three months. Corporate insiders own 5.60% of the company's stock.

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.