Montanaro Asset Management Ltd Acquires 13,500 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Montanaro Asset Management Ltd lifted its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 6.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 223,900 shares of the software maker's stock after purchasing an additional 13,500 shares during the quarter. Alarm.com comprises about 2.2% of Montanaro Asset Management Ltd's investment portfolio, making the stock its 23rd largest position. Montanaro Asset Management Ltd owned approximately 0.45% of Alarm.com worth $12,241,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Parkside Financial Bank & Trust boosted its position in shares of Alarm.com by 8.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker's stock worth $151,000 after buying an additional 183 shares in the last quarter. Arizona State Retirement System grew its position in Alarm.com by 1.8% in the second quarter. Arizona State Retirement System now owns 13,283 shares of the software maker's stock valued at $844,000 after acquiring an additional 232 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of Alarm.com by 4.6% during the 2nd quarter. QRG Capital Management Inc. now owns 5,991 shares of the software maker's stock valued at $381,000 after buying an additional 266 shares during the last quarter. Swiss National Bank boosted its stake in shares of Alarm.com by 0.3% during the 1st quarter. Swiss National Bank now owns 93,700 shares of the software maker's stock valued at $6,790,000 after buying an additional 300 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Alarm.com by 15.2% during the 1st quarter. SG Americas Securities LLC now owns 3,384 shares of the software maker's stock valued at $245,000 after buying an additional 446 shares during the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. StockNews.com upgraded Alarm.com from a "hold" rating to a "buy" rating in a research note on Friday, September 13th. Barclays raised their price target on Alarm.com from $60.00 to $67.00 and gave the company an "equal weight" rating in a report on Friday. The Goldman Sachs Group raised their price target on Alarm.com from $64.00 to $67.00 and gave the company a "neutral" rating in a report on Friday. Jefferies Financial Group began coverage on Alarm.com in a report on Tuesday, November 5th. They set a "buy" rating and a $65.00 price target on the stock. Finally, Roth Mkm lowered their target price on Alarm.com from $78.00 to $73.00 and set a "buy" rating on the stock in a report on Wednesday, October 9th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $68.40.

Insiders Place Their Bets

In related news, insider Daniel Ramos sold 9,476 shares of the firm's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $61.81, for a total value of $585,711.56. Following the transaction, the insider now owns 41,100 shares in the company, valued at $2,540,391. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Steve Valenzuela sold 7,400 shares of Alarm.com stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total value of $445,998.00. Following the sale, the chief financial officer now owns 37,500 shares of the company's stock, valued at approximately $2,260,125. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel Ramos sold 9,476 shares of Alarm.com stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $61.81, for a total value of $585,711.56. Following the completion of the sale, the insider now directly owns 41,100 shares in the company, valued at approximately $2,540,391. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.60% of the company's stock.

Alarm.com Price Performance

ALRM stock traded up $6.37 during trading on Friday, hitting $63.51. The company had a trading volume of 903,716 shares, compared to its average volume of 324,223. The company has a fifty day moving average price of $54.81 and a two-hundred day moving average price of $61.35. The company has a current ratio of 9.25, a quick ratio of 8.70 and a debt-to-equity ratio of 1.52. The company has a market cap of $3.13 billion, a P/E ratio of 31.60, a P/E/G ratio of 3.49 and a beta of 0.90. Alarm.com Holdings, Inc. has a fifty-two week low of $51.19 and a fifty-two week high of $77.29.

Alarm.com (NASDAQ:ALRM - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The software maker reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.09. The company had revenue of $233.80 million for the quarter, compared to analyst estimates of $227.35 million. Alarm.com had a return on equity of 13.00% and a net margin of 11.92%. The business's revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 earnings per share. Equities research analysts expect that Alarm.com Holdings, Inc. will post 1.4 earnings per share for the current fiscal year.

Alarm.com Company Profile

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.