Peak6 LLC Buys Shares of 6,617 Alarm.com Holdings, Inc. (NASDAQ:ALRM)

PEAK6 LLC purchased a new position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,617 shares of the software maker's stock, valued at approximately $402,000.

Several other institutional investors have also recently made changes to their positions in ALRM. Vanguard Group Inc. increased its stake in Alarm.com by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 6,300,842 shares of the software maker's stock worth $383,091,000 after acquiring an additional 68,907 shares during the last quarter. Norges Bank acquired a new position in Alarm.com in the fourth quarter valued at about $34,841,000. Charles Schwab Investment Management Inc. boosted its stake in Alarm.com by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 530,383 shares of the software maker's stock worth $32,247,000 after buying an additional 8,840 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Alarm.com by 120.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 400,810 shares of the software maker's stock valued at $24,369,000 after acquiring an additional 219,203 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Alarm.com by 2.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 391,212 shares of the software maker's stock worth $23,786,000 after acquiring an additional 9,935 shares during the last quarter. Hedge funds and other institutional investors own 91.74% of the company's stock.

Alarm.com Stock Up 0.9 %

NASDAQ:ALRM traded up $0.48 during mid-day trading on Friday, hitting $53.02. The stock had a trading volume of 194,575 shares, compared to its average volume of 417,265. 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 twelve month low of $48.23 and a twelve month high of $71.98. The company has a market capitalization of $2.63 billion, a PE ratio of 23.15, a PEG ratio of 3.59 and a beta of 1.03. The stock has a 50-day simple moving average of $55.71 and a two-hundred day simple moving average of $58.99.

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). The firm had revenue of $242.24 million for the quarter, compared to analysts' expectations of $237.44 million. Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. On average, equities research analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ALRM. The Goldman Sachs Group cut their target price on Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Barclays decreased their target price on Alarm.com from $67.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $61.20.

Insider Buying and Selling at Alarm.com

In other news, insider Daniel Kerzner sold 932 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total value of $51,716.68. Following the completion of the sale, the insider now directly owns 58,736 shares of the company's stock, valued at approximately $3,259,260.64. The trade was a 1.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steve Valenzuela sold 3,436 shares of Alarm.com 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 transaction, the chief financial officer now directly owns 37,500 shares in the company, valued at approximately $2,191,875. This trade represents a 8.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,921 shares of company stock worth $338,727 over the last three months. Insiders own 5.60% of the company's stock.

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.