PNC Financial Services Group Inc. Has $2.80 Million Stock Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

PNC Financial Services Group Inc. raised its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 98.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,016 shares of the software maker's stock after buying an additional 22,804 shares during the period. PNC Financial Services Group Inc. owned 0.09% of Alarm.com worth $2,798,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC increased its stake in shares of Alarm.com by 29.5% in the fourth quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker's stock worth $64,000 after purchasing an additional 238 shares during the period. Nicolet Advisory Services LLC increased its stake in Alarm.com by 6.0% during the third quarter. Nicolet Advisory Services LLC now owns 4,775 shares of the software maker's stock valued at $250,000 after acquiring an additional 272 shares during the period. Huntington National Bank increased its stake in Alarm.com by 52.4% during the third 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 during the period. SBI Securities Co. Ltd. bought a new position in Alarm.com during the fourth quarter valued at about $25,000. Finally, Quarry LP increased its stake in Alarm.com by 291.7% during the third quarter. Quarry LP now owns 705 shares of the software maker's stock valued at $39,000 after acquiring an additional 525 shares during the period. 91.74% of the stock is currently owned by institutional investors.

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Insider Activity at Alarm.com

In related news, CFO Steve Valenzuela sold 3,436 shares of the company's stock in a transaction 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 transaction, the chief financial officer now directly owns 37,500 shares of the company's stock, valued at approximately $2,191,875. This represents a 8.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.60% of the stock is owned by corporate insiders.

Alarm.com Trading Up 0.1 %

Shares of Alarm.com stock traded up $0.03 on Tuesday, hitting $58.39. 389,382 shares of the company's stock traded hands, compared to its average volume of 347,576. The firm's 50-day moving average price is $60.63 and its two-hundred day moving average price is $59.41. The stock has a market capitalization of $2.90 billion, a PE ratio of 25.50, a price-to-earnings-growth ratio of 3.59 and a beta of 1.10. Alarm.com Holdings, Inc. has a one year low of $51.87 and a one year high of $74.96. 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 issued its earnings results on Thursday, February 20th. The software maker reported $0.47 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.06). The business had revenue of $242.24 million for the quarter, compared to the consensus estimate of $237.44 million. Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. On average, research analysts expect that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Alarm.com from a "hold" rating to a "buy" rating in a research note on Wednesday, December 18th. 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's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $64.40.

Alarm.com 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.