Alarm.com Holdings, Inc. (NASDAQ:ALRM) Stock Holdings Lifted by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 265,301 shares of the software maker's stock after acquiring an additional 11,531 shares during the quarter. Principal Financial Group Inc. owned 0.54% of Alarm.com worth $16,130,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Quarry LP lifted its holdings in shares of Alarm.com by 291.7% in the 3rd quarter. Quarry LP now owns 705 shares of the software maker's stock worth $39,000 after buying an additional 525 shares during the period. Nisa Investment Advisors LLC boosted its position in Alarm.com by 134.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker's stock valued at $57,000 after purchasing an additional 539 shares in the last quarter. Huntington National Bank raised its stake in Alarm.com by 52.4% in the third quarter. Huntington National Bank now owns 1,068 shares of the software maker's stock valued at $58,000 after buying an additional 367 shares during the last quarter. GAMMA Investing LLC raised its stake in Alarm.com by 29.5% in the fourth quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker's stock valued at $64,000 after buying an additional 238 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in Alarm.com by 50.1% in the fourth quarter. Pacer Advisors Inc. now owns 1,888 shares of the software maker's stock valued at $115,000 after buying an additional 630 shares during the last quarter. Hedge funds and other institutional investors own 91.74% of the company's stock.

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Insider Activity at Alarm.com

In other news, insider Daniel Kerzner sold 32,851 shares of the firm's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $66.40, for a total transaction of $2,181,306.40. Following the sale, the insider now owns 59,668 shares in the company, valued at $3,961,955.20. This trade represents a 35.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephen Trundle sold 47,500 shares of the firm's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $68.18, for a total value of $3,238,550.00. Following the sale, the chief executive officer now owns 252,682 shares in the company, valued at $17,227,858.76. This trade represents a 15.82 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ALRM shares. Barclays raised their price objective on Alarm.com from $60.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th. StockNews.com raised Alarm.com from a "hold" rating to a "buy" rating in a report on Wednesday, December 18th. Jefferies Financial Group started coverage on Alarm.com in a report on Tuesday, November 5th. They issued a "buy" rating and a $65.00 price objective on the stock. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $50.00 price target (down from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. Finally, The Goldman Sachs Group lifted their price target on Alarm.com from $64.00 to $67.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $64.40.

Alarm.com Stock Performance

Shares of NASDAQ ALRM traded down $0.03 during trading hours on Friday, reaching $58.09. The stock had a trading volume of 366,604 shares, compared to its average volume of 326,823. The firm has a 50-day moving average of $61.23 and a 200-day moving average of $59.50. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 3.59 and a beta of 0.98. Alarm.com Holdings, Inc. has a fifty-two week low of $51.87 and a fifty-two week high of $77.29.

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). The business 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%. Equities research analysts predict that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

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.