Resona Asset Management Co. Ltd. bought a new stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 12,140 shares of the software maker's stock, valued at approximately $746,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Daiwa Securities Group Inc. grew its position in Alarm.com by 8.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 2,670 shares of the software maker's stock valued at $162,000 after acquiring an additional 200 shares during the last quarter. GAMMA Investing LLC lifted 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 worth $64,000 after purchasing an additional 238 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Alarm.com during the fourth quarter valued at about $25,000. Nicolet Advisory Services LLC grew its stake in shares of Alarm.com by 8.7% during the fourth quarter. Nicolet Advisory Services LLC now owns 5,190 shares of the software maker's stock valued at $309,000 after buying an additional 415 shares during the last quarter. Finally, Quarry LP increased its holdings in shares of Alarm.com by 291.7% in the third 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. Hedge funds and other institutional investors own 91.74% of the company's stock.
Insider Transactions at Alarm.com
In other news, CEO Stephen Trundle sold 1,553 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total value 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 represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Daniel Kerzner sold 932 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total transaction of $51,716.68. Following the completion of the transaction, the insider now 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,921 shares of company stock valued at $338,727 in the last quarter. 5.60% of the stock is owned by insiders.
Alarm.com Stock Down 0.8 %
Shares of NASDAQ ALRM traded down $0.41 during mid-day trading on Wednesday, hitting $51.03. 42,988 shares of the stock traded hands, compared to its average volume of 411,933. The stock has a fifty day moving average price of $57.41 and a 200-day moving average price of $59.14. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 3.59 and a beta of 1.03. Alarm.com Holdings, Inc. has a 52 week low of $48.23 and a 52 week high of $71.98.
Alarm.com (NASDAQ:ALRM - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The software maker reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.06). The business had revenue of $242.24 million during 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%. Research analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.
Wall Street Analyst Weigh In
Several analysts have weighed in on ALRM shares. Barclays lowered their price objective on Alarm.com from $67.00 to $60.00 and set an "equal weight" rating for the company in a research report on Monday. StockNews.com raised shares of Alarm.com from a "hold" rating to a "buy" rating in a research report on Wednesday, December 18th. One 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 data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $63.00.
View Our Latest Stock Analysis on ALRM
About Alarm.com
(
Free Report)
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.
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