Vanguard Group Inc. Has $383.09 Million Stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Vanguard Group Inc. increased its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 1.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,300,842 shares of the software maker's stock after purchasing an additional 68,907 shares during the period. Vanguard Group Inc. owned about 12.75% of Alarm.com worth $383,091,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. acquired a new stake in shares of Alarm.com during the fourth quarter worth approximately $768,000. KLP Kapitalforvaltning AS bought a new position in shares of Alarm.com in the 4th quarter valued at approximately $827,000. Sei Investments Co. lifted its holdings in Alarm.com by 7.8% in the 4th quarter. Sei Investments Co. now owns 205,440 shares of the software maker's stock worth $12,491,000 after purchasing an additional 14,811 shares during the last quarter. Magnetar Financial LLC bought a new stake in Alarm.com during the fourth quarter worth approximately $318,000. Finally, Teacher Retirement System of Texas grew its holdings in Alarm.com by 248.0% during the fourth quarter. Teacher Retirement System of Texas now owns 60,631 shares of the software maker's stock valued at $3,686,000 after purchasing an additional 43,210 shares during the last quarter. Institutional investors and hedge funds own 91.74% of the company's stock.

Insider Transactions at Alarm.com

In related news, CEO Stephen Trundle sold 1,553 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 $86,175.97. Following the completion of the transaction, the chief executive officer now owns 251,129 shares of the company's stock, valued at $13,935,148.21. The trade was a 0.61 % 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, CFO Steve Valenzuela sold 3,436 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $58.45, for a total transaction of $200,834.20. Following the completion of the transaction, the chief financial officer now owns 37,500 shares of the company's stock, valued at $2,191,875. The trade was a 8.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,921 shares of company stock worth $338,727. Company insiders own 5.60% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com raised Alarm.com from a "hold" rating to a "buy" rating in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Alarm.com presently has an average rating of "Hold" and a consensus target price of $64.40.

Alarm.com Stock Down 0.9 %

NASDAQ:ALRM traded down $0.48 on Monday, hitting $50.45. 726,940 shares of the company's stock were exchanged, compared to its average volume of 409,001. The firm has a 50-day moving average price of $59.10 and a 200-day moving average price of $59.41. Alarm.com Holdings, Inc. has a 52 week low of $48.25 and a 52 week high of $71.98. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38. The company has a market cap of $2.50 billion, a P/E ratio of 22.03, a price-to-earnings-growth ratio of 3.59 and a beta of 1.03.

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 for the quarter, missing analysts' consensus estimates of $0.53 by ($0.06). The firm had revenue of $242.24 million for the quarter, compared to analyst estimates of $237.44 million. Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. As a group, analysts expect that Alarm.com Holdings, Inc. will post 1.64 EPS 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.