Wealthfront Advisers LLC Buys Shares of 28,578 Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Wealthfront Advisers LLC acquired a new stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 28,578 shares of the software maker's stock, valued at approximately $1,738,000. Wealthfront Advisers LLC owned approximately 0.06% of Alarm.com as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Disciplined Growth Investors Inc. MN lifted its holdings in Alarm.com by 6.0% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker's stock valued at $157,168,000 after purchasing an additional 163,851 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Alarm.com by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 530,383 shares of the software maker's stock valued at $32,247,000 after purchasing an additional 8,840 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in 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 valued at $23,786,000 after purchasing an additional 9,935 shares in the last quarter. DF Dent & Co. Inc. lifted its holdings in Alarm.com by 23.3% in the 3rd quarter. DF Dent & Co. Inc. now owns 359,399 shares of the software maker's stock valued at $19,648,000 after purchasing an additional 67,824 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of Alarm.com by 18.0% during the 3rd quarter. Bank of Montreal Can now owns 323,133 shares of the software maker's stock worth $17,879,000 after acquiring an additional 49,403 shares during the period. Hedge funds and other institutional investors own 91.74% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Alarm.com from a "hold" rating to a "buy" rating in a 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $64.40.

Insider Activity at Alarm.com

In related news, CFO Steve Valenzuela sold 3,436 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $58.45, for a total value of $200,834.20. Following the sale, the chief financial officer now directly owns 37,500 shares in the company, valued at approximately $2,191,875. The trade was a 8.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.60% of the stock is owned by insiders.

Alarm.com Trading Up 1.5 %

Shares of NASDAQ ALRM traded up $0.88 during trading on Wednesday, hitting $59.27. 478,990 shares of the company were exchanged, compared to its average volume of 382,440. The firm has a market capitalization of $2.94 billion, a PE ratio of 25.88, a P/E/G ratio of 3.59 and a beta of 1.10. Alarm.com Holdings, Inc. has a 12-month low of $51.87 and a 12-month high of $74.97. The company has a fifty day moving average price of $60.60 and a 200-day moving average price of $59.40. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85.

Alarm.com (NASDAQ:ALRM - Get Free Report) last issued 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 company had revenue of $242.24 million during the quarter, compared to analysts' expectations of $237.44 million. Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. As a group, equities research analysts expect that Alarm.com Holdings, Inc. will post 1.64 EPS 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.