Deutsche Bank AG Acquires 22,831 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Deutsche Bank AG boosted its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 392,711 shares of the software maker's stock after purchasing an additional 22,831 shares during the period. Deutsche Bank AG owned approximately 0.79% of Alarm.com worth $23,877,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. SBI Securities Co. Ltd. bought a new stake in shares of Alarm.com in the fourth quarter worth $25,000. C M Bidwell & Associates Ltd. purchased a new position in Alarm.com in the fourth quarter worth about $36,000. Nisa Investment Advisors LLC grew its stake in shares of Alarm.com by 134.8% during the 4th 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 during the period. Quarry LP increased its position in shares of Alarm.com by 43.0% during the 4th quarter. Quarry LP now owns 1,008 shares of the software maker's stock valued at $61,000 after purchasing an additional 303 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Alarm.com by 305.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker's stock valued at $63,000 after purchasing an additional 779 shares during the last quarter. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Alarm.com Price Performance

ALRM traded up $0.22 on Tuesday, hitting $59.17. 20,297 shares of the company's stock traded hands, compared to its average volume of 422,233. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 25.75, a P/E/G ratio of 3.59 and a beta of 1.02. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35. Alarm.com Holdings, Inc. has a one year low of $48.23 and a one year high of $71.98. The company's 50 day simple moving average is $54.62 and its 200-day simple moving average is $59.30.

Alarm.com (NASDAQ:ALRM - Get Free Report) last announced its quarterly 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 company had revenue of $242.24 million during 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%. As a group, research analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

Wall Street Analyst Weigh In

ALRM has been the subject of several recent research reports. Barclays cut their target price on shares of Alarm.com from $67.00 to $60.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Raymond James cut their price objective on shares of Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating for the company in a research report on Friday, May 9th. Finally, The Goldman Sachs Group decreased their target price on Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $64.33.

Insiders Place Their Bets

In other news, insider Jeffrey A. Bedell sold 2,019 shares of the firm's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $59.51, for a total value of $120,150.69. Following the completion of the sale, the insider now owns 490,509 shares in the company, valued at approximately $29,190,190.59. This trade represents a 0.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen Trundle sold 1,553 shares of Alarm.com stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total transaction of $86,175.97. Following the transaction, the chief executive officer now directly owns 251,129 shares of the company's stock, valued at approximately $13,935,148.21. This represents a 0.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,511 shares of company stock valued at $1,329,787 in the last three months. Corporate insiders own 5.80% of the company's stock.

About Alarm.com

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.