Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG lifted its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 6.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 392,711 shares of the software maker's stock after buying an additional 22,831 shares during the quarter. Deutsche Bank AG owned approximately 0.79% of Alarm.com worth $23,877,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Alarm.com by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 6,300,842 shares of the software maker's stock worth $383,091,000 after buying an additional 68,907 shares during the period. Northern Trust Corp lifted its holdings in Alarm.com by 1.5% during the 4th quarter. Northern Trust Corp now owns 704,309 shares of the software maker's stock worth $42,822,000 after buying an additional 10,674 shares during the last quarter. Norges Bank purchased a new position in shares of Alarm.com in the 4th quarter valued at $34,841,000. Charles Schwab Investment Management Inc. increased its position in shares of Alarm.com by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 530,383 shares of the software maker's stock worth $32,247,000 after purchasing an additional 8,840 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. acquired a new position in Alarm.com during the fourth quarter worth approximately $27,506,000. Institutional investors and hedge funds own 91.74% of the company's stock.

Insiders Place Their Bets

In related news, insider Daniel Ramos sold 6,890 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $60.06, for a total value of $413,813.40. Following the completion of the transaction, the insider now owns 38,600 shares of the company's stock, valued at approximately $2,318,316. The trade was a 15.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen Trundle sold 3,626 shares of Alarm.com stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $59.51, for a total transaction of $215,783.26. Following the sale, the chief executive officer now owns 247,503 shares of the company's stock, valued at approximately $14,728,903.53. This trade represents a 1.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,511 shares of company stock worth $1,329,787. 5.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Alarm.com Stock Performance

Shares of ALRM stock traded down $0.60 during trading hours on Monday, reaching $59.04. 116,406 shares of the company's stock were exchanged, compared to its average volume of 364,212. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38. Alarm.com Holdings, Inc. has a 1 year low of $48.23 and a 1 year high of $71.98. The company has a market cap of $2.94 billion, a P/E ratio of 25.78, a price-to-earnings-growth ratio of 3.59 and a beta of 1.02. The company's 50 day moving average is $54.62 and its two-hundred day moving average is $59.26.

Alarm.com (NASDAQ:ALRM - Get Free Report) last released its earnings results on Thursday, February 20th. The software maker reported $0.47 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.06). Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. The business had revenue of $242.24 million during the quarter, compared to analyst estimates of $237.44 million. Equities research analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

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.